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I'm sorry to hear this. However... > What questions should we ask our founders that'll help us build confidence that the company's financials are in a reasonab
by antr 9y ago
I'm sorry to hear this. However...
> What questions should we ask our founders that'll help us build confidence that the company's financials are in a reasonable shape?
... there is no question you can ask anyone that will help SoundCloud from burning money. Building confidence is just an act of faith, but this won't solve the underlying issue that SoundCloud does not have a viable business model, at least, with it's current corporate structure and business model. Don't get fooled by cheerleading VCs and CEOs, it's the oldest trick in the book. Always at the expense of employees and other stakeholders.
Many people join startup-land with the impression that these multi-(b)million, VC-funded companies are as safe as joining other old-school corporate companies which apparently are going to be disrupted by those very startups. Some other people joining startup-land are aware of this issue, and they will be the first to jump ship. All I can suggest is that you start looking for other opportunities, just in case. Do not get fixated on the back pay date, etc... just move on.