3 ms·
Not part of The Valley and not in the sexy start-up space but it happened to me when I sold my company. They wanted us to meet minimum revenue numbers for 2 ye
by c17r 9y ago
Not part of The Valley and not in the sexy start-up space but it happened to me when I sold my company.
They wanted us to meet minimum revenue numbers for 2 years but month after month they (A) wanted to take the bulk of our available time to do their needs and (B) certainly weren't going to PAY for any of that work. Pointing out the incongruent mandates were met with ignorance or "we'll figure it out later" with no later actually happening.
My co-founder and I left as soon as we could and never looked back. Fortunately our earn out wasn't an all or nothing, so we hit a bunch of the milestones and got the bulk of our money. Still a little bitter over the whole thing.