Mr. Blah and Mrs. Bleh, are friends and they met at university when they were studying Business Law at University. They share a passion for virtual reality and virtual games. After completing their studies, they decided to start up a new business based on Mr. Blah's idea regarding a virtual reality without glasses. Mr. Blah's idea consists of a very powerful projector with a lot of speakers of different sizes and overall software that changes the video and the involving sound taking into account upon user's viewing. There is also a very incipient augmented virtual reality.
Mrs. Bleh, jointly with Mr. Blah, raised the necessary fund for kicking off the project. Mrs. Bleh's family and friends let her 100.000 euro meanwhile, Mr. Blah's family and friends let him 20.000 euro.
The first prototype had a cost of 110.000 euros and it took nearly 1 year of working. During this first year, Mrs. Bleh and Mr. Bla did not have a salary and they have been involved in this project, with other classmates, to whom they paid occasionally. Most of the funds have been applied to pay components and software developers.
Mrs. Bleh has contacted a Japanese company which is very interested to buy the new projector. The Japanese company's director has come to Barcelona to have his own experience with the prototype and finally, he has ordered 6 projectors.
Fact2
Mrs. Bleh's father recommended founding a new company and at the same time agreed on the delivery of another 6 projectors, this time the customer is a French company. To run the new job and update the software, they need 200,000 euros, but they can no longer squeeze their family and friends. Ms. Bleh has met two adventure capital funds that have informed Ms. Bleh of their interest in investing in their company but have asked her for a profit and loss forecast, at least for the next 2 years. She sent them the following predictions:
Fact 3
Mrs. Bleh and Mr. Blah had a sharp argument over how the project should be carried out at this stage. This argument ended with Mr. Blah slamming the door and starting a similar project on his own. On his way out he dragged the software development team with him.
Questions:
1. Can Mr. Blah start a new business using all the background he has learned during his previous experience?
2. Should Mr. Blah demand compensation?
3. Should Mr Blah ask Ms Bleh to buy his shares? In other words, is Ms. Bleh obligated to buy Mr. Blah's shares?
