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Old 09-12-2007, 03:46 PM  
Far-L
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Join Date: Feb 2002
Location: Seattle
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4. At one point Homegrown went into bankruptcy and you decided to buy the company. Where did you raise the money from?

After we found out that HGV's assets were available in a bankruptcy proceeding we set about trying to find VC funding to help buy it. That didn't get too far and whatever prospects we did have flaked hard on us at the last minute.

Getting a bit desperate we turned to our Mother who ended up getting a second on her house to get us the cash to buy. We ended up with the company for a song really. All the original edited masters, raw footage, some antique editing system, and a skimpy mailing list of hardcore fans that the previous owner had not chased away with inferior tape. (this was back in the prehistory of video when stuff was recorded on vhs).

I remember we had to destroy a bunch of vhs tapes that were worthless. There was a small room with one wall of brick and me, Mof, and our other partner spent about 6 hours throwing tapes at that wall and watching them explode until there was a few feet of plastic and magnetic tape carnage on the floor.

I also remember one of the first tapes I had to review for purchase. It had an older woman teaching two girls how to use a condom and I was thinking, "wow this is sexy and educational" but when the woman said "now go try this out on your dad" I became a bit concerned.

I went and checked the releases.

The tape had come from Waco Texas (just after that Branch Davidian thing for all you history buffs out there).

The performers were all legal age with id.

Unfortunately they all had the same last names too.

wickity wickety wack, sent that one back, faster than you could say "Deliverance".
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