Considering a move to $30k less TC (still a comfortable living), but potential career hyper growth, and a more fulfilling role. I’m getting stuck when assessing the ‘recession-proofness’ of startup vs my stable FAANG role, even though this startup has a few hundred million in funding. Anyone make such moves? Many roles at FAANGs can get really stagnant. No one should stay there forever IMO.
Work and team over TC. Be happy most of day instead of just happy when you silently check financial accounts.
It takes a while in one’s career to realize that TC isn’t everything
This !!
I think you can only say this once you hit a certain tc level. Or would you go back to the tc when you first started?
How old are you?
TC or stability or career growth or not, vet out your immediate boss, do some backchannel checking.
Take the startup role and accept the very real possibility you may be laid off in a recession. I don't think FAANG will turn out to be as stable as everyone thinks in a recession anyway
Focus on what makes you free. Focus on what brings you joy. There are a lot of lies, falsehoods, and illusions out there. One is “stability.” Another is “job security.” If you spilled your guts about an internal scandal at your FANG, that could be the end of them. The same goes for your start up. If you kick ass and make them look good, you will win. Your start up will grow; and everyone will reap the rewards of all your (and their own) efforts. That’s the goal. Stay focused on that. Find out how you define success in the business and role. Latch on. Then execute. If you are thinking about 30 k, which you can easily blow in Tahoe one crazy weekend, you’re not self aware. If you’re saying that this start up is less secure than your FANG, then you’re not enlightened enough. Refocus on what’s drawing you in, and how to make this the best choice of your life. Give this to yourself because you’ve earned it, then watch success wash over you like a gentle wave of elation and delight. Being rich is a mentality. Rich people don’t GAF about 30k, because they can make that in their sleep. Write a post fang book to make up for that 30k and rake in some cash while you’re building an empire.
Lies.
Good advice. I’m upper 30’s, ~$200 TC, and experienced in my non-tech field. I’ve worked at multiple FAANG and eventually get bored - perks, pay, clear growth path but it’s long and drawn out, with BS non value add work to check boxes to get there. I’ve loved the few startups I’ve been at, made huge impacts, and risen sharply. I’m just BORED! I can see any startup failing and giving me regrets. But I can also see it succeeding and my responsibilities growing fast, with great end reward for finances/career. I can also see myself feeling comfortable and minimal stress at FAANG, but growing even more bored of the routine later. At the end of the day, you need to take (smart) risks to get rewarded.
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TC?
Total compensation
Yes, thank you for enlightening me. I’m asking for their TC