It has been a little over a year since my last day at JaDeD and with some misinformation still floating around about what transpired, it is a good time to go over the VERY abridged version of what took place.
What was supposed to be an amicable deal between business partners that had been working together for almost a decade, devolved into a giant mess. My wife and I were planning on starting a family and we knew I would have to change my schedule to accommodate a baby. Rather than figure out a way to make the scheduling work, my former partner put out an offer to buy me out. The initial offer to buy me out was for $60,000 (not a lot for the 6+ years I spent building into the company and how much I gave up compared to my past employment, but it was enough to pay off the debt that I had accrued during this time and get a fresh start), and my former partner went and met with a lawyer and an accountant and decided that he had enough leverage that he lowered the offer to $10,000 (above cash on hand) for my half of the company, all the stock products, tools, and materials. I made several counter offers to buy him out, all the way up to $50,000 above cash on hand, and I was informed that he would never sell for any amount of money, and he was not increasing the amount he would offer me for my half of JaDeD. This resulted in a 2 and a half month back and forth over email and ended when he wrote himself a check for $10,000 without proper approval from the required majority of shareholders and I called him out on it (for those paying attention, that is how much he was willing to pay for my half of JaDeD). I was able to secure a little more funding to start CuS.S., retained my rights to the multi-coil wort chiller patent, received a portion of the manifold fittings that are required to manufacture the multi-coil chillers along with specifically excluding ANY form of a non-compete clause. It was an eye opening experience for me, and one that I believe, will be better in the long run.
As I stated in the beginning, this is an abridged version of events that I have attempted to write about in the past, but it always ended up being in the neighborhood of 7 to 10 pages, and was just going to be too much for anyone to read. I really don't expect anyone in the market for an immersion chiller would take that much time to read about the drama that transpired behind the scenes. My goal in writing this is not to turn people against my now competitor, in fact, I would like for nothing more than CuS.S. Brewing to be judged by the products and customer service we offer.