I think it's funny when people tell me that I'm a risk-taker for being an entrepreneur. I'm the exact opposite - being an entrepreneur just so happens to increase my chances of fulfilling my goals in life, living the lifestyle I want, and enjoying the work I love. By working for an established business, my upper-bound on happiness and fulfillment is greatly reduced. Life is short, and I want to maximize everything.

Everything I do for Indinero is about reducing its risk of failure. Everything. I hire people who are experts at what they do because their chance of doing a better job is higher than mine. I'm charging for the product upfront because it ensures that we're spending time on something we will make money from. I helped win us a grant from Lightspeed Venture Partners to show my team that we thought things through well enough for institutional VCs to give us money (and, of course, to have money). But in order to get that money, I had to show Lightspeed that we already had an established team. So basically, in order to have one, I had to have the other. It's an endless cycle of risk reduction. Team + Capital = Startup. No team = no capital = no startup.

Throughout my summer at Lightspeed Venture Partners' office, I learned that investors were risk-averse too. Their entire business is based on investing in the least-riskiest companies, and that seemed counter-intuitive. But it makes sense. Investors have a finite amount of time to spend with their portfolio companies, a finite number of investments they can make each year, and their job is to ensure a decent payoff for their investors. (yes, can you believe it? institutional investors have investors too) And this means precisely one thing for the entrepreneur seeking venture financing: Everything you do pre-funding should attack the things VCs think about when determining the worth of your company.

Investors like traction. They like a seasoned team, they like paying customers, they like CEOs who come from technical backgrounds, they like young founders, and everything that means that their colleagues won't criticize them for making a bad investment. Yes, your company probably won't need money and probably won't have trouble finding investors if it has all of the above, but it doesn't matter. The fewer risks there are in your company, the more likely you are to get an investment. And this comes to prove my point that investors are for the most part risk-averse.

Lets take a step back. In order to reduce my risk in life (to maximize my personal happiness and fulfillment), I need to build a great company that makes money. And to achieve that, I need to reduce risk for myself, for my (possible future) investors, and obviously for the team members who execute on this dream. People who work at startups have an interesting mindset. They enjoy independence, they like the idea of being an entrepreneur, but they want to come in at a stage with significantly less risk. For example, telling people that Lightspeed Venture Partners gave us money immediately changes the way they look at us, because it sounds like we have our heads on straight. Which means that there's a forever ending cycle of risk reduction: I have to reduce risk in my company enough for customers to signup at a rapid pace, which reduces the risk enough to bring on good investors, which therefore reduces the company's risk enough to hire smart talent, and the sum of all of these things will hopefully make us a low-risk, successful company. Phew.

Don't get me wrong. Starting a company is a risky endeavor, but succeeding comes down to mitigating all of your risks for failure. Instead of writing down a list of things that you should do, start a new list called "things that will lead to my company failing." And on the top of that list will probably be "running out of money." Then take each line-item, figure out how to address it, and then you know exactly what you should be focusing your time and energy on. It's a different way of startup management, but it has completely transformed my company's culture for the better. Remember - before your company has the chance to make billions, the CEO should eat and sleep risk reduction.

Update: I've received over a dozen emails and phone calls from companies who want me as an intern this summer. I'm inching towards the final phases of my search, and plan on making a final decision by the evening of May 1st. Thanks for all of your support and encouragement!

The past few days have been intense! In a nutshell, I've been looking at an internship -- yes, a JOB with a real COMPANY. It's come to my stark realization that I never thought about working for a company not so much because I thought corporations were dumb, but because there are few places that would allow me to explore my own projects. In other words, I would only work for a company that allowed me to be an entrepreneur within the company. While there aren't many companies with such a culture, I've started to look at a few companies that prosper on having creative and fast moving "intra-preneurs." My partial list includes Ning, Six Apart, PBWiki, and Ustream.

Of course, being that I'm bratty Jessica Mah, I'm super picky with the companies I would want to deal with. Here are my thoughts and reasoning behind the companies I've talked with so far:

1) I'm picky with the companies I interview with, and I immediately look for a culture fit. If anything, culture fit is the FIRST thing I look for in a company. If I'm not going to be happy there, it's not even worth a legit interview. What does culture mean? That deserves a blog post on its own, but it's so crucial for a startup to be fast-moving, communicative, open-minded, friendly, and enthusiastic. If the company has high-walled cubicles and segregated "departments," I have no interest in spending my summer there.

