My friend asked me an interesting question and I figured I would address it here. Has anyone experienced not received pay on time from their employment with a newly formed startup? I’m curious how this plays out in a company’s formative years and am very weary of searching on Google so any input would be greatly appreciated.

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Yes. I took it as a sign of financial troubles. Fast forward a few months, I was right and they shut down.

Imo, follow up twice and prepare for the worst.

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Same here.

The fundamental agreement between a non-founding employee (read under 20% of equity) and a company is payment for services. If the company can’t do that…

In Europe it’s prison, in the US exploiting employees is part of a very short game of chicken.

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Missing payroll is a sign of financial trouble. In some cases if it’s for a day or two because of a glitch or some short term cash flow issue it could be a one time thing. The company will pay fines to the state if reported. At a startup founders may try to offer equity or some other non cash comp to keep things going.

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Once you get that paycheck deposited, go ahead and leave. Of course you can wait till you find another job. But I won't entertain this kind of mess anymore like I did in the past.

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