6 ms·
Anyone know the reason why? I'm not asking because the popcorn factor but rather to understand if there's something fundamentally broken about the concept & com
by newman314 15y ago
Anyone know the reason why? I'm not asking because the popcorn factor but rather to understand if there's something fundamentally broken about the concept & company.
- tptacek 15y agoUh huh. "I was thinking about changing banks, but Dave Fayram left the banking startup I was thinking of using, so I think I'll stick with Chase". Pretty sure this is a popcorn topic and nothing more.
- Goronmon 15y agoYou don't think the Lead Engineer leaving a company not long before it's launch is not something to be worried about?
- tptacek 15y agoBecause, no way is a message board full of geeks going to come up with a way to justify drama!
- jrockway 15y agoNo? Programmers get better offers all the time. Why make less money at an uncertain startup when you can make more money somewhere that has a certain future? I have no idea that this happened, but people leave for reasons other than "the product sucks". In fact, I would guess that compensation and getting along with your coworkers are much bigger factors.
- paulitex 15y agoFWIW, it certainly doesn't sound like it was for a better offer. He's actually on the market right now: http://twitter.com/#!/KirinDave/status/70222704883662848 http://twitter.com/#!/KirinDave/status/70222704883662848 http://twitter.com/#!/KirinDave/status/70221497888808960 http://twitter.com/#!/KirinDave/status/70221497888808960
- tptacek 15y agoSurely, if it's Important to understand why Dave left BankSimple to understand the health of the company, it must also be Important to know what kind of offers Dave has on the table now. Surely this isn't just drama!
- Goronmon 15y agoI personally could care less about his offers. I honestly don't even care about the person in question (no offense, heh). And for most startups this type of stuff wouldn't bother me. If this was a twitter clone, I doubt anyone would care. But when it's a startup whose sole job is to handle and store money, I think it's worth being a bit more paranoid of the goings on within the company. You may disagree, but that's my line of thinking on the subject.
- tptacek 15y agoGive me a break. You don't have the slightest clue who's doing dev work at the companies that handle your money today. PayPal probably loses a lead dev once a week; nobody writes threads about that. This is just a nugget of drama small enough for people to get their nerdy little hands around and hacky-sack across HN. It doesn't help that Dave's someone a lot of people here know. This isn't as big a deal as I'm making it sound, but I don't like arguments that insult our intelligence.
- cliq 15y agoThis is like talking about 2 people... that are actually in the room... listening... standing next to you.
- KirinDave 15y agoIt is flattering to be under such scrutiny. I feel as if the slightest motion of my fingertips could send startups spinning into chaos. Would my medical records and long-form birth certificate be of any use? My cancer history might change how you want to invest your money.
- smackfu 15y agoMy concern would be "gee, hope he wrote good documentation."
- nevinera 15y agoI sincerely doubt the code is even 5% of the effort that went and is going into making this company. They're building a product in one of the most heavily regulated sectors in a market with an enormous barrier to entry. Dumping the entire codebase and starting from scratch would probably take only a few months, except that the new code would likely have to be re-certified by a dozen agencies.
- al3x 15y agoI'm the CTO of BankSimple. I can confidently say that there's nothing fundamentally broken about the concept or company. BankSimple wasn't the right place for Dave, but he's a brilliant programmer – seriously, one of the best I've ever worked with – who will end up doing great things no matter where he ends up. I'm really grateful that we got a chance to work with him. To be clear: this is not the easiest business in the world to start, particularly given the slow-moving pace of the banking industry, regulatory burdens, etc. But we've been making substantial progress, and we have a growing team who do fantastic work. You are, of course, free to be skeptical of how I present the state of our company because it's in my best interest to put a positive spin on things. That said, it's also in my best interest to be open, because we know that many of our early (potential) customers are coming from communities like this one, and building trust is critical for our success.
- KirinDave 15y agoIt is almost like we are professionals. But be careful, Al3x. Being professional about these sorts of things generates almost no News Forum Karma, which as we all know is a critical resource for startup fund raising. I suggest you edit your post with a few tactical emoticons.
- dusklight 15y agoErrr ... can you explain the reasoning behind your reply? Did you feel that the average reader would not be intelligent enough to notice that you did not actually answer the question? (why did Dave quit/was fired). If anything your post has gotten me to trust your service significantly less, because it looks like you think you can get away with duping potential customers with some polite doublespeak. Can you explain how it is you are being open when you did not in fact answer the question?