2) I don't accept offers from companies who don't thoroughly interview me. Sure, I think I'm a moderately smart person. However, I want to work for a company where people are brilliant. If the company doesn't bother to test my knowledge and skills, it shows that they don't take hiring seriously. With that said, if I get a job or internship offer from a company that doesn't spend the time needed to test me for culture and knowledge fit, I don't see the company as being good enough for me. Lesson: I only work for startups that make it difficult for me to get in. The next time you interview a "rockstar" prospective employee, keep this in mind.

3) Companies and employees need to give and take equally from each other. In my search for a summer internship, I'm not looking for a big name brand. I want to work for a company that lets me play around with my product management, business, and coding skills. I want to work for a company that wants me as much as I want them. One of the companies on my list offered to fly me out for a visit -- that shows a lot of dedication. It proves to me that the company wants me as bad as I want it.

4) Do programming ninjas talk to the business people? In other words, do the complaints and desires of the users get seen by the people working on the product? Sounds like a silly question, but so many companies (United Airlines among them,) don't have any connect between the customer support people and the executives who implement the changes. With that said, I like seeing companies where coders and business people are in everyday dialogue with each other. I love how Ning's customer advocate team also works in product management -- since they talk to customers everyday, they are more likely to know what changes should be made.

5) Money!!! As you've probably read before, compensation is not my #1 priority. However, it's not something that can be ignored. Living in the Bay Area this summer costs a LOT of money. I'll be paying $2000+ / month in various living costs that include food, apartment, transportation. Then I somehow need to pay off the $5,000 summer tuition bill that Stanford University is soon to send me. The startup scene is competitive -- In most cases, I want these companies just as much as they want me. If they want me to join on board, a competitive offer is definitely in order.

6) Networking, colleagues, and mentors. Last, but not least, I look for any potential to grow my network. I'm looking for executives who are well connected in Silicon Valley and beyond. I'm looking for colleagues who are open and willing to help me just as much as I'm willing to help them. With all of the companies I've applied to so far, I've either personally met an executive there or had one of my friends refer me. Never underestimate the power of a personal network!

With that said, I'll keep you updated with my internship hunt. Now you know the supposedly secret thoughts on what a self proclaimed teen entrepreneur looks for in an internship! Having this summer internship won't slow me down from being an entrepreneur. It's simply a way for me to further my learning -- a way for me to figure out how fast-moving companies survive and grow.

By the time I graduate with my Bachelor's degree in two years, I'll be fully prepared to take on the world with a company of my own.

Jessica Mah is a 17 year old entrepreneur, blogger, and sophomore at early college, Bard College at Simon's Rock.

She loves chatting with fellow students, readers, and entrepreneurs, so don't hesitate to email her or message her on AIM! Feel free to subscribe to her blog or stalk her twitter.

Disclaimer: I am by no means saying that college dropouts or students with poor grades are dumb -- I'm simply defending the hiring practices of Google and why their practices hold rational meaning to them.

There are so many little things about a prospective employee that can tell you, as the entrepreneur or hiring manager, whether or not the candidate is capable of being a reliable, long term, team player. For example, if I'm hiring a person, I'm going to look at how many schools this person went to and whether or not s/he graduated. I'm going to look at his/her smoking habits. I'm going to look at how long this person remained at his or her last few jobs. If I'm hiring manager for a company like Google, which receives thousands of resumes daily, I'll quickly eliminate people who didn't get a college degree, who smoke on a daily basis, and who weren't able to keep a job for more than two years because each show a lack of commitment and/or a preference for short term over long term goals. There are so many brilliant people who don’t have college degrees, but it takes much longer to screen these people for commitment. I don't think companies like Google care about what you learned in college so much as they care about your desire to stay with a company for more than a few months. They want employees who are able to work on projects that they aren't necessarily in love with.

Many people critique Google for looking at college transcripts, but I'm going to defend them on this for several reasons:

1) High GPAs show the ability to do everything (besides business/computer science), and this is often a good measure for what happens in the workplace. This isn't to say that dropouts are unable to prosper at a company like Google, but it's an easier way to weed out the definite slackers.

2) A transcript allows Google to see what kind of courses you took. Did you only take computer science classes? Did you stick with your Jazz Ensemble for all four years, or did you join in and out depending on the semester? Are there any independent studies? All of these gives clues as to who the person is and what their commitment to their studies are. Maybe you took a class in philosophy which you had absolutely no interest in whatsoever, but were you able to get at least a B?

