Comment by ubermonkey
4 hours ago
Years ago I interviewed at a company that later became infamous owing to a series of posts on TheDailyWTF (https://thedailywtf.com/articles/Virtudyne_0x3a__The_Foundin...).
It was... weird. I had a friend who was working there, and I needed a gig. At the time, in the city I was in, this constituted a pretty big advantage.
The role would've been customer facing but technical, which is where I've spent my career. I answered some reasonable panel questions, and then they had me give a preso on any technical topic I liked. I'm good at that, so I aced it.
Then we got to other questions: specifically, questions from me.
"Are you currently profitable?"
They were not. This, in and of itself, isn't a problem, but it leads to the next question.
"At your current burn rate, how many months of operating cash do you have on hand?"
(murmuring) "Two, but our founder funds us as we need it."
"Are there specific milestones that are tied to additional capital infusions, or any formal agreement, or is it all just at his discretion?"
"It's discretionary but he's very committed to the company."
Having already had negative experiences with one-rich-dude companies, I thanked them for their time and left. I was VERY surprised when they called me a couple weeks later to MAKE A SERIOUSLY LOWBALL OFFER, which I literally laughed at. At least the dude who made the call seemed to understand the company was insane.
My friend jumped ship shortly after. He had more tolerance for Weird Startup Shit because of family money, but it got too weird even for a guy who didn't need the income, if that tells you anything.
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