4 ms·
That sounds pretty grim. 3 months is a looong time to raise the first money. And the CEO should have started fundraising 3-6 months before running out of money.
by tlb 4y ago
That sounds pretty grim. 3 months is a looong time to raise the first money. And the CEO should have started fundraising 3-6 months before running out of money.
It's reasonable for people with founder stock to decide to not pay themselves when money is tight, but not reasonable to stop paying employees (= without founder stock).
If you think the company has a future, insist on founder stock now. Otherwise, there are lots of other promising startups with adequate funding.
- lkuebler 4y agoThe reasons for not getting founder stock (at least it was for them) are: I don't have any titles or smth. similar. It takes 15 days to sign the contracts which is somehow to long for them This is just f** up. I should have left a long time before. But - you always learn it the hard way.