3) I hate to say it, but looking at college transcripts is an easy way to weed people out. If you're running an amazing company, you'll get thousands upon thousands of transcripts, and you can't possibly take everyone. By weeding out college dropouts and those with poor grades, it's much easier to focus on those who are likely to succeed in a large company.

As Seth Godin often says on his blog that resumes give a reason for companies to reject you, which is exactly why Google asks for them in the first place. It makes the hiring process much better for them! For those of you who don't have a college degree or resume, find people to hire you based on something you did. Through keeping this blog, I've received many recruitment emails from technology companies. Although I'm yet to receive my college diploma, I'd feel reluctant to hire someone without a college diploma unless s/he has solid work experience to compensate. Even a college diploma is no longer enough to hire somebody. I'll take this even further to say, if I receive an offer to work for a company without an interview and review of my past experiences, I would feel reluctant to join because it shows something about how smart my colleagues in this company may be.

The moral of this story: If you think rationally about it, Google has a reason to recruit people in the way that they do. Fewer people leave the company not just because they offer amazing job benefits, but because they attract people who are more likely to stick it out and see the good in whatever they're working on. Most of the people I know at Yahoo are high school or college dropouts, and most of them are seriously contemplating leaving their job. While Yahoo is yet to better their job benefits, hiring committed people from the onset is often a significant part of the battle.

Jessica Mah is a 17 year old entrepreneur, blogger, and sophomore at early college, Bard College at Simon's Rock.

She loves chatting with fellow students, readers, and entrepreneurs, so don't hesitate to email her or message her on AIM! Feel free to subscribe to her blog or stalk her twitter.

This post was inspired by a discussion in my psychology class about how money doesn't buy happiness

Few of us are born entrepreneurial. We're geeks! We're engineers. We love computers, we love programming, and we've known this from an incredibly early age. Many people ask me when did I get into this geeky entrepreneur stuff. Well, easy! I remember tinkering with my Windows 3.1 desktop since kindergarten days. Daddy would teach me how to use the control panel, how to install/uninstall my kindergarten computer games, and I got hooked. I went to computer camp starting in 5th grade and started coding in C and C++. I didn't know that I'd one day call myself an entrepreneur. Ask the Google guys or Bill Gates what they were doing in elementary school and they'd probably reply with something quite similar. All of them stumbled on doing their entrepreneurial ventures not so much for the purpose of getting rich, but rather because they truly wanted to pursue their own projects and interests. The money is great, but the means are even greater.

This precisely answers why multi-level-marketers are NOT entrepreneurs: they don't care about what they're doing or what they're selling. They're obsessed with the idea of getting rich, and the means of getting there doesn't matter. They aren't invested in the process of creating a business and few of them are capable of it anyway. To start a company based on the idea of getting rich is probably not in your best interest for two reasons:

1) High expectations = high likelihood of being disappointed. Chances are, your business is going to fail. I know plenty of successful entrepreneurs who start new companies that fail, but with low expectations, they're able to get on their feet and start anew. If my expectations for starting a company are to have a good learning experience, there's no way that I can fail.

2) Money seeking entrepreneurs often fail because they over-plan, over-expect, over-demand, etc.. For small web/tech startups, it makes most sense to get a startup off the ground without much planning. If it fails, great. If it doesn't, even better! Plans are good for thinking things out, but they're often irrelevant because your company is likely to go in different directions from originally planned.

Entrepreneurs in business solely for money will hate their jobs. They'll get bored and impatient until they cash out their millions. Because of their disinterest in the means, these money seeking "entrepreneurs" prioritize short term gain over long term benefits. The term "money doesn't buy happiness" has some truth to it -- sure, money is what all entrepreneurs inevitably want, but it comes down to whether or not they're interested in the process of creating a project and turning it into a business in order to better pursue their interests.

Real life example: For the project that I just announced I was starting, one of my partners was thinking about planning things out and revenue models and all of that jazz - but personally, neither me nor my cousin are interested in that. We just want to make something new and awesome. I'll take care of the business development and revenue, but only because that's something I have A LOT of fun doing.

The point is, we didn't start or end as "entrepreneurs." True entrepreneurs always had a love for doing what they do, and they decided to be entrepreneurial because it gave them more opportunities to explore their interests and to create cool things. They care about money, but wealth isn't a requirement for entrepreneurs to want to start companies. Keep this in mind before you start your next company.

