Re:Is It Possible to Be Both a Founder and a Daddy?
by floody-berry on Monday May 27, 2013 @09:40AM
(#5774592)
A comment he made on the article:
> In fact, twice we actually had negative cash (ie, far more debt owed to the bank than cash) and struggled to even make payroll or cover rent. At one point we had to layoff over half of our employees and make payroll by taking an advance out on a credit card – that was just before my wife gave birth.
I guess being a wealthy founder with a family is a sound idea, but being employed by one, not so much.
> In fact, twice we actually had negative cash (ie, far more debt owed to the bank than cash) and struggled to even make payroll or cover rent. At one point we had to layoff over half of our employees and make payroll by taking an advance out on a credit card – that was just before my wife gave birth.
I guess being a wealthy founder with a family is a sound idea, but being employed by one, not so much.