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ive been in these rooms and heard the conversations, employees are seen as disposable liabilities


YUP

Terms and phrases I've heard verbatim from investors and/or founders:

"There's a thousand ways to screw minority shareholdeers."

"Cram-down" (repeatedly, like it is an ordinary thing to do, effectively repudiating or diluting away entire classes of debt and/or equity)

"I hate to lie, but you often have to." (said as if there is no choice in the matter)

"You have to screw the other guy before he screws you."

"If there's a problem in a joint venture and you put out the resources to fix it, you're the chump."

It is a good idea to not do business with people who say these kinds of things.

It is delusional to think you will be the special one who they actually treat fairly and not be targeted by their greed and lack of ethics.

If you are really lucky, you will escape and find an attny willing to take your case and win a lawsuit and still get to chase them for the judgement.

The only winning move is to not play.

(Not to say there are no honest ones, but it is really getting scarce, and many honest ones have left the biz.)




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