Jessica Mah is a 17 year old entrepreneur, blogger, and sophomore at early college, Bard College at Simon's Rock.

She loves chatting with fellow students, readers, and entrepreneurs, so don't hesitate to email her or message her on AIM! Feel free to subscribe to her blog or stalk her twitter.

Well wasn't that quick! I found a new project that I've decided to work on. The team consists of me as the geek/logistics/biz dev person, and my two partners as the content artists. The project isn't very web 2.0 related, but it's going to be awesome fun and super creative.

I remember hearing about a huge and popular blog that did nothing other than post funny pictures of cats. Well, my next project will do something simple and stupid of a similar nature, but with music and videos and other 100% original content recorded in-house at the Berklee School of Music. You just wait and see! We'll be launching in the next few weeks...

Jessica Mah is a 17 year old entrepreneur, blogger, and sophomore at early college Bard College at Simon's Rock.

She loves chatting with fellow students, readers, and entrepreneurs, so don't hesitate to email her or message her on AIM! Feel free to subscribe to her blog or stalk her twitter.

Over the past year, I've learned a lot about successful leaders and entrepreneurs. The remarkably successful ones aren't working 247 on their businesses because they were smart enough to recruit a brilliant team for both their personal and business lives. A fellow TEDster I met this weekend told me about ways he manages his life -- he recruits experts in all fields of knowledge to assist him with his financial life, his children, his home, his vacations, his appointments, his company's technology, his company's marketing, etc… To guide his decisions in life and business, he has what he calls a "board of life." In other words, a group of remarkable individuals who feel personally invested into his future.

Firstly, no entrepreneur should be expected to know everything about business, but s/he should be able to know enough in order to recruit help from remarkable individuals in their respective fields. And if the individual is anything short of remarkable, look for someone else. Remarkable entrepreneurs don't need to be baby geniuses, but they need to be able to network with the individuals who will influence their businesses for the better. If the entrepreneur manages to hire and manage a remarkable team, s/he will have more time to devote to a personal life.

While I ran my first (failed) company, I managed to do just that. I recruited incredibly smart techies to help manage all of the issues related to my dedicated server clients while I enjoyed time on the beaches of Puerto Rico. My team didn’t exist to assist ME -- their purpose was to serve the company, and my existence was to make sure that their ideals remained that way.

This unnamed TEDster proposed the idea of having a "board of life," which caters more to the individual entrepreneurs. This board should consist of accomplished entrepreneurs and experts who feel personally invested in one's future. They'll get you the connections you need, offer you limitless personal support, and encourage you to do amazing things. In a way, I see members on my board of life as being my aunts and uncles. While it takes time to build a relationship with them, you almost have an inherent instinct from the moment you meet them as to whether or not you can provide meaning to each other. They literally feel like family in that both you and your "mentor" would go out of the way to do anything for each other. I call them "mentors" because they're far more than mentors. The TEDster I met with made clear the distinction: while mentors are there to give you sound advice, members on your board of life have a family-like relationship to you.

The ideas of recruiting a dream team can also be applied to managing one's personal life. My parents employ multiple people fulltime to manage our family's finances, home, appointments, travel, etc… In fact, I'm the only person in my family who hasn't yet taken advantage of the ideas that I'm proposing to you as I write this. Why? Because I enjoy making my own appointments. I enjoy comparing the prices between a Jetblue and a Virgin flight. I prefer to email my blog readers than to have my publicist send generic replies. I still utilize my mom's accountant and secretary, but only because it makes more practical sense for me to do so. When it comes to emailing people and managing my own schedule, nobody can do it better than me.

In the end, you need to come to terms with the fact that you're not superman. You don't know everything and you don't have the experiences and perspectives of everyone on this planet. You're hopefully smart enough to realize this -- recruit the necessary help in whatever part of life you need. By surrounding yourself with accomplished people in their respective fields, you're more likely to see your own success.

Jessica Mah is a 17 year old entrepreneur, blogger, and sophomore at early collegeBard College at Simon's Rock.

She loves chatting with fellow students, readers, and entrepreneurs, so don't hesitate to email her or message her on AIM! Feel free to subscribe to her blog or stalk her twitter.

