Newspaper article The Florida Times Union

Sign Company Says KYN Owes It $15,000; More Concerns Raised about Group Affiliated with One Spark Festival

Newspaper article The Florida Times Union

Sign Company Says KYN Owes It $15,000; More Concerns Raised about Group Affiliated with One Spark Festival

Article excerpt

Byline: Drew Dixon

More financial questions are being raised about a One Spark-related group now that a longtime Jacksonville businessman says he can't get paid for the work he did for the former business accelerator group known as KYN.

Roger Williams, owner of Harbinger Sign Co., which operated in Jacksonville previously under Quality Neon Sign Co., said Monday that KYN owes his business $15,000 for sign work.

Williams, who is also a corporate sponsor for the One Spark festival, said the work included video projection equipment, a plywood wall with logos and printed material during One Spark in April at KYN's display inside a building at the Laura Street Trio area in downtown.

Williams told the Times-Union his company has sought payment for the work throughout the summer, attempting three times to get payment. But KYN officials never paid up.

"The first invoice went out in May," Williams said. "We've attempted every month to get payment."

Williams said KYN officials told his company to resend the invoice twice and then a third time, just a few weeks ago, his company was told to send its invoice to Stache Investments, a venture capital firm owned by Shad Khan.

This month, Khan, the owner of the Jacksonville Jaguars, blasted KYN in local media.

Khan said KYN was supplying startup businesses with only 12 percent of $1.1 million he provided to the group, which was formed to help startup entrepreneurs in the past year following the success of the One Spark crowdfunding festivals. Khan announced he was ending all association and funding for KYN operations.

KYN and One Spark founder Elton Rivas last week decided to cease all operations for KYN following Khan's announcement. Rivas denied any wrongdoing with the NFL franchise owner, blaming most of the financial dispute over confusion with a former Khan operative who is no longer with Stache Investments.

Rivas could not be reached for comment Monday afternoon. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.