tombert
last Monday at 8:03 PM
Back in 2015 I worked for a startup. I turned down a job at a more stable company because this startup had me doing Erlang and I really wanted to work with that.
The job worked fine for about six months, and then one week my paycheck (which usually was on the second and fourth Wednesday of the month) wasn't in my bank account. I go the CEO of the company and mention this and he said something like "Oh yeah, something got fucked up with payroll man, don't worry we'll give you a double paycheck next time, with interest man".
I was young enough in my career to just accept that, and so I waited two more weeks and again, no money in my checking account. I confront the CEO about this, and he says the payroll stuff is still fucked but don't worry man I got you, next paycheck will be a triple paycheck, and an extra two grand for everyone.
Two weeks later, the building's doors are locked, and none of us are able to get into the building. One of the other engineers called one of the investors and apparently the CEO "could not be found", and all of us were laid off on the spot.
This began one of the worst times in my life. I was already not the best at managing money, and because I had naively believed him about eventually getting all my backpay I hadn't been saving especially. I hadn't been conservative with my money, and I had gone a month and a half without a paycheck, and as such I was completely broke.
This led to a lot of terrible stuff happening; my landlord filed a lawsuit against me for back rent, my wife started having medical issues with her eye and we didn't have any insurance or money so we couldn't get it looked at, and I had to call a friend and beg him to loan me $400 to pay some bills and so I could get groceries. He's a very good friend, and he did help me out and I did eventually pay him back, but it was unbelievably depressing to me.
The part that sticks out to me was when I had to fly to Seattle for an interview with Amazon, and while they would happily reimburse everything for the trip, I realized that I didn't have enough money on my debit card to do the "pre-charge" thing that hotels do, and my credit card was maxed out. I was afraid that I was going to be stuck being homeless in Seattle for two days because of an interview that I knew I would not get, and I felt so bad that I let my life get this way. Fortunately in this case, I was able to call my mom once I got there, lied and said I "lost" my credit card and I was able to get her to call in a credit card to the hotel, so I wasn't homeless, but that didn't occur to me until about five minutes after I arrived at the hotel.
Eventually I was able to get my stepfather-in-law to loan us enough money to get my landlord to drop the lawsuit, and eventually I found the job at Jet.com, which was a great job that paid well and ended up being a huge stepping stone in my career and where I met a ton of ridiculously smart and cool people that I still chat with to this day.
I will never forgive that CEO for that period of my life. While it did end up working out, I still occasionally have nightmares about that time in my life, and how upset I was, and how I wouldn't wish that feeling of worthlessness on my worst enemy. In some senses I'm kind of grateful for the experience because it did really force me to grow up and learn how to take care of myself, but ultimately I still wish it hadn't happened.
This wasn't YC, but it was still a VC-funded megalomaniacal CEO, which is why this reminded me of it.
marcus_holmes
yesterday at 2:29 AM
During my MBA we were taught about the FedEx founding story [0].
The founder of FedEx got low on cash. So he took all the remaining cash (including what he owed in payroll) to Vegas and gambled it. And won, and paid his staff, and the rest is history.
We were taught that this was a great example of "entrepreneurial hustle". I was horrified.
How many founders copied this lesson? How many employees couldn't pay their mortgages because the CEO had learned the wrong lesson from this story?
This kind of nightmare irresponsibility needs to be punished, not glorified.
[0] https://en.wikipedia.org/wiki/FedEx_Express: "However, the company began to experience financial difficulties, losing up to a million USD a month. While waiting for a flight home to Memphis from Chicago after being turned down for capital by General Dynamics, Smith impulsively hopped on a flight to Las Vegas, where he won $27,000 playing blackjack. The winnings enabled the cash-strapped company to meet payroll the following Monday. "
blitzar
yesterday at 6:40 AM
The grifter that teaches this as a great example of "entrepreneurial hustle" as part of an MBA programme is the real hustler here.
short_sells_poo
yesterday at 10:05 AM
It's actually unbelievable that this would be taught as anything but a cautionary tale of survivorship bias.
The FedEx founder got lucky. The countless others who tried a similar gamble didn't and unfortunately their story doesn't seem to be taught because "desperate founder gambled the employees salary and lost" just doesn't have the same ring.
tombert
yesterday at 3:36 AM
I've heard that story, though I always kind of thought it sounded like bullshit. Obviously I have no way to prove that, I guess I'm just usually skeptical of gamblers bragging about their big winnings.
But yeah, even if it is true, then it's hardly a good lesson. "CEO took all remaining money to Vegas" isn't exactly something to idolize.