Most of you have only met the superficial version of me. I've been thinking a lot about my personal brand in the recent weeks, and I've come to a few major decisions as to how I want people to perceive me. Through my blog, I have complete discrepancy as to how and what I write about myself. Until lately, it's been completely overdone. For some silly reason, half the people who have heard of me perceive me as a child prodigy. The other half either think I'm arrogant or don't care. The purpose of this blog post is to tell you that I'm more of the normal teenage girl than you probably think.

Firstly, I don't deserve the credibility that I have. I'm out there in the tech world and I'm sometimes mentioned on people's blogs. Big deal! I haven't sold a successful startup and I don't have a product that I've launched this year. Yet somehow, I get invited to speaking engagements and other fancy elitist groups. Instead, you should see me for and only for my enthusiasm and potential. I'm off to an early start, but in a few years, that won't matter. Nobody will care in 10 years that I went to college early and failed at a few startups when I was 16 years old. I guess I'm slightly worried that I've been spending too much time talking to you guys and not enough time doing something great. Until I find amazing success, none of you should have the right to call me smart.

Next, I much rather you guys view me as a child prodigy than as a whore. Sure, my personal branding has been overdone, but at least it was overdone in a somewhat positive direction. Unlike Paris Hilton, people have a slight clue as to what I want to do with my life. Smarts are sustainable, looks are not. As one of my friends said, "if you're going to be famous, at least have a business model." People associate my name to business and technology. As for Paris Hilton, well, people look at her as a hot girl with an empty brain. No matter how hard she tries to change her personal brand, people will be stuck in their old ways of thinking. So, if you overdo your personal branding, "do it with a business model" :)

Internet celebrity Julia Allison wrote on her Tumblr yesterday:

I’m in the midst of a transformation right now. Actually, it’s not so much an internal transformation (although there’s that, too) but a realignment - so my outside matches my inside, so the perception matches the reality.

The quote just comes to show that people don't understand who she is. They read about her in Valleywag, but they don't know how fun, enthusiastic, and smart she is in real life. I've been told so many times by my blog readers that I'm different from how they thought I'd be. Some thought that I'd be formal, proper, intelligent and well-spoken, whereas others thought I'd be a snotty-arrogant-uptight-child-prodigy-bitch. One reader suggested that I overdid my professional brand, whereas Julia blurred her personal and professional brands together.

In real life, I'm just an adventurous teenager. I like to do something called having fun. I have something called friends. I go to class, I do my homework, I play instruments, I play sports, and do all the things you'd expect a normal 17 year old kid to do. (minus the many fun business/tech trips I've been on). Sure, I'm in college, but that doesn't mean much about my personality. Instead, try to see through the fog: all of the random bloggers you stalk are real human beings and have lives outside of the internet. Their personal brand may be completely deceiving for all you know.

Like many girls, I've had that desire to have the spotlight on me. And I've gotten quite a lot of spotlight for a girl my age, but I've come to realize that it's nothing more than a distraction. I'm dedicating too much effort to building up my personal brand and not enough in a) leading a normal teenage life and b) working on doing something amazing, whether it be save the world or build a hot startup. As one of my friends Charlie mentioned, the most brilliant people he knows prefer to keep in the shadows. They don't have much of a personal brand, but their smarts and successes create the true credibility one needs to be known. I guess as of late, this idea has been much more appealing to me.

So what does all of this mean for you, me, and my future in blogging?

1) The blog lives on. I'll always continue to blog because I love you guys so much!

2) I've decided to cut wayy back on my conference going. I have many connections as it stands and I don't need to waste more time networking with 50 year olds.

3) You hopefully won't have to see me on Valleywag again. As I've mentioned in other posts, the influx of press gives you a temporary high.

4) It's soo easy to get drawn into the fun culture of Silicon Valley. It's so easy that you sometimes forget to create something of value.

So for now, I'll try to stay in the shadows. I have no problem speaking at conferences or doing interviews or whatever, but I'll remain honest and true to myself: I'm a kid who's yet to succeed in business.

Jessica Mah is a 17 year old entrepreneur, blogger, and sophomore in college. She's currently the founder of a startup and the managing editor at Startupism.com, and Jessicamah.com. Big thanks to my friends Jacob Locke, Patricia Handschiegel, and Charlie O'Donnell for having helped me gather my thoughts on this.

