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Tell HN: I'm Afraid We're Shutting Down

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Re: Tell HN: I'm Afraid We're Shutting Down

#73
post #5

> Several prominent organizations have indicated their interests in me assuming a leadership role. I need to work, and I need to continue my work. Take the job so you dont starve, and so you can begin to rebuild. It's not time to shut the doors, it's just time to take a knee and get your game plan together. It ain't over yet, it's just halftime. This will help: https://marker.medium.com/reflecting-on-my-failure-to-bu…

Not OP but is exactly what I needed to read for my own project, thank you. I’ve been searching for this. It’s hard to find discussions about the real downsides of using VC money. For instance, what happens when growth fails? Do you lose ownership of the business? From reading this, the answer seems to be: Kind of, yeah. You have to buy your way back. Another one: What happens if you want to do something extremely ris…

> It’s hard to find discussions about the real downsides of using VC money

maybe because this is a forum, that belongs to the most prominent VC in the world?

> For instance, what happens when growth fails? Do you lose ownership of the business?

nothing, besides losing trust in your business’s ability to succeed, therefor not putting any more money in it

consider this: VCs are typically in hundred-million ranges, $500k for them is a rounding error, they only care about those companies that can show the promised growth

> What happens if you want to do something extremely risky?

that’d be actually great

more risk = more reward

> My project is a game

a thing about which no VC in the world cares

unless you promise it will become a “Metaverse”

> I can’t imagine that would receive creative encouragement

that’s not what you need a VC for, you need a VC for two things only: their money, their connections/status

Re: Tell HN: I'm Afraid We're Shutting Down

#74
As a current prisoner who is yet to be released, let me say thank you for everything you've done.

I've spent the last 9 years around felons and it is sad as most of them never had a chance in life, being born either into an environment that practically guaranteed incarceration, or being born with mental health issues that this nation fails to treat and instead incarcerates.

Re: Tell HN: I'm Afraid We're Shutting Down

#76

Sorry to hear. Sounds like a great service. But curious about this... > When the economy and job market began storming back, we were inundated with inbound requests for our services. Our perseverance seemed to be paying off. Except now we were hit with a new gut punch: “The Great Resignation.” Now our workers were reticent to come back to work. And if they did accept a job, they’d often leave after only a few days. W…

Probably because the wages are very low and the work loads way too high. Some link: "How the current worker shortage is really a wage shortage" https://www.nynmedia.com/content/opinion-how-current-worker-...

"It’s not a labor shortage — it’s a wage and workers rights shortage" https://thehill.com/opinion/finance/570441-its-not-a-labor-s...

"Our employment system has failed low-wage workers. How can we rebuild?" https://www.brookings.edu/blog/up-front/2020/04/28/our-emplo...

Re: Tell HN: I'm Afraid We're Shutting Down

#79
post #52

Earlier quoted context omitted.

Perhaps, but unless you want a permanent under class of people unable to find real employment, there needs to be an on-ramp. Either someone is too dangerous to have in public (which case they should still be imprisoned), or they have served their sentence and their punishment is over.

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