SpinVox, provider of voice to text service might be running low on finances but it’s not firing employees. The firm will be paying its employees in stocks, they will have the option to trade full, part or none of their salary for stocks. Of course this is better than receiving a layoff notice, but what’s surprising is the decision comes after the firm had raised a healthy $100 million in funding lat year. Cofounder Daniel Doulton is looking forward to bag more funds and signup with more clients to get into profitability.
