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What being ripped off taught me

belief.horse

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Re: What being ripped off taught me

#161
post #57

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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…

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Re: What being ripped off taught me

#162

Earlier quoted context omitted.

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…

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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.

Re: What being ripped off taught me

#164
post #42

Earlier quoted context omitted.

Reads to me like the author is trying to elicit some empathy. It just sounds like he was just fine leaving his family for a job. Not getting paid couldn’t have factored into that decision.

They work within a niche space, as others have said, they follow where the work is, So they are able to charge more which I hope is able for them to survive in modern economy and be able to give more time to their family. atleast that's my interpretation of it of how logic might follow if they are working in niche space, many people seem to be applying the logic onto themselves into completely standard situation, but…

Well and tactfully said, thank you.

Didn’t realize it needed saying but I left the child and did the work in exchange for money I needed (still need) to feed the child.

Many people do this every day. I do it when it makes sense or the conditions require, which is to say I am a WFH contractor who sometimes works on site occasionally.

Re: What being ripped off taught me

#165
post #57

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> NEVER work for a YC founder. I would generalize this to "don't work for someone whose ability to pay is based on a high-risk gamble". There are certainly shady people who can pay but don't because they are greedy avaricious bastards. But there are also plenty of people who would like to pay but whose business venture fails and with it goes their funds. In the author's story, they probably should have concluded fair…

"I'll get you the money tomorrow. I'm heading down to the track to go get it."

Re: What being ripped off taught me

#166
Author - I don't think you learned the correct lessons here.

The most important thing is that you weren't "ripped off" - you were taken advantage of. Ripped off is when you buy a TV that's supposed to work and it doesn't. Or you just don't get one.

You were taken advantage of - which requires your active consent. Nobody made you do all these things for them on faith. You could have left after a few days. You could have demanded payment up front. But you volunteered to continue down this awful path.

I hope you learn to value your time, and yourself, higher than this in the future.

Re: What being ripped off taught me

#167
post #57

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I'd say it's almost something of a rite of passage to get taken advantage of if you're young and working in tech startups. Usually this is in the form of abysmally low pay, along with "Sweat Equity": https://en.wikipedia.org/wiki/Sweat_equity Of course, the startup doesn't go anywhere, and your sweat equity never materializes, so you're left with just the pitiful pay. I went through this in my late teens/early 20's,…

I've been part of 2 startups, 2000 and 2005. In both cases, taking the "more salary and less stock" option worked out to my advantage.

Re: What being ripped off taught me

#168

Earlier quoted context omitted.

I don’t know this for certain, IANAL, but it seems to me if they’re threatening to dissolve the entity, that could open the owners to personal liability. Definitely bring it up with your lawyer.

I believe dissolving a corporation requires you to attest you've paid all debts. If that's impossible, you have to go through the bankruptcy process. If you attest that you've paid all debts but you haven't, now you're committing frame against the government which they really don't like. You could be imprisoned for that.

Is that how it works in China, though, when the debt is owned to someone in the US?

Re: What being ripped off taught me

#169

I have a friend who retired but still does some contract work. They were on salary their whole career and are not used to sending invoices and tracking down payments. One of their clients was late paying and my friend wasn't concerned, but I encouraged them to be diligent about insisting on being paid on time. I have been a freelancer for over a decade and in my experience, the further away you get from a bill, the l…

Just for my own general curiosity, once a bill is overdue, how often do you nag the customer about it? Or does it look more like an escalation process? (Start out with a polite email, then a phone call, then a phone call to their manager/business partner, etc?) Do you ever "fire" customers who always pay, but always pay late and only after they've been reminded 3 times?

Net 30 is a standard way to do this. Lots of examples online on how to add this to your invoices.

Well run businesses will pay you on the 29th day. :)

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