Monday, September 28, 2009

Oh shit we are dead - part deux!

I'm not sure I believe Henry any more. I came on board and genuinely thought we were going to change the world. And to some extent I think we did. Just after I join we landed a bunch of cash. Sweet, that should see us past the finishing post. In the interview it was all about IPO and killing the market. More money, carefully managed made sense to reach that goal.

Turns out that Henry has been acting all Bernie Madoff. I'm not sure quite how he did it, but he convinced our investors to give him more cash, its some round of funding that nobody has ever heard off, "H", "J" who the f**k knows. Its at the end of the alphabet that only Sesame Street knows about.

Apparently Henry had to give up stock to make the deal happen. Means that we burnt, literally, though all that cash in less than a year. Betcha our income did not balance this out.

Henry's pitch at the company meeting (he was on the phone from New York) was that this is all we need to make the company cash flow positive and make a pile of cash. He's brought Henry on-board, his brother from another father (really, his mother liked the name so much she used it twice) to become Chief something, Cash Operations I think. It confusing with so many Henry's but this one is from American City Bank. Perhaps he has the balls to keep Henry's expense account under control.

So why don't I believe in Henry? I don't know. Its the same old story, the next feature, the next customer is suddenly going to turn the corner for us. That customer or feature, the one we don't have, is going to make the difference. I have heard this all for 18 months and its wearing thin. You know, you read these stories or watch interviews with people who have been abused. Its the same story, you love them so much that you think they will change and tomorrow will be better. In reality each day is ever so slightly worse than the next. Its also tough to make friends and build relationships with people when they are gone in a few months, either because we have another round of lay-offs or they leave for a better place. You start to loose interest in building relationships or product for that matter.

And our investors did not give all the cash we needed, so we had to fire a bunch more people. I survived, at least this round. Another cut in pay and some more worthless options. Can-I-Have-A-Latte-Sir was all gung-ho after. He got the team together to "motivate" them, in his normal fashion he missed the point and instead of listening to our concerns he just talked about himself and Henry and spent no time to understand us. He makes me puke.

This weeks food and drink
Beer : 0 (no more official drinking!)
Shots : 23 (We just drink at our desk now, who cares)
Dinner : 0 nights (no more dinners!)
Weight : 189 lbs

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