Not sure why it's fair to have this discussion in this thread. Startups have risks and he is entitled to raise money. And he definitely has a history of building something big. To bring skepticism to someone's business without fair reason is simply not ok(I have no relationship to the guy or to his business, nor have I invested)
Ch”v I didn’t call anyone a scammer. The title of this thread is about due diligence and like you said it’s extremely high risk here. Money shouldn’t be raised from fellow yidden on LinkedIn, the only reason it is, is because he is not been able to get a single fund that specializes in this stuff to invest.
First of all I have started a business by bootstrapping it and I am in middle of starting another one now bez’h.
Tech-startup? Or a service business?
Ad for Blackbird on the billboard on 9 by the lake.
Been up for a couple of weeks now....
Meridian, Madison, and Riverside are a reminder that parnassa comes from Hashem and even a parnassa that seems virtually invincible can be turned upside down over night.
Unfortunately all three now have a severely reduced headcount, which is going to affect many families. The entry of many job seekers into the Lakewood job market is likely to have at least a short term impact locally as the employees market we have seen the last few years has already begun to reverse.
This may be for a new thread. But the job market is at a much more advanced state to the downside then just beginning to reverse.
In Lakewood? Males have had a difficult time landing jobs for a while now but decent paying entry level positions for females have been fairly plentiful (of course industry dependent). From what I understand that has begun to change only fairly recently.
Unfortunately all three now have a significantly reduced headcount, which is going to affect many families. The entry of many job seekers into the Lakewood job market is likely to have at least a short term impact locally as the employees market we have seen the last few years has already begun to reverse.
Salaries have gone down quite a bit. Maybe not as much for girls straight out of seminary but definitely for girls and women with minimal office experience. for well-experienced women the market has really softened
A niece who works in a pretty typical Lakewood company got a $10 sterns cheesecake for shavuos. Is Sterns the new Lilac and Creme in todays environment?
Are they reducing base compensation for existing hires (awful for employee morale, especially in an inflationary environment), lower bonuses, or just offering less to new hires?
Together with all the management companies that have been stingy with their hires
