7 ms·
Pandora went bankrupt 1 year in yet employees stayed 2 years w/o pay for founder
- greenyoda 11y agoFounders of struggling startups shouldn't follow Pandora's example, since they could get into a lot of legal trouble - paying your employees less than minimum wage is a violation of federal and state labor laws.
- skorecky 11y agoI also don't understand how they where able to go 2 years without pay and still be able to live. You need to pay for rent, food, etc. Something doesn't add up.
- samp615 11y agoThey ended up getting sued later on. Thankfully, they had the money to afford the legal cost. I think you're right, they aren't a great example, but many 'big' companies did questionable things that paid off in the end. Of course, had this not worked everyone would call Tim a moron...but since it worked it's pretty awesome.