Jason Voorhees
Say cheese
- Joined
- May 15, 2020
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My friend a year back joined a bootstrapped SaaS if you don't know how it is in these companies it's either a feast or famine. These buisness run on paying monthly/annually for tools like project management apps or CRM software and early stage startups often burn through VC money and hit
Cash flow crunches from high burn rates salaries, servers, marketing while waiting for that "hockey stick" growth.
If user acquisition stalls or churn spikes, payroll gets hit first. Often employees have experience delays or skipped salaries. I like startups and working in them for independence and work culture but this is one of the pain points
Anyway my friend's now out 3 months' salary and stressing hard and was talking to me about it. I suggested giving them more time startups hit rough patches often. I told them it's common to have fundraising delays, cash crunches which churn eating into recurring revenue but dad overheard the conversation and told him Drag their asses to court under a confidential complaint. I told him but there's is a startup that's bootstrapped
And he doubled down. That's their problem, not yours. I am a VP of finance and I'd never delay salaries for some shitty overheads especially during the holidays when people are out shopping and spending their hard earned cash. If he can't manage money, he doesn't deserve to have a company. It's your money you are not asking for a loan or borrowing it from anyone.I'm telling you file the complaint on that bastard. Force his hand to pay you.
Mirin dark triad Machiavellianism
Cash flow crunches from high burn rates salaries, servers, marketing while waiting for that "hockey stick" growth.
If user acquisition stalls or churn spikes, payroll gets hit first. Often employees have experience delays or skipped salaries. I like startups and working in them for independence and work culture but this is one of the pain points
Anyway my friend's now out 3 months' salary and stressing hard and was talking to me about it. I suggested giving them more time startups hit rough patches often. I told them it's common to have fundraising delays, cash crunches which churn eating into recurring revenue but dad overheard the conversation and told him Drag their asses to court under a confidential complaint. I told him but there's is a startup that's bootstrapped
And he doubled down. That's their problem, not yours. I am a VP of finance and I'd never delay salaries for some shitty overheads especially during the holidays when people are out shopping and spending their hard earned cash. If he can't manage money, he doesn't deserve to have a company. It's your money you are not asking for a loan or borrowing it from anyone.I'm telling you file the complaint on that bastard. Force his hand to pay you.
Mirin dark triad Machiavellianism
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