Hacker News new | ask | show | jobs
by issa 1147 days ago
It's really hard to "accidentally" not make payroll. This shouldn't be something that sneaks up on you. If you feel the founder deserves the benefit of the doubt, I would suggest reaching out to them first before doing anything else. But if that doesn't work it's really just a question of what you want out of the situation. You will probably never see the money regardless (lawyer/court costs, squeezing blood from a stone, etc) but it might be worth it to you to make the (very valid) point anyway.
1 comments

i know an infinite number of people who got stiffed and have myself been on the receiving end plenty times. this isn't an accident it's the norm wit coked-up "fake it till you make it" start-up culture. 99% of the industry is toxic and it's not just entrepreneurs that fail but everyone who drank the cool aid ;)
In over 20 years, I only ran into this with one startup. The founder ran out of money... twice. He was a nice guy so I gave him the benefit of the doubt this wouldn't happen again. Big mistake. It did... a few short months later.

The company was eventually "acquired" for pennies-on-the-dollar in a fire sale. Early investors got nothing. Of course, like many failed "acquisitions", this is seen as a success on his LinkedIn page.