This whole time, I'm surprised everyone's remained unphased by the Spongebob memes on WkrRiot's Facebook page.
Scammed By A Silicon Valley Startup
601–610 of 619 posts
Re: Scammed By A Silicon Valley Startup
#602Earlier quoted context omitted.
Let's recap: A bunch of people were complaining about Penny's not naming names. I pointed out that she didn't do it for a reason. For her to do so could be very costly. I said that if people really wanted her to talk, they should offer to share in the costs by putting together a legal defense fund. You then responded by saying I couldn't be serious, and talking about "this person" (presumably kelukelugames) and wheth…
"The reason I objected is that when people take a gift and are immediately critical that the gift was not larger, it discourages the giving of gifts. If we want more whistleblowers, we must make sure their experience of whistleblowing is a positive one. If all they hear is, "Y U NO GIVE MOAR", that is not a positive experience. I think it's particularly important here because this instant entitlement is a perennial p…
That you cannot see the relationship is not proof of no relationship, especially given your repeated struggles understanding my posts. And even if there were no relationship, my fondness for whistleblowers would have been enough to motivate the comment.
Re: Scammed By A Silicon Valley Startup
#603Earlier quoted context omitted.
I did not in fact demand anything. I said explained a way that people could make whistleblowers more comfortable if they really wanted more information public.
Okay, great. Thanks for the contribution in telling anyone that if they want to know information they should offer a stranger six figures. Great contribution. I was clearly wrong.
You have really gotten the gist of my point. Good job, random anonymous internet dude. I am so relieved to finally be appreciated.
Re: Scammed By A Silicon Valley Startup
#604Earlier quoted context omitted.
Disregarding everything else pointed out in this thread, there's also the part where the website for the older name of the company, 1for.one, still lists Penny Kim as the Marketing Director: http://web.1for.one/digital-press-kit/ And, just in case they now decide to remove that, I also saved it to the wayback machine, available here: https://web.archive.org/web/20160829104022/http://web.1for.o... So good try, scumbag…
On their new site, the screenshot under the "HOW IT WRKS" section still references their old company name;"1for.one": http://www.wrkriot.com/#tour-section
Re: Scammed By A Silicon Valley Startup
#605The fake wire transfer receipt is fraud. That's a criminal offense. Have a talk with the local DA. California has a large prison system, with cell space available. I've never heard of a startup going that far.
What they did is felony forgery under California law.
Re: Scammed By A Silicon Valley Startup
#606The fake wire transfer receipt is fraud. That's a criminal offense. Have a talk with the local DA. California has a large prison system, with cell space available. I've never heard of a startup going that far.
What they did was felony forgery under California law.
PENAL CODE SECTION 470-483.5
One felony count (anything over $950) is 16 months minimum. I have no idea what the formula is for multiple counts.
Re: Scammed By A Silicon Valley Startup
#607Earlier quoted context omitted.
Eh, I can see that going both ways. As far as fluidity is concerned, stocks in a small, private company may as well be worth $0 since you can't pay rent or buy groceries with them. Nice gesture on your part though: still didn't deserve mockery. Hopefully it was just their fear talking. :)
well, a few months ago i actually ran into one of the ex-employees, in fact i believe he was one of the main ones who mocked me. he's now working for some small tech company as a web developer. we had a quick 10 minute chat about how life was, but in a moment of pettiness, i took the last minute as an opportunity to kind of mock him back. the conversation was kind of winding down, and i said "hey by the way, no hard…
You sound like a kind, empathetic guy
Re: Scammed By A Silicon Valley Startup
#608Earlier quoted context omitted.
It is a big deal, running a business requires following the law. There is no special "startup" case where you're allowed to be loose on your obligations. Accurate payroll costs somewhere between $50-100 per month per employee with dozens of great vendors available. This is an incredibly trivial cost (especially compared to the fines for breaking these laws) and means there's no excuse to not have things in order. If…
"It is a big deal, running a business requires following the law." Again - I would suggest that maybe you have never started a company or done payroll, or paid anyone yourself. It is not required to have 'payroll' to pay individuals for services rendered, nor have properly managed books. I once created a 'side company' to manage some IP. The company had no employees. All participants (there were five of us over time,…
I know that things are different in Canadia, but in the US you appear (up thread) to be conflating W2 employees and 1099 contractors. Yes, you can pay the latter as vendors - because that's what they are. No worries about vacay, health benefits either.
I would suggest that your little side gig did not provide you panoptic insight.
Re: Scammed By A Silicon Valley Startup
#609Earlier quoted context omitted.
An honest CEO would have awarded stock in lieu of pay.
as an ex-CEO who offered stock to employees in lieu of pay because my startup was running low on funds, it was all rejected. i later found out when i left the room, some of the employees actually mocked me and made it seem like i was just trying to scam them. one of them said something like "he's offering us stock in a company that is basically worthless, does he think we are idiots?" just to be clear, the company wa…
What's the name of the startup you sold if you don't mind sharing.
Re: Scammed By A Silicon Valley Startup
#610This is Charlie. I met the CEO (not sharing his name, though it is in this thread) through his brother in law, Jay. Jay worked with me at a prior company. He was a data scientist and factual. He mentioned his brother in law came to Silicon Valley to do a startup having made some money as an investment banker. As we talked, the CEO stated he is putting in $2M to fund the startup in November. In December, with $400k or…
All this sob story might elicit empathy in some....if it weren't for a detail that affects your credibility - who was handling the books for the company? I'll take - It was Mrs. Brown for the Win, Alex!
The books reflect the above at xero. No statements were made by me or her that led to incorrect expectations. She handled ADP while we had it.
There's not much to do for finance when the bank account is empty and your CEO says there will be more money there tomorrow for awhile. I bridged for a bit and then stopped when I could no longer believe him.