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Back in 2015 I worked for a startup

Back in 2015 I worked for a startup. I turned down a job at a more stable company because this startup had me doing Erlang and I really wanted to work with that. The job worked fine for about six months, and then one week my paycheck (which usually was on the second and fourth Wednesday of the month) wasn't in my bank account. I go the CEO of the company and mention this and he said something like "Oh yeah, something got fucked up with payroll man, don't worry we'll give you a double paycheck next time, with interest man". I was young enough in my career to just accept that, and so I waited two more weeks and again, no money in my checking account. I confront the CEO about this, and he says the payroll stuff is still fucked but don't worry man I got you, next paycheck will be a triple paycheck, and an extra two grand for everyone. Two weeks later, the building's doors are locked, and none of us are able to get into the building. One of the other engineers called one of the investors and apparently the CEO "could not be found", and all of us were laid off on the spot. …

Original discussionWhat Being Ripped Off Taught Me225 source comments · at import
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AV

Worked in the SF tech scene since 2010, and so many founders who I found through YC/HN and AngelList failed to pay me over the years. Often paid late, but FIVE times, I never got paid at all, one time it was several thousands over the course of months and I almost pursued it in court, but in the end I took the L. It's always these incubator types, they're the absolute worst clients. They have the cash in the bank too, they often just forget or feel entitled and don't want to back down. NEVER work for a YC founder.

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LU

> then I called my mom Not all of us can do that, or our dad, and there’s nobody to help us nor a savings to fall back on. Almost everyone gets hooked up by their parents and society is designed around that. I don’t know anyone else in the world except for me who doesn’t have any help. Even the homeless people get more help than me. Often they have parents and even kids somewhere. Pretty broken system we have where basically nothing you do in your life matters, it’s all about how much money your parents had. Almost everyone on this site comes from a background like that, just free shit without any merit while the rest of us struggle, crazy

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TH

> and then one week my paycheck (which usually was on the second and fourth Wednesday of the month) wasn't in my bank account. I go the CEO of the company and mention this and he said something like "Oh yeah, something got fucked up with payroll man, don't worry we'll give you a double paycheck next time, with interest man". > I was young enough in my career to just accept that This reminded me of two much smaller-scale events from my personal life: 1. I engaged a Chinese tutor. After several weeks of lessons, one day I found that I had forgotten to bring my wallet to the lesson and couldn't pay her. I considered this a huge faux pas, but she treated it as a non-event, brushing it off with "no problem, just pay me next time". (Which I did. The inability to pay that week was just an accident on my part.) 2. Living in China, I arranged for someone I knew through a board game club to help m…

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MA

During my MBA we were taught about the FedEx founding story [0]. The founder of FedEx got low on cash. So he took all the remaining cash (including what he owed in payroll) to Vegas and gambled it. And won, and paid his staff, and the rest is history. We were taught that this was a great example of "entrepreneurial hustle". I was horrified. How many founders copied this lesson? How many employees couldn't pay their mortgages because the CEO had learned the wrong lesson from this story? This kind of nightmare irresponsibility needs to be punished, not glorified. [0] https://en.wikipedia.org/wiki/FedEx_Express : "However, the company began to experience financial difficulties, losing up to a million USD a month. While waiting for a flight home to Memphis from Chicago after being turned down for capital by General Dynamics, Smith impulsively hopped on a flight to Las Vegas, where he won $27…

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ME

Why was your mom your last resort? And why did you lie to her? Is this that American thing, where kids move to a different city at 18 and only visit their parents once a year for Thanksgiving? I'm in pretty much daily contact with my parents and siblings. They always know what I'm up to, what my financial situation is, and they would be my first contact in case of any difficulties.

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