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w8GHxRLeeJRp9Xc

11 karma · joined June 1, 2018

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w8GHxRLeeJRp9Xc··on Ask HN: Forced repayment of wages. Just common startup stuff?
Thank you. You're spot on.
w8GHxRLeeJRp9Xc··on Ask HN: Forced repayment of wages. Just common startup stuff?
First, thanks for all the great advice. Very relieved to know that I'll be on the hook for at most some taxes on a really low salary.

To clear up uncertainty:

- This is in California.

- Pretty sure I signed over IP in the term sheet when the VC deal became official.

- In the month before VC investment, someone else did write code with me: a lot of infra work and the push notification code.

- It was a $several MM round but the company hasn't made much progress since then, so don't know how much value the company still has.

- To add to the fraud, the academic also rigged a study at a top university that the product bases its efficacy on.