Help me choose

New gmz
Apr 10 16 Comments

Cushy Unicorn job - L6 - TC ~$500k

or

Launch startup with cofounder - CTO - raising $1M at $5M valuation - Salary $150K + half the pre money shares

250 VOTES SELECT ONLY ONE ANSWER
VOTE VIEW RESULT

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TOP 16 Comments
  • Google ovBk62
    If your net worth is just 250k, then build up some more net worth before you rush into startups.
    Apr 10 1
  • New ==<>===
    YoE, (liquid) NW?
    Apr 10 4
    • New gmz
      OP
      16, $250k
      Apr 10
    • L3 Technologies / Finance
      Teltic

      L3 Technologies Finance

      PRE
      L3 Technologies
      Telticmore
      How the hell do you have 16 years experience and making $500k, but only have $250k networth?

      Take the cush job
      Apr 10
    • Yeah, girl. Wtf happened to your net worth?
      Apr 10
    • New gmz
      OP
      $500k offer, I was making $200k before + stock options that will take years to turn into anything
      Apr 10
  • BluVector sparked
    Your NW is not nearly high enough to justify giving up 500k TC...honestly with your TC and net worth so low you must have an insane burn rate/financial obligations that would make living with 150 TC untenable
    Apr 10 2
    • New gmz
      OP
      My burn is around $100. I just left a startup job where I was getting $200 + stock options.
      Apr 10
    • BluVector sparked
      Gratz on the jump to 500 then, that’s awesome. I’d stack NW for a few years esp. if you can maintain 100 burn rate
      Apr 10
  • Oracle not_larry
    Low net worth ➡️ need more TC ➡️ cushy 500k.
    Apr 10 0
  • New 3jd8sja
    If you have to ask, then you shouldn't do the founder role. Take the 500k
    Apr 10 0
  • Microsoft M💰FT
    Raising at 1-5M valuation is basically a small seed round these days
    Apr 10 0
  • Jet.com / Other
    gtfoorgtfo

    Jet.com Other

    PRE
    Starbucks
    gtfoorgtfomore
    EV is 0.01x5M for startup, which is 50K total.
    If you expect to break even in 3-4 years, the chances of success must be close to 0.5.
    Apr 10 0
  • The startup might payoff in a few years, but will it make you enough to cover the loss of your salary with increases (and unicorn stock appreciation) and 401k appreciation over those years? Also, work might be more gruelling at the startup for all those years, meaning less time with kids and family and vacations, if that is important to you. It might very well be 6,8, or even 10 years before you see a decent exit.

    On the flip side, even a failed startup is a great learning experience. You will learn about running a real business in a way that nothing else can teach you. that might help with your next gig ( which might be back to being an IC, mind you)

    If only were an easy decision, eh?
    Apr 10 0
  • Oscar 🐨koala
    If you think the startup will do well and exif eventually IPO... otherwise no brainer I’d always get a cushy job. TC matters.
    Apr 10 0