Accept startup or bank?
I have an offer from a startup, they had a strong series A and say they're confident about getting a good series B. But I wonder with interest rate hikes, will their investors keep spending on them? They rely a lot on ecommerce companies, which have lower margins I think. BUT they pay decent and the work is more traditional backend swe, which I think I wanna do. The downside is I might be out of a job again if the series B doesnt go well. I could keep applying while I work there but idk if I'll have any luck... I also have an offer from an insurance bank for data engineering. It's stable in a recession probably, as banks are, so I could stay 2 years in peace, but the pay is lower and I'm not sure if I want to become a data engineer. I graduated last year so I think the role I take now might determine the trajectory of my career. I guess I'm just looking for some advice or other perspectives to consider I should also add that I'm in canada, but tbh I think our tech market is heavily influenced by the US since all the tech companies are...american YOE: 1.5 incl. internships and a stint at amazon
Startups
Startup. It'll be easier to find a job later or go to a bank if everything goes belly up. Make sure they have at least 1.5-2 years of runway assuming no series B. And don't rely on stocks/options they give. Ask for a good base. Btw, the amount of money on the system is outrageous. They are likely to get series B if they are solid.
They said they have enough runway until april 2024. But I could be wrong, isn't that literally burn-to-zero? If series B doesn't go as well, they could still drop people earlier - and my biggest worry is that it'll happen when the market is even worse, I don't know if I have enough experience to make it easier to get a job in that case
I think it's solid maybe? The product is robots that can do blue collar stuff like work in warehouses. There's definitely a market. And most of my comp is cash, not stocks. But I don't have enough startup knowledge or even enough time out of college to feel confident making these decisions lol
Go for start up you are young Bank is for oldies
Yeah, but I guess I'm just scared of being back in the job market really soon without building up proper experience. It's not easy right now for entry level job seekers and it might get worse :(
It always becomes better