Date: 2026-10-05 2:56 PM EDT Granola: https://notes.granola.ai/d/7e21ced7-b404-4283-a5af-666cb9a154dd
Attendees
- Michael Houck (Rye Valley)
- Emil (counterparty, GovData venture)
Summary
Short phone call to align on cost sharing, revenue distribution, and communications setup for a GovData side venture Michael is co-building with Emil and Will. Key concern: keeping FlashPass email infrastructure out of the project to avoid IP entanglement ahead of any future FlashPass sale.
Decisions Made
- Cloud/token/usage costs get added to the existing $10K invoice rather than tracked separately.
- Revenue on any sale distributes proportionally back; no commercial liability downside given structure.
- Do NOT use FlashPass emails for this project - IP ownership risk if FlashPass is acquired (a sharp PE buyer could claim equity stake, e.g. “now we need 25%”).
- Use Michael’s Candid email and Will’s separate business email until a customer is signed.
- On first customer signature: spin up own domain and Slack instance.
Action Items
| Owner | Item |
|---|---|
| Michael | Send Will’s updated business email to Emil |
| Michael | Resend MOU or related docs this evening |
Notable Excerpts
“If there’s any like cloud or token or like stuff that we need to kick back, just like add it to that $10K invoice… if we make a sale, we’ll distribute so much more back, and there’s no real commercial liability, so the money’s gone anyways.”
“Don’t use the FlashPass emails… if we do sell next year, it’s like we’re using FlashPass money to build this. There’s like some IP ownership claims that I prefer to avoid… a sharp PE firm trying to extract as much value as possible - that’s one of the things where they’re like, oh, now we need 25%.”
Full transcript available in Granola.