this post was submitted on 16 Mar 2024
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chapotraphouse
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a) this did not happen
b) even if it did he owns the company, he made this theoretical sacrifice for the equity not for the employees
Oh, it's totally made up. There's just no way that lines up with him going $100k in debt to save the business; the scales are all wrong and they don't line up. These are numbers pulled out of the ass of somebody LARPing as a businessperson, at best.
The owner is personally in debt to save the company? Seems like commingling personal and business accounts is bad / maybe illegal