OK, seriously. Stop spamming me with your startup pitches. Just read my blog, does it look like I'm Michael Arrington, writing about all of your new startups? No! If I want to write about you, it's probably about something you do that's super unique. That or you bribed me with your incredible friendliness. Here are a few tips on how to get me to write about you:

1) Firstly, I don't often write about startups. When I do, I fully endorse the startup or fully despise the startup. It's never something in between. Getting a blogger to write about you involves building a relationship. Most startup marketing people don't understand this concept and send generic emails to bloggers. It doesn't work! So, the best way is to send me a pointless email that tells me how awesome my blog is, even if you don't think it's that great. I've probably fallen for this dozens of times, but hey, it works!

2) Real bribes. Startup founders seem to enjoy taking me out to lunch or dinner. While I was at South by Southwest, I managed to get away without paying for a single meal. How? Well, my blog readers! Half were friends who I wanted to build a lasting connection with, the other other half were random startup founders who wanted nothing more from me but my connections and minimal influence. (no, not that many people read my blog or know who I am.)

3) Do something special and tell me about it. No, I don't mean that you should do something stupid just for attention. For those people, go to Valleywag. For startup founders who did something funny that had a real purpose and intent, let me know about it! Take for example Xobni's recruiting video, which I heard about from my friend Bryan Kennedy.

For the rest of you, I'd suggest following one of my prescribed tips above. Whether it's me or Michael Arrington who you're trying to get a hold of, you can't just send generic emails. Those end up in the spam folder. One blog reader of mine suggested that I "write them up and completely misrepresent their purpose, their name, everything!" While that idea sounds incredibly appealing, I enjoy having people not hate me. :)

More to come!

Jessica Mah is a 17 year old entrepreneur, blogger, and sophomore in college. She's currently the founder of a startup, managing editor at Startupism.com, and Jessicamah.com. She's totally overrated and you all know it.

As you might have already read, BlogNation really got dicked over today when the US editor Oliver Starr posted a public letter of resignation on the front page of the blog he was resigning from. It talked about how the CEO of BlogNation, Sam Sethi, wasn't paying his people anything.

The validity of his claims are irrelevant. He's gone, the world now thinks that Sam Sethi is a terrible CEO and shady person to do business with. What's Sam Sethi to do?

1) First off, Mr. CEO needs to take a stand. He needs to openly discuss the situation at hand and either make a full blown apology that discusses in detail why he hasn't paid, or deny it in its entirety and possibly provide proof that he did in fact pay and that Oliver Starr is just trying to screw him over. Either way, Mr. CEO needs to say something to the world, or else people will take his silence as a guilty confession.

2) Mr. CEO needs to make sure the other editors are happy. Discuss openly with the other editors what happened and how to assure that such a thing won't happen again. If they too start posting open letters of resignation, BlogNation might as well just pull the plug.

3) Or the best of the solutions... PAY YOUR EMPLOYEES AS YOU PROMISED!!!

On another note, after TechCrunch posted Oliver Starr's letter, an editor from BlogNation China posted a comment:

Ladies and gentlemen –

1. We express our concern about Oliver deciding to air his own concerns on blognation.

2. Readers may wish to note that reports about blognation on TechCrunch may contain bias. It most certainly is not the “neutral point of view” that we expect from the Wikipedia.

3. As part of the blognation team we are experiencing difficultings in launching and in being with a new startup. Our determination to establish the brand and to aim for victory after victory, however, remains unchanged and will remain unchanged.

4. Quite a bit of content on blognation (and blognation China at that) are unique, as we have good roots in our community. We grow with the community.

5. Please rest assured that blognation (and in particular blognation China) will continue to provide you with news every day of the week like we have been doing for the past two months.

I do realize that some of you have different opinions. We will respect each other’s opinions knowing that responsible freedom of speech is a good thing.

Your support is appreciated.

Best regards,
David Feng
Editor, blognation China
http://cn.blognation.com

I'm sure you've already found some flaws in the above comment. This David Feng is giving the absolute lamest excuses for Mr. CEO's problems. TechCrunch readers are definitely biased, but the post itself didn't have so much. Just cause you're a startup doesn't excuse you from paying employees you've promised to pay. If they were under an equity agreement or barter, that's different.

Unfortunately for Oliver, I'm not sure if there's much legal recourse for him. He didn't sign a contract with his employee which leaves him utterly screwed. I'm sure he'll learn for next time. as for Mr. CEO, best of luck.

Jessica Mah is a 17 year old entrepreneur, blogger, and sophomore in college. She's currently the founder of a startup, managing editor at Startupism.com, and Jessicamah.com. In her free time, she enjoys the prospect of being an underage angel investor.