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Buffer Layoffs

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Re: Buffer Layoffs

#151
post #54

OT: I stopped using Buffer since they've imposed limits on the free accounts. Any suggestions for alternatives?

Is this for a non-profit or a personal project? Or social marketing for something that can make money?

Re: Buffer Layoffs

#152

Earlier quoted context omitted.

Are you saying it is customary to fly people business class in the Valley, rather than coach? Especially for a team retreat?

Are you saying you can fly coach from SF to Berlin and actually still engage in a "retreat"?

I am trying to learn about the business habits in the Valley. I wish someone could inform me.

To answer your question, obviously I am not from the valley, i run my own business, it is quite profitable, i don't do retreats, and i fly quite a bit, always coach. So if i ever organised a retreat, i would expect everyone to fly coach. Hence my question.

Re: Buffer Layoffs

#153
post #95

Earlier quoted context omitted.

They can't just take away equity that's vested to you. And any equity that hasn't vested isn't yours.

The shares are yours, but the company reserves the right to buy them back at the lower of the current price and price you paid for them, which it does when you leave. http://stockoptioncounsel.com/blog/standards-ownership-canth...

Why are you saying something like it is always true when it is only true given a certain clause is present? It says right in your link that that's only possible when your employment contract says it's possible. Seems dishonest of you.

I never saw anything like this when I worked at an early stage startup, and it's obviously something an employee who reads their employment agreement would ask to be taken out. I'd never work at a company with that clause.

Re: Buffer Layoffs

#154
post #95

Earlier quoted context omitted.

They can't just take away equity that's vested to you. And any equity that hasn't vested isn't yours.

The shares are yours, but the company reserves the right to buy them back at the lower of the current price and price you paid for them, which it does when you leave. http://stockoptioncounsel.com/blog/standards-ownership-canth...

This is necessary for stock options to work properly. The whole point is to make sure people want to stay and make a profitable company, not that they ditch the instant the stock passes some threshold.

On the other hand, this can lead to disaffected employees who are only staying with the job because they are waiting for their options to mature.

Re: Buffer Layoffs

#155

I'm curious as to why they had 94 employees. That seems like an insanely high number for a company that does something pretty basic (not dumping on the product, I like it and have used it in the past). What are all of those people doing?

> That seems like an insanely high number for a company that does something pretty basic

If you simplify a company enough, every company is "just" "simply" "basic".

examples: * Walmart is the largest employer, but stocking shelves w/ automated checkout is pretty basic.

* USPS, FedEx, UPS DHL basically just deliver packages from one place to another.

In reality a large sales team helps you grow, a large customer support team keeps churn low, a development team creates new products, and a marketing team turns those into sales.

Re: Buffer Layoffs

#156

Earlier quoted context omitted.

Are you saying it is customary to fly people business class in the Valley, rather than coach? Especially for a team retreat?

Are you saying you can fly coach from SF to Berlin and actually still engage in a "retreat"?

considering coach tickets are more than half the price, I don't see why anyone would not buy them.

Re: Buffer Layoffs

#157
post #153

Earlier quoted context omitted.

The shares are yours, but the company reserves the right to buy them back at the lower of the current price and price you paid for them, which it does when you leave. http://stockoptioncounsel.com/blog/standards-ownership-canth...

Why are you saying something like it is always true when it is only true given a certain clause is present? It says right in your link that that's only possible when your employment contract says it's possible. Seems dishonest of you. I never saw anything like this when I worked at an early stage startup, and it's obviously something an employee who reads their employment agreement would ask to be taken out. I'd neve…

>>> "Some startups"

Re: Buffer Layoffs

#158

This may be a little cynical but: "With our culture of bringing our whole selves to work and seeing team as family, with shared values we live by,..." In the American business world, you are an employee until you aren't. Confusing being an employee with being "family" is a mistake, both for the company and the employee. When times get bad, companies do what it takes to survive, including throwing employees overboard.…

So how do you account for companies like ours when, during hard times the CEO and CTO took no pay for two months so that they could continue paying employees? Or by offering employees the same class of stock as the founders with the same voting rights etc...?

Would your CEO give up his life savings to pay your medical bills? Would he risk his life for you?

Re: Buffer Layoffs

#159
post #102

Earlier quoted context omitted.

I'm unclear as to whether this was meant to be sarcastic or not. My point is this: Children have a certain nature; part of being a child is development of the ability to regulate one's emotions. Loving, thoughtful parents will (hopefully) learn about such things, such as Dr. Porges "Polyvagal Theory" and then be able to help their children with this process. I am not suggesting that people should abandon important re…

No sarcasm at all. Child abandonment is clearly bad for the child and can see the parent thrown in jail. Adoption is the better choice for both parties. I think you perhaps missed the broader point though. If you're raising children as servants to take care of you when you're old, then yes, self-interest is a good reason to keep them around. They will also likely act in their own self-interest and ditch you. Otherwis…

> If you're raising children as servants to take care of you when you're old, then yes, self-interest is a good reason to keep them around.

I suggest you read GP a bit closer and/or work on when and how to apply your sarcasm :-)

For starters you conveniently leave out both religious as well as purely selfish evolutionary motives.

Re: Buffer Layoffs

#160
post #86

Earlier quoted context omitted.

I recommend thinking carefully about what is to your long-term self-interest, and then acting accordingly. That would include not creating children if you and your partner are not certain that you want them and will do what is required to raise them in a peaceful, loving and rational home.

I can't explain why you're wrong about kids and self-interest. It's something you have to experience for yourself. You may have an epiphany about the 50th time you yell "watch out for that car". I swear she _wants_ me to have a heart attack.

I do have some experience with parenting. I have three children, in their 20s and 30s at this time. All are doing very well, and we are all on good terms with each other.

With respect, I think our different views may be the result of a different understanding of what it means to truly be self-interested. In my view, it's nothing like being a greedy bastard who only cares about sacrificing other people to himself, being a manipulator, being miserly, etc.

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