Marquis
Jack Dawkins
- Joined
- Jul 9, 2002
- Posts
- 10,462
So it's been a while since I really posted many personal details about myself on this forum, partially because I guard my privacy more carefully now than I have in the past and partially because I just haven't had the time or need for close relationships online. I am reaching out now in hopes of forming some relationships because I am lonely as fuck.
First, let me tell you how I got this way.
Some of you may remember me in college when I started posting here, then teaching high school, going to law school for a year and then kind of falling off of Lit except for some drama I was going through with my two subs. Life was tough after I dropped out of law school, I tried my hand at a number of different things, but nothing really stuck. Luckily I was able to support myself financially because of a lawsuit I won that paid out right around the time I graduated college. I eventually ran out of cash though and in a pretty incredible move landed a really good job with a major investment bank. Unfortunately I lost that job less than a year leader when my firm cut aggressively during the financial crisis. I figured grad school would be a chance to hit the restart button and ended up getting into a really good school.
I did my internship for a sleazy private equity fund that put me on a business development assignment in Singapore. I loved every part of it, the work, the environment, everything. I traveled to 5 different countries in SE Asia during the 8 week internship and really dug my co-workers too. Also, I did a great job and brought in some good business to the portfolio company. My firm paid me a decent little thank you bonus but told me they weren't going to be able to offer me a full time position at graduation because they couldnt afford to pay me. I thought it was a little ridiculous that they wouldn't want to bring me in after I had proven myself, but I knew they were struggling financially, so I started putting together a business plan that would use their assets in a new market that I could take to VCs for funding. Basically try to raise my own salary, and obviously keep the upside potential as well.
It went pretty far. I put together a pretty bad ass team and we entered our plan into a sustainable venture business plan competition in Thailand. I had already committed to doing my last semester abroad in South Africa and had to fly from Cape Town to Bangkok in the middle of my courses. My team was on 3 continents and we worked over the cloud. Despite this, we made it into the final round and we gave our presentation live on the Thai Money Channel to a panel of some of the most senior business execs in SE Asia. We won tons of awards, not the least of which was an envelope thick with US 100 dollar bills.
It all felt like a dream. In the meantime, I had been talking to a VC I met through my school on a regular basis. Things were moving more slowly with him than I would've liked, but everything seemed to be going in the right direction. When I came back from South Africa, I went to meet the PE bosses in Chicago. They said that they would provide the initial funding for my side project if I would continue the work I did for them over the summer. The whole thing seemed a bit ridiculous as they seemed to have gone through a major change of heart. They offered me a VERY shitty deal, but we negotiated and renegotiated and came to some terms I thought were acceptable.
The agreement was a VERY low base, with a very high commission on revenues I brought into the company. I had worked in the company before and knew I could be successful again, so I figured it would end up working in my favor. What I did not anticipate was how much things would change. During my internship, I worked with an operations guy who was younger than me and we had very few conflicts. When I started working a few months ago, the PE boss sent his idiot dumbshit brother in law to lead the company. He knew less about the company than anybody and had, as far as I could tell, 0 technical skills to bring to the table. He was a nice enough guy, but was utterly clueless and working with him was very frustrating. He felt like dead weight and it was even worse that he was making way more money than anyone and did nothing. He barely showed up to work and never had anything to contribute. This was why they couldn' pay me, I thought? I was humiliated and angered.
I kept doing my job and did my best not to worry about it. I started negotiating with a potential distributor for our product that would bring A LOT of money to the company and honestly, would've made me fucking rich on the commission agreement we had. While I was sitting in the car, the brother-in-law boss guy calls my co-worker and tries to pressure him into agreeing that my commission agreement was too high and that they needed to figure out a way to rip me off. I called him and told him that I would sue him if he tried anything funny. He said he would honor my contract and we dropped it. We didn't speak a word to each other for a few weeks until he told me I was fired. They had rented my apartment and I had to leave. They handed me a ticket back to the USA and that was that.
I didn't want to leave Singapore, so I started making some calls. Almost miraculously, an entrepreneur that I had met offered me a room in his house and I moved in the next day. I stayed with him for a few weeks until things got uncomfortable and I found a place in the city, where I live now. It is honestly the most disgusting living situation I have ever had to deal with, but it is all I can afford right now. I have gone on a lot of interviews but nothing seems to have stuck yet. It is getting to the point where I am really having trouble sleeping and feeling lost and hopeless a lot. I need a change NOW! I have always been a believer that when you know you need a change, the change you have to make is in yourself, but I don't know what in myself I need to change. I don't know what I did wrong to get to where I am right now, I cannot figure it out. Everyone that I've come to for help has either given me as much help as they can, which is not enough, or they find some reason why my situation is my own fault and they don't worry about it anymore. I feel desperate a lot and it is really affecting my ability to do what I need to do. I am really depressed.
