Employee claims supersede equity and debt holders. The question is whether the company shuts down with money in the bank or keeps running until it's out.
People should remember the board and CEO for screwing over employees.
People should remember the board and CEO for screwing over employees.
After people are let go, severance and continuation of healthcare beyond some term mandated by law (maybe state, maybe federal, maybe varies by state, don't know) are not considered employee claims in this sense.
CEO and the board didn't follow the YC guidance mentioned above, and it's on them.
This is important if you're staying in more or less the same field - many specialties are smaller worlds than you may think.
I am somewhat bad with names, so I've learned to take notes. I have a list of people I'd love to work with again, and another of people whose presence will stop me from accepting an offer.