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If I read this well, you are founder & CEO. So, the company under your management burnt 250K in 2 years, produced nothing in 2 years, and kept the CTO for 2 ye
by fasteo 2y ago
If I read this well, you are founder & CEO.
So, the company under your management burnt 250K in 2 years, produced nothing in 2 years, and kept the CTO for 2 years.
Fire yourself and thank your investor for being so naive.
- serjester 2y agoAn investor taking 70% for a 250k pre seed is also indicative of a terrible investor. Those terms are awful for anything in tech. This company sounds incredibly mismanaged, and I’d seriously consider using it as a learning experience and cutting your losses.
- caeril 2y agoYeah it's hard to read this as anything other than "I'm an awesome idea and marketing guy and I partnered with this lowly engineer to build something, which is super easy, and a monkey could do. I paid them an ENORMOUS ($84K) salary and granted them a HUGE (5%) amount of equity, and after saddling them with impossible product requirements on zero budget and failing to find product-market fit, his bad attitude ruined all my awesome ideas. Hacker News plz halp me kick this useless CTO out!" Although the initial plan didn't work out, I can confidently say that kicking out the toxic CTO and throwing another $100k to a different lowly code monkey will definitely fix OP's problems. $100k won't even pay for a proper Shopify migration in 2024, but OP's product ideas are so awesome that they'll change the world, if only it weren't for these toxic 5% co-founder CTOs being paid Burger King Manager wages with their bad attitudes. Who needs introspection when your ideas are just that awesome?
- s1artibartfast 2y agoSomebody's a little bitter
- meiraleal 2y agoReality check is better than tips to keep hustling the wrong way