First, let me tell you how I got this way.
Some of you may remember me in college when I started posting here, then teaching high school, going to law school for a year and then kind of falling off of Lit except for some drama I was going through with my two subs. Life was tough after I dropped out of law school, I tried my hand at a number of different things, but nothing really stuck. Luckily I was able to support myself financially because of a lawsuit I won that paid out right around the time I graduated college. I eventually ran out of cash though and in a pretty incredible move landed a really good job with a major investment bank. Unfortunately I lost that job less than a year leader when my firm cut aggressively during the financial crisis. I figured grad school would be a chance to hit the restart button and ended up getting into a really good school.
I did my internship for a sleazy private equity fund that put me on a business development assignment in Singapore. I loved every part of it, the work, the environment, everything. I traveled to 5 different countries in SE Asia during the 8 week internship and really dug my co-workers too. Also, I did a great job and brought in some good business to the portfolio company. My firm paid me a decent little thank you bonus but told me they weren't going to be able to offer me a full time position at graduation because they couldnt afford to pay me. I thought it was a little ridiculous that they wouldn't want to bring me in after I had proven myself, but I knew they were struggling financially, so I started putting together a business plan that would use their assets in a new market that I could take to VCs for funding. Basically try to raise my own salary, and obviously keep the upside potential as well.
It went pretty far. I put together a pretty bad ass team and we entered our plan into a sustainable venture business plan competition in Thailand. I had already committed to doing my last semester abroad in South Africa and had to fly from Cape Town to Bangkok in the middle of my courses. My team was on 3 continents and we worked over the cloud. Despite this, we made it into the final round and we gave our presentation live on the Thai Money Channel to a panel of some of the most senior business execs in SE Asia. We won tons of awards, not the least of which was an envelope thick with US 100 dollar bills.
It all felt like a dream. In the meantime, I had been talking to a VC I met through my school on a regular basis. Things were moving more slowly with him than I would've liked, but everything seemed to be going in the right direction. When I came back from South Africa, I went to meet the PE bosses in Chicago. They said that they would provide the initial funding for my side project if I would continue the work I did for them over the summer. The whole thing seemed a bit ridiculous as they seemed to have gone through a major change of heart. They offered me a VERY shitty deal, but we negotiated and renegotiated and came to some terms I thought were acceptable.
The agreement was a VERY low base, with a very high commission on revenues I brought into the company. I had worked in the company before and knew I could be successful again, so I figured it would end up working in my favor. What I did not anticipate was how much things would change. During my internship, I worked with an operations guy who was younger than me and we had very few conflicts. When I started working a few months ago, the PE boss sent his idiot dumbshit brother in law to lead the company. He knew less about the company than anybody and had, as far as I could tell, 0 technical skills to bring to the table. He was a nice enough guy, but was utterly clueless and working with him was very frustrating. He felt like dead weight and it was even worse that he was making way more money than anyone and did nothing. He barely showed up to work and never had anything to contribute. This was why they couldn' pay me, I thought? I was humiliated and angered.
I kept doing my job and did my best not to worry about it. I started negotiating with a potential distributor for our product that would bring A LOT of money to the company and honestly, would've made me fucking rich on the commission agreement we had. While I was sitting in the car, the brother-in-law boss guy calls my co-worker and tries to pressure him into agreeing that my commission agreement was too high and that they needed to figure out a way to rip me off. I called him and told him that I would sue him if he tried anything funny. He said he would honor my contract and we dropped it. We didn't speak a word to each other for a few weeks until he told me I was fired. They had rented my apartment and I had to leave. They handed me a ticket back to the USA and that was that.
I didn't want to leave Singapore, so I started making some calls. Almost miraculously, an entrepreneur that I had met offered me a room in his house and I moved in the next day. I stayed with him for a few weeks until things got uncomfortable and I found a place in the city, where I live now. It is honestly the most disgusting living situation I have ever had to deal with, but it is all I can afford right now. I have gone on a lot of interviews but nothing seems to have stuck yet. It is getting to the point where I am really having trouble sleeping and feeling lost and hopeless a lot. I need a change NOW! I have always been a believer that when you know you need a change, the change you have to make is in yourself, but I don't know what in myself I need to change. I don't know what I did wrong to get to where I am right now, I cannot figure it out. Everyone that I've come to for help has either given me as much help as they can, which is not enough, or they find some reason why my situation is my own fault and they don't worry about it anymore. I feel desperate a lot and it is really affecting my ability to do what I need to do. I am really depressed.