Earlier today, Ryan Goldstein, President/CEO, met with the managing director of a large Philadelphia-based venture capital firm. Because of the great potential evident in our venture, ChronoWake has been offered pro bono legal services for intellectual property protection (patent filing), as well as full support in furthering our venture objectives.
So far, ChronoWake management has not had to concede any equity in the company (the founders are retaining 100% ownership). We are very enthusiastic about, and thankful for, the valuable services and support provided to us without cash or equity in return. We avidly anticipate a mutually beneficial partnership with this firm.