Hi Michael,

Sure. But let’s make that at least 30% larger five years from now, with the following terms & conditions:

  1. We’ll bet US$1 million. The amount needs to be audited to be present now in each party’s net worth and locked into an escrow account for settlement at the end of the period.
  2. The app numbers will be based on an independent 3rd party’s annual survey which shall be agreed upon now. The number of apps in five years’ time shall include only those that have been actively maintained (defined as updated at least once in the previous year), and not those that have been left to rot. Apps shall be defined as native apps that run only on smartphones and not any other portable devices or hybrid applications.
  3. The terms of the bet will be drafted and notarized by a lawyer and be valid under the laws of both the jurisdictions of our resident country. Since you initiated the bet, happy for you to choose a law firm of your choice and sign the documents you present as long as the above terms are incorporated with proper legal effect. You may also, of course, wish to appoint an auditor and escrow account trustee of your choice to hold the funds of the bet.

What do you say?

BTW: Lance Ng is my real name.

Content | Technology | Entrepreneurship 🔗 www.linkedin.com/in/lancengym/

Content | Technology | Entrepreneurship 🔗 www.linkedin.com/in/lancengym/