Anyone left their job within a month or two?
What happened there?

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Wasn’t what it was promised.

Went to a startup, CEO was claiming they had a $40m valuation. I got there and realized it’s a bunch of people who had absolutely no idea what what they were doing trying to sell an Excel spreadsheet to customers for astronomical amounts. They were in way over their heads.

One of the investors asked me what valuation I would give the company, I told him $6m, if they were lucky.

A clear sign of inflating earnings to look good.

CEO called me in to discuss concerns with the conversation and tried to convince me that their value was going to sky rocket quickly and asked me to stay to help clean house. I gave my 2 weeks and told him the first person that would have to go would be him.

The investor that I spoke with called an emergency meeting with the other investors and the CEO and COO where they did a full review of the valuation of the company…investor told me the CEO was sweating bullets when he was justify the earnings multiplier. They left the meeting suggesting my valuation was closer to on target.

Wish I could say the company is doing great and investors are happy but most the investors felt like the CEO had been manipulating them from the beginning and are taking him to court. Most the investors aren’t friends with each other anymore either.

Really messy, moral of the story, be honest in your business dealings this CEO legitimately went through the thought process of: “hire a programmer and then hire a sales guy” Expecting the ship would, eventually, right itself and smooth sailing. Obviously, they were wrong.

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