Anonymous
Guest
Anonymous
Guest
I am a former employee who bought plenty of shares which are now worthless. I knew they were worthless when I bought them, really, but I am an emotional sort sometimes. The money meant nothing to me. I only exercised because I put so much of myself into the place and I wanted to keep a piece. Deep down, I knew it was hopeless and probably will remain so in its current form. But hey, at least I finally get the write off! Woo Hoo!
Working at Impact was fun, but it was like summer vacation in HS. It was a great time and you had a blast and you will remember it forever, but you knew it had to end. At the end of the day, the business model is too expensive, the value proposition to the client is minimal, and the business can't sustain itself as is. School will be back in session real soon.
Sadly, some good things are happening now, but its all probably too little too late. I look back at all the money that was wasted. Its hard to believe one company could screw up so many big decisions.
But, I am not bitter. I had a blast while I was there. I could live to be 1,000 years old and never have more fun working. Of course, I thought I had a purpose. Being there now, I may feel differently.
From what I know, management gets nothing as far as stock goes. All those top level preferred shares were owned by VC's. However, I would bet large coin that all will be getting nice bonuse$ thi$ year, so I doubt all is lost. It is still a major loss no matter how you slice it. Celebrating because you kept a job probably isn't wise. What you need to do is ask yourself why you haven't been offered something elsewhere yet, or why you haven't started looking. Impact's future remains somewhere between "up in the air" and "bleak".
Good luck to those who remain, as many of you are my friends.
Working at Impact was fun, but it was like summer vacation in HS. It was a great time and you had a blast and you will remember it forever, but you knew it had to end. At the end of the day, the business model is too expensive, the value proposition to the client is minimal, and the business can't sustain itself as is. School will be back in session real soon.
Sadly, some good things are happening now, but its all probably too little too late. I look back at all the money that was wasted. Its hard to believe one company could screw up so many big decisions.
But, I am not bitter. I had a blast while I was there. I could live to be 1,000 years old and never have more fun working. Of course, I thought I had a purpose. Being there now, I may feel differently.
From what I know, management gets nothing as far as stock goes. All those top level preferred shares were owned by VC's. However, I would bet large coin that all will be getting nice bonuse$ thi$ year, so I doubt all is lost. It is still a major loss no matter how you slice it. Celebrating because you kept a job probably isn't wise. What you need to do is ask yourself why you haven't been offered something elsewhere yet, or why you haven't started looking. Impact's future remains somewhere between "up in the air" and "bleak".
Good luck to those who remain, as many of you are my friends.