Getting Scammed by a Startup
Reading Penny Kim’s Article I Got Scammed By A Silicon Valley Startup today on medium, I was reminded of my own experience with ‘Startup’ culture and the business death spiral.
First of all, I’ve wrote about this 11 years ago. It was a pretty terrible experience that was definitely similar to Kim’s experience with an unknown statup.
She wrote:
Between July 21 and Aug 8 we would be told, every day, that our paychecks were coming. The first few days we were told that physical checks were on UPS trucks. They never came. Days after that we were told that the UPS checks were cancelled because they must be lost and Michael would be personally wiring each of us the money. He asked us to write down our bank accounts and routing numbers. Every day, he would be at the bank moving assets around, wiring funds and promising delivery dates that never came.