Technology Silicon Valley Investor Jason Calacanis Loses it Over TopTal...

Silicon Valley Investor Jason Calacanis Loses it Over TopTal Shenanigans


Silicon Valley Investor Jason Calacanis Loses it Over TopTal Shenanigans

According to Jason Calacanis, Taso du Val the CEO of TopTal, a distributed workforce service that connects companies with freelancers screwed Silicon Valley investors, and all of its employees out of equity.

On E972 of This Week in Startups Calacanis lost it after learning that early TopTal employee Scott Ritter took a huge pay cut on the understanding that he would receive $10k equity, which at today’s valuation is believed to be worth at least $1.2 million.

Calacanis said “If what is alleged is true, and it seems to be undeniable, the founder of TopTal is the worst human being to ever run a startup in Silicon Valley or otherwise”.

Scott Ritter, one of TopTal’s first key sales hires that helped drive it’s growth was Director of Client Success between 2011-2018 and claims he was offered $10k in company equity as a form of compensation for a pay cut he took.

Ritter said “after the amount of time that a person spends in a company like that, it’s a ‘work family’ so it’s even more heartbreaking when something like that happens and it’s even more personal”.

In terms of “promise of equity”, Ritter stated he was “the second sales guy” at TopTal when they had to make a change to the commission structure.

Ritter was at $2,800 per week in commissions and a $3,000 per month base salary or around $15k / month, or $180k per year when Taso told him the pay wasn’t scalable and he’d have to take a pay cut.

To soften the pay cut blow the TopTal CEO, Taso du Val said “we’re going to give you $5k cash, and $10k in company equity”, according to Ritter.

Watch the full This Week in Startups Episode to get the complete story.

Note: We reached out to Taso / TopTal asking for a response but have not heard back.

We’ll update the story if we hear back from Taso or TopTal.

Sarah Davies
Exaro News investigates matters of public interest and seeks to uncover the truth.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

Man shot in the head on his way home from work, then victimized by Monroe County Sheriffs

In this episode Shawn Ryan sits down with Don Bradley A.K.A. Head Shot Don, who is a former Green...

Huge spike in coronavirus infections and deaths

There was a huge spike in confirmed coronavirus infections today, along with a significant spike in deaths. Total Confirmed Cases:...

Six-year-old kids armed and trained to fight Mexican drug cartels

A child militia in Mexico’s southwestern state of Guerrero is training boys, some as young as 6, to serve...

Canadians Targeted in Debit Card Fraud, Check Your Bank Statements

A number of Canadians have been affected by debit card fraud in the past 30-days despite never having used...

Marshall County Man Convicted of Federal Cyberstalking and Gun Crime

A Marshall County man was convicted Thursday afternoon of cyberstalking as well as a federal gun violation following a...

Must read

Justin Welby admits: child abuse has been ‘rampant’ within CoE

Archbishop of Canterbury describes church’s ‘failure to face misdeeds’...

You might also likeRELATED
Recommended to you