27k isn't big winnings in the gambling world.
meindnoch
yesterday at 10:10 AM
Why was your mom your last resort? And why did you lie to her?
Is this that American thing, where kids move to a different city at 18 and only visit their parents once a year for Thanksgiving?
I'm in pretty much daily contact with my parents and siblings. They always know what I'm up to, what my financial situation is, and they would be my first contact in case of any difficulties.
tombert
yesterday at 3:47 PM
Long story I don’t want to get into; suffice to say that while I am fairly close with my parents now, I was not at that particular time.
Barbing
yesterday at 6:54 AM
Rough. Thanks for sharing that.
thaumasiotes
yesterday at 12:18 AM
> and then one week my paycheck (which usually was on the second and fourth Wednesday of the month) wasn't in my bank account. I go the CEO of the company and mention this and he said something like "Oh yeah, something got fucked up with payroll man, don't worry we'll give you a double paycheck next time, with interest man".
> I was young enough in my career to just accept that
This reminded me of two much smaller-scale events from my personal life:
1. I engaged a Chinese tutor. After several weeks of lessons, one day I found that I had forgotten to bring my wallet to the lesson and couldn't pay her. I considered this a huge faux pas, but she treated it as a non-event, brushing it off with "no problem, just pay me next time". (Which I did. The inability to pay that week was just an accident on my part.)
2. Living in China, I arranged for someone I knew through a board game club to help me order an air purifier online. She would buy and receive the air purifier and then hand it over to me.
She notified me that she had received the air purifier and I went out to pick it up from her. We had a short conversation and I took it away. As I was riding home, I got a message from her: "It seems we both forgot the money."
So I offered that I could either come back right away to hand over the money, or give it to her the next time I saw her (presumably at a meeting of the club). She wanted me to come back right away.
I did, because obviously I have the obligation to pay for my thing. But in that case I was slightly hurt by the implied lack of trust.
---
The incident with the tutor occurred in a context where I had already built up some payment-related trust, so I can understand why things happened that way.
galaxyLogic
yesterday at 5:54 AM
Maybe she just needed the money. Paying later always has the risk that it will never going to happen. And she helped you, did she get anything in return?
thaumasiotes
yesterday at 8:02 AM
I baked her a pie about once a week.
tombert
yesterday at 12:39 AM
Yeah, an issue with startups, especially extremely small startups, is that you often become very close with everyone. This isn't inherently a bad thing, it's good to like your coworkers, and when the startup does well it's kind of fun to trade "war stories" after the fact.
The problem is that if/when the startup goes bust, it is a double whammy; not only do you lose your job, you feel betrayed by someone who has become a close friend.
I liked this CEO, he was a really nice guy (until he apparently ran away with money), and since he had become (what I thought was) a friend, I felt inclined to believe him when he deflected my questions about the paycheck. Obviously I was wrong to trust him, but I was in my early twenties and hadn't become the cynical old man that I am now (and that I am actively trying to fight against now).
I used to blame myself for being so naive and believing him, but I don't anymore; being trusting and assuming the best of people isn't a disability. The guy lied to me, he's at fault, I'm not at fault for trusting someone that I thought was a friend.
fakedang
yesterday at 6:18 AM
Just happened with my dad, with one of his rental tenants. One of them lost his job (didn't get the job after the probation period), so he had booked a flight back home. Except because of the war in the Middle East, the flights were delayed constantly so he couldn't go back - and given that his flight was on a budget airline, it would take ages until normal operations resume (they still haven't resumed). The guy kept telling my father that he would pay once his ticket was booked, up until the very last minute when he revealed that he was broke and could not pay, burnt bridges and all. He incurred a significant expense after booking a flight with a non-discount carrier airline.
The irony was that had he revealed that he was broke from the start, my father wouldn't have minded as much about the rent (he has forgiven rent in such cases in far too many situations), but would have also helped him get the ticket for cheap.
spoiledyckids
yesterday at 2:31 PM
[flagged]
dangsabitch
yesterday at 2:30 PM
You're gonna lose that building, daddy's boy lol
aaztehcy
yesterday at 6:54 AM
[flagged]
luckyyou
last Monday at 8:17 PM
[flagged]
tombert
last Monday at 8:23 PM
No argument that I was extremely fortunate to have the people I was able to reach out to and get help from. My friend, my mom (though she didn't actually spend any money in this case, just called in a credit card for the hotel prebill), and my stepfather-in-law made what would have been an extremely terrible situation to just a very terrible situation.
