tixu1990's comments

tixu1990 | 2 years ago | on: An investor is offering to fund severance for three of my employees

We closed the round two months ago. I just brought on 3 employees. It's not diluting me or costing me anything. My employees are exchanging a small portion of their stock comp for this guaranteed severance; investor will wire money into segregated escrow accounts that both me and the employees can see.

In the worst case scenario if the business fails and if my employee has been loyal then they get their 3 month severance. If they leave anytime in the next 2 years, they get none of that money. Money comes to the business instead

tixu1990 | 2 years ago | on: An investor is offering to fund severance for three of my employees

Employees are on board. They see it as not having to worry about security in the worst case scenario where they'll have a small cushion. I like it if it means they're willing to fight until the very end if need be.

And if they quit anytime before year 2, they know that they'll get nothing. Money comes to the company. So they're kind of handcuffing themselves for at least 2 years

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