Using Severence Pay to Start It Up
March 6th, 2009
This post is simple: A reporter for one of the top 3 news sites in the world contacted me. She interviewed me already, but has now asked that I inquire within the StartupNation community as to whether any of you have used severence pay to start a business.
She’s looking for a lead person to feature in her story.
If you have a story to share about this, please feel free to do so here. To be considered for the story, ASAP, click on the CONTACT US link under the HOME tab here at StartupNation and send your brief story and contact info. I’ll then provide your contact information to the reporter.
Hope this helps bring the spotlight to one of you!
Rich
March 7th, 2009 at 1:51 am
Severance?!? What’s that? LOL. I even lost all accrued PTO (vacation, sick personal) and they barely paid me what they owed me as I was scheduled to have 3 days off the following week. In 2006, 5 weeks after getting married, I got laid off after 7 years at an ad agency They’re actually part of a publicly traded global company. Employees were told they had to sign paperwork understanding they would not see any unused PTO upon leaving the company but it was still a punch in the gut when it happened. My business is still being funded by whatever I can scrape together until I hit the big time.
March 12th, 2009 at 12:12 pm
I am in the process of starting a business using my severence pay to live on while we get it up an running.