I'm sorry you don't feel like you get the help you need, though I think just based on this comment you would benefit from talking to a therapist. This isn't a dig, I see a therapist.
yeahookbro
last Monday at 10:02 PM
[flagged]
tombert
last Monday at 10:12 PM
Therapy is much more than just bitching about your problems, and I'm afraid that if you think that whining on Hacker News is going to do anything to help you, then you're either deluded or stupid.
I also don't know what "you types" means? My parents were super against therapy and wouldn't let me go to a therapist or psychiatrist. I sought it out when I was 26 years old.
lolforreal
last Monday at 10:37 PM
[flagged]
tombert
last Monday at 10:41 PM
I think what's sad is to find a long post about being ripped off by a startup and then using it extremely tangentially as an excuse to try and tell everyone to feel bad for you. "Woe is me, I would try to do something to improve my life but alas all I can muster is typing on a keyboard to a bunch of uncaring strangers on an internet forum full of software engineers."
I don't really know what I should be "aware" of; I stand by that you should consider seeing a therapist, because clearly you are dealing with some stuff that is far beyond the scope of what you're going to get on Hacker news.
I probably am mentally deprived in some way, but at least I'm self aware enough to actually try and improve my life instead of, you know, bitching about how the world is rigged against me.
Also, I find it telling and cowardly that you keep making throwaway accounts instead of owning your opinions. I can't say that I think you really stand by your convictions.
tomtard
last Monday at 10:58 PM
[dead]
tombert
last Monday at 11:05 PM
Gotta admit that I do like the name "tomtard", I might steal that.
Yes, I'm the idiot in this conversation. Clearly the pinnacle of intelligence is someone going on Hacker News and interjecting a weird thing about how no one cares about them and how the world is rigged against them.
The problem is that I'm so stupid that I didn't realize the immense genius of such a maneuver, and as such the shear magnitude and girth of your intelligence went over my tiny head. Some day I hope to have even 1% of your giant brain and maybe then I will have the intelligence to bitch to strangers about how the world hates me and that therapy is stupid, but alas I fear I am not ready for that yet.
Oh by the way, it's still cowardly to keep making throwaway accounts because you're too much of a wuss to actually own what you say.
yallknowme
last Monday at 11:22 PM
It is rigged, and everyone knows it.
Ivy League is supposed to be the “pinnacle of intelligence” but it produces only fraudsters and hacks.
Talentless idiot retards like yourself who can’t wipe their own ass without their mommy.
tombert
last Monday at 11:32 PM
I didn't go to an Ivy League school. I was a college dropout (dropping out from a perfectly-fine-but-not-remarkable state school) for the first decade of my career, and my degree now is from WGU, hardly some elite fancy school.
I assure you I can wipe my own ass without my mom's help, and I haven't needed any financial help since that episode where I asked her to call in a credit card so they could do the pre-bill at the hotel, which again didn't actually cost any money.
You are really stretching this because you really want to be a victim and you really want to paint me into some yuppie trust fund kid, when that simply isn't the case. Sorry, life is more complicated than stereotypes you saw on television as a child.
Everyone knows it's rigged, but the amazing part from your comments is that it's rigged specifically against you. You said as much in your first reply. That's amazing. You're a very special person, the entire world has conspired to specifically make your life bad.
I may be an idiot, but at least I'm not a coward like yourself.
thereitisfolks
yesterday at 12:30 AM
> systemic financial inequality doesn't exist, people just like being victims
Ok well then I hope your house is burned down in riots and then your family are killed before your eyes, and then I'll just say you want to be a victim since that's the natural response to attitudes like yours
Literally won't even care when it happens, because I'll remember how you thought about it
tombert
yesterday at 12:54 AM
I didn't say that systemic equality didn't exist. Of course it does, you can feel free to go through my post history if you want to see where I've argued that very point in the past. There's a million reasons why there exists inequality, like race, religion, ethnicity, and of course poverty. Obviously things should be done to help with that.
You said, and this is a quote, "don’t know anyone else in the world except for me who doesn’t have any help" which seems to suggest that you are being singled out.
I have no idea about your life and frankly I don't really care. You derailed something in order to complain about how the world hates you, and bizarrely tried to make me feel bad for being able to call my mother to call in a credit number for a hotel pre-bill, and it sure seems like you're trying to make yourself seem like a victim.
If you had your house burned down in a riot and had your family killed before your eyes, then I think you should see a therapist instead of fishing for...whatever the hell it is you're fishing for on Hacker News.
peanutgallery33
yesterday at 2:25 AM
don't know anyone else != they don't exist