8KjRu5VAAeMBIZm

Joined 10 years ago

Karma
43
Submissions
5
Member since
Aug 29
Throwaway account.
View on Hacker News

Recent submissions

Comment · 9 years ago
Depending on the jurisdiction, the government agent may not be able to ask for the backup.

I only know US border control considerations and they can only legally ask for access to what you have on you when you cross the border. If you are an American citizen (or permanent resident) you can decline, and they may well seize your device(s) but cannot deny you entrance. If you are a visitor to the US they can legally deny you entry if you do not comply with their vague and ever changing requests.

But in neither scenario could they legally demand access to a backup copy: they can only ask for access to items in your possession while crossing the border, otherwise they would need to get a warrant.

Comment · 10 years ago
Late followup…in addition to Edgar/SEC I'd look at Mattermark, Crunchbase and Angelist. Meant to mention them earlier.
Comment · 10 years ago
I did, he held fast to his belief that we hadn't contributed enough to be co–founders nor to get the equity stakes he’d promised when he recruited us. He never raised the money he kept claiming to be raising, and never replaced us with a new team. The startup (if you can call it that) died pretty much when the founder decided to screw the rest of us.
Comment · 10 years ago
As mooreds wrote, I'd start with Edgar and the SEC. I'd also check state records (i.e. are they a Delaware C corp? I should be able to pull public information about the filing, same for most states at varying levels of difficulty).

I used to get annoyed at all of the chest-beating press releases about how much money a company had raised until I realized it was a form of external validation. None of the companies which burned me on equity/funding issues wanted to talk publicly about their fundraising rounds, it was always "we're going to a do a press release, it's just not the right time now". If you publicly state "We raise a $2.5MM Series A from the following investors" I can go out and verify that.

Bonus story: a "company" recruited me hard to be their CTO. Some wining and dining. But a lot of handwaving about the business model and where the funding was sourced from. The founders wanted me to bring their "vision" of social e-commerce to market utilising a proprietary algorithm which would be disclosed to me only upon taking the role. When pressed about corporate structure and funding they eventually disclosed that funding was coming in the form of personal checks written to cover bills as they came in, by the domestic partner of one of the founders. No C Corp, not even an LLC. I declined.

Comment · 10 years ago
I've been burned repeatedly by startups recruiting me for one role which matches my experience/skillset, then after a month or so radically changing the role to one which I'd had no experience with. I get pivoting, I get needing to be flexible, but why would you hire someone skilled in networking operations and four weeks later decide that person need to design/develop your Windows application instead?

I've always been paid, however I now check to see if startups have actually filed the SEC paperwork when they claim to have raised a round, and verify with the investors they claim to have backing from that they've actually invested in the company. One startup I worked for lead the employees to believe we had a solid 18 month runway, when in fact the founders were covering payroll from home equity lines of credit. They didn't actually close the round until a year after most of the initial employees left as payroll became erratic.

Another startup I worked for on the basis of a handshake...never do that. After a year of developing the company's MVP the founder formalized the structure and equity of the company, cutting the four early employees out as co–founders and reducing our equity from 2% to 0.5%. As were were all working on handshakes, none of us had legally committed to working for him, so we all walked away. He lost the MVP since I had the only copy.

The last startup I worked for (and will ever work for), I was recruited by the CEO to come in and build a mixed-discipline technical team in a supporting role. Within a month it became fairly clear that I'd been hired over the objections of pretty much the entire management team, which had I known I wouldn't have taken the role. I was clearly pegged as "a bad hire" which would not have happened had anyone I'd interviewed with spoke up.

Throwaway account…

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton