Hey everyone it’s Wendell,
Going on 2 weeks since the “tekxit” began and I feel that it’s time for another update. In a recent post to the community it was said that I was “out” or no longer with Tek Syndicate. I want to clear that up. I am still an owner of this company. I have not said that I would stop making content. I was cut off from a number of things including my ability to contribute content to the various channels. This is very different than me voluntarily departing the enterprise.
I have been working diligently behind the scenes on a few things. The first has been continuing in any capacity that I can to act as a shareholder and manager of Tek Syndicate, LLC. To that end I have been getting the company properly valued, and my capital in the company valued based on the actual earnings of the company by my CPA. I still only have an incomplete picture of the finances and my CPA has reached out for complete and accurate documents for all accounts related to Tek Syndicate, LLC.
What is very likely to happen at this point is that a division of assets will be agreed on vs. a large buy out. In this division, I am pulling hard to maintain ownership of the community forum and website. I have invested my own money and time into developing a fantastic new design for them and it would be tragic if it never saw the light of day. I am also asking for the youtube.com/teksyndicate channel that has thus far been used as the “Hardware” channel as well no dispute against the Linux and Enterprise channels, which are the channels I started myself some time ago. I see this as the best way to keep the community of enthusiasts that are interested in sharing ideas and growing their knowledge whole and moving forward.
There are a few more inwardly facing revenue streams that will be divided, but as for the community facing side I would like to be awarded custody, as it were, so that the community can continue uninterrupted as much as possible. That is, if y’all will have me.
The other things I have been working on are to continue my engagement with the community and the sponsors and vendors to whom Tek Syndicate still has standing agreements. It wouldn’t be a stretch to say that the Tek Syndicate name has been badly tarnished by actions of the last 10 days. This will also be considered in the valuation of the company, but until then I will continue to maintain the standing relationships that Tek has with sponsors and vendors. If this word is reaching any vendors that Tek has unfulfilled agreements with, please contact me immediately.
My apologies if this process is a slow one, but the legal gears of the business world don’t grind at the Ludicrous Speed of the internets. I have made a number of proposals that can expedite the orderly exit process so I can get back to making content, but for now I am waiting.
I still feel that this community is the best group of makers and tech enthusiasts on the internet and it is my strong belief that it will continue to be.