How is it acceptable under any circumstance to not let your employees know until the final hour when you need to shut the doors that the company is facing financial trouble? This isn't a simple 'shit I screwed up'. It shows a fundamental lack of respect and empathy for your employees who expected to show up to work Monday for _your_ company and get paid. Even a simple, 'we are running low on money and be here at your risk' a month out would have been sufficient.
I do wonder if VCs need to require first-time founders go through a crash course in Business, Finance, and Ethics 101.
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How is it acceptable under any circumstance to not let your employees know until the final hour when you need to shut the doors that the company is facing financial trouble? This isn't a simple 'shit I screwed up'. It shows a fundamental lack of respect and empathy for your employees who expected to show up to work Monday for _your_ company and get paid. Even a simple, 'we are running low on money and be here at your risk' a month out would have been sufficient.
I do wonder if VCs need to require first-time founders go through a crash course in Business, Finance, and Ethics 101.