from Hacker News

Loic Le Meur Blog: Tough times. Tough decisions.

by Stubbs on 10/10/08, 9:56 PM with 5 comments

• by tptacek on 10/10/08, 11:17 PM

  Does anybody know what Seesmic's total head count is, how much they've raised and when they raised it, and have a wild guess as to their cash flows? It'd make this a better data point.

  [TechCrunch answered my question for me --- 7 was ~1/3rd of the company, and they raised $6MM a few months ago --- at 180k fully loaded (optimistic), they're now burning ~$3MM/yr, with probably a 1.5 year runway without significant revenue. Sound sane?]

• by ardit33 on 10/10/08, 11:40 PM

  and so it starts.....

  it must suck being laid off. You work a lot, maybe even underpaid, hoping to get something out of the stocks... then bam... you are dropped like hot potato.

  used and thrown away, like a disposable razor, and almost for free. If you didn't work there for more than a year, then no stock options for you either.

  hmmm... I wonder if in the future startups will be an attractive place to work for. The only people benefiting from start-ups are the founders, and VCs.