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This is just awful. There's owning up to mistakes, which is very "trendy" right now, and then there's being a straight up terrible, unethical, incompetent perso
by xcubed 12y ago
This is just awful. There's owning up to mistakes, which is very "trendy" right now, and then there's being a straight up terrible, unethical, incompetent person. It's a bit gross to reference Ben Horowitz, to try to make this seem like a "classic" startup moment that every startup goes through. E.g., "most companies go through at least two, and sometimes over a dozen WFIOs in their lifetime."
1. "And so I learned that we hadn’t been paying payroll taxes for almost 3 years – a particularly painful thing given I believe in taxes as a means of giving back to society." It's weird and manipulative to throw in how much you believe in giving back to society here. You majorly screwed up oversight of how investment money was being spent to not notice the difference in financials given no taxes were being paid!
"This hurt even more because I’d been paying myself one of the lowest salaries on the team to maximize our runway and support our mission." Again, you're the founder. If you're going to make that statement, at least include that you have a much larger equity stake in the company - you're not sacrificing yourself completely!
2. "Mistake 3: Not being explicit about hacks" should be re-written, "Being Dishonest." Cloaking the language as "hacks" and again referencing PG to make your behavior acceptable - (he says it's ok, it's just really a grey area!)
3. "Mistake 7: Telling a half-truth" should be called "lying." If you still think it's a half-truth, you have NOT learned your lesson. It's not "rule bending." Everyone knows that when you say you dropped out of Harvard, the assumption is that you were some form of degree earning student. Seriously, it wasn't a half-truth if the people you're talking to were assuming something else - it was a lie.
Lastly, NOWHERE do I see remorse for the lives of your employees who you laid off. These people trusted and believed in you, and you let them down. Did these people find new jobs? Did you help them find new jobs? How did you structure their layoff packages? Are any still struggling? Were you able to support their next career moves in some way if not monetarily? Not really mentioned, which suggests you don't really care. You're much more focused on you.
- lifeisstillgood 12y agoI can't really agree with you - I have made many of these mistakes (taxes! Paperwork! Forms!) and it's not out of innate evil intentions. This sort of article is important - if only to remind the next generation not to be so damn stupid. And I can't blame him for his lack of remorse - He seems to have built a valid company employing real people - society has a net win. Did it cause pain on the way - yes. But the people he laid off had a job for the time they had a job. That's about how I measure work these days - it's no less stressful but at least it's fewer nasty surprises.
- efuquen 12y ago>I have made many of these mistakes (taxes! Paperwork! Forms!) and it's not out of innate evil intentions. The only point that is about "taxes! Paperwork! Forms!" is the first one, and even the OP wasn't attributing that to any "innate evil intentions" like you've stated, just incompetence. There is a difference in degree of messing up tax forms for a few years and not noticing that you are not paying any payroll taxes for over 3.
- rwallace 12y agoThis kind of comment is remarkably shitty. Someone performs the extremely unpleasant and stressful task of publicly admitting to his mistakes so the rest of us can learn from them, and xcubed responds by spitting in his face. What's the result going to be if we tolerate this sort of behavior? Well we don't have to guess, it was documented in the original post: most founders are not willing to admit their mistakes in public. In game theory terminology, xcubed's comment is called responding to cooperation with defection. In plain English, it's called being an asshole.
- king_jester 12y agoWhen someone does a bunch of shitty things that directly affects the lives of others, anger is a wholly reasonable response. While it's nice that the OP is being open about mistakes, you don't deserve a pat on the back for telling the truth, it's the default behavior we expect of people.
- Aqueous 12y agoDo we? Human beings tell half-truths and lies pretty frequently. I bet if you examine the history of your own utterances for the past several years. you'd find that you do, too. There are obviously different scales of truth-telling and deception. "It's your baby." is a lot different than, "Ah - I can't make it. I'm just too tired!" But it's still lying. In fact human lying is so frequent that a lot of the smaller lies we tell to be polite or avoid hurting feelings barely even register as lies, even though that's what they are, plain and simple. Clearly Kant's maxim that lying is permissible under no circumstances is false. In business lying is rampant. You are competing with liars. Marketing is institutionalized lying. People are constantly embellishing the features of their product so that it purports to do something magical when on closer inspection most features are much more mundane. Sales is even more about convincing the person you're talking to that they can't live without something they probably can live without. In other words, being a good liar is pretty much a qualification for the position. Does that make it ok? No. But does it mean our expectations are lowered? Yes. So when someone goes out of their way to come clean and tell the truth at great disadvantage to themselves, especially in business, we should recognize that for the exceptional event that it is. I don't think that makes lying more acceptable - but it incentivizes truth-telling.
- dsugarman 12y agounfortunately I don't think many people would understand what Seth and his team has gone through, and I don't think you could unless you got to a similar stage with a company of your own. what is really awful is that most people only want to hear about mistakes from people who are already wildly successful which is severely limiting your supply of knowledge.
- sethbannon 12y agoI see that you made this HN account only to comment on this post. I've learned that getting into a back-and-forth with anonymous posters on HN is never a good idea, but I'll respond just this once. 1. You're absolutely right. I majorly screwed up here. I say so as much in the post. 2. I think people can reasonably disagree here. An example: a potential customer asks a sales guy during a demo "...and will we be able to export a list of our users?" Answer: "yes, absolutely". The customer signs. The sales person then runs to dev team and says "we need to build this export functionality before they launch". Did the potential customer think that feature already existed? Probably. Is anyone being hurt? I don't think so, so long as the export functionality can actually be built before the customer launches. 3. I was a degree earning student, as I mention in the post, but that doesn't matter. The way I talked about it was wrong, whether you call it a "half-truth" or a "lie". Regarding the employees who are no longer with Amicus, anyone that wanted help finding their next job got it. Everyone that wanted their resumes sent over the YC list got that. And I spent a good part of the two weeks after this happened making intros trying to help people land somewhere they could be happy. The team breaking up was one of the toughest parts of this whole ordeal. Having to part ways with an employee when they're underperforming is hard, but having to part ways when they're doing their job well -- because of mistakes you've made -- is almost unbearable.
- afro88 12y ago> 2. I think people can reasonably disagree here. An example: a potential customer asks a sales guy during a demo "...and will we be able to export a list of our users?" Answer: "yes, absolutely". The customer signs. The sales person then runs to dev team and says "we need to build this export functionality before they launch". Did the potential customer think that feature already existed? Probably. Is anyone being hurt? I don't think so, so long as the export functionality can actually be built before the customer launches. I'm not OP, but you still don't get what's wrong here. You're still lying. Why not say "Not yet, but we have a great dev team and we would gladly add this feature in for you before launch." It's honest, and frankly sounds more impressive to the client.
- dragontamer 12y ago