DHH: Story I heard about Reddit post-$50M investment includes everyone not in San Francisco getting 1 week to decide whether to move or GTFO. o.0
Yishan Wong: Yes, we are relocating ppl back to SF w/generous relo package & COL adjustment, +3mos severance for anyone who can’t make the move, and no, the timeline for the move is not 1 week, but through the end of the year. Decision was also independent of fundraising.
DHH: Very sad to hear. Especially for a company like Reddit that's all about bringing people together for causes regardless of location. Also, are you claiming that there never was a deadline of 1 week? That it was "through end of year" from the beginning?
Yishan: Intention is to get whole team under one roof for optimal teamwork. Our goal is to retain 100% of the team.
DHH: Hey, at least the shit sandwich comes with a smile and a thank you. Guess everything is peachy then.
Yishan: Originally we asked for decision in 2 weeks but realized almost immediately that was too short and extended the timeline to EOY.
DHH: Man, that is some cruel shit. Was that such that you could have a full headcount before the $50M check cleared?