I feel for the people who invested money in 2013 and were told the project would be launched in jan 2014.
Dan keeps referring to that fund raiser as "small" yet didn't it raise more than 1000 BTC worth of funds over btc/ltc/bankwire?
If I was you Dan I would take a big chunk of Emu for yourself, IPO off some of the rest and make sure you do the original investors right.
There has been full transparency in the launch shedule and anyone who felt "cheated" were offered a 100% return of their investment or keep their investments in the project. Their investment has not vanished. They have chosen themselves to still be part of the project - even though it has been postponed alot (lets be honest).
The initial IPO did not reach 1000.