This another of my reports from the inside of an internet start-up. It is very interesting to be involved with something so new and so eventful. Every day it seems some new intrigue pops up. The founders, Howard and Brent, have been excellent to work with. Between them and the key advisory board members, we already have the nucleus of a successful team. Those investors who focus on management as the highest priority have been very pleased.

Yesterday (5/24/07) we had another investor meeting with a small group of people to present the latest progress on CB Stealth, my angel investment. The company has made some major strides in the software platform and raised additional capital since my last report about three weeks ago CB Stealth - our start-up gaining traction. We had hoped to have the Beta site up by now but we have added a few more bells and whistles and we are changing our servers (hardware issues) so it has been delayed until mid-June, or so I have been told.

Interest in CB Stealth from old media companies seems to be accumulating and it seems that, two in particular are anxious to meet with us even before the Beta version goes up. This is all new to me because I have not been involved with any Internet ventures as a principal. If we take on any large investors our valuation will go up and our control over the company will likely go down. One of the key decisions is going to be whether we wait for a higher valuation in six months after we are up and running or we take the cash now which would allow us to ramp up faster.