SRS Join a startup or stay with my current employer?

Discussion in 'On Topic' started by ady2glude707, Nov 12, 2008.

  1. ady2glude707

    ady2glude707 New Member

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    Hello everyone,

    A online startup marketing company in the Silicon Valley offered me a job with a higher starting salary including benefits and company stock (Pre IPO) This company has been in business for 6 months and so far only employs 6 employees. They basically work with advertisers/publisher on marketing through email (non spam/non pornography) The founder/hiring manager mentioned how his company is doing good(revenue each of the past 6 months) despite the bad economy and they are in the process of hiring more employees and leasing the second floor of their building (they currently only lease the 1st floor.)
    My current company has since then matched the job offer. The company is pretty stable (work with State DOTs) and I dont mind what I do in my current job, its easy and not stressful and very laid back. However we have laid 2 people off in the past since I've been employed here (2 yrs) and I've learned from a former employee that annual raises are 3%. They also froze hiring and annual raises in 2008.

    With the startup I can make it big with the startup company and make good money there if the company does well. But I also risk the chance of the company not doing well and going out of business leaving me without a job.

    HERES THE BIG KICKER: Im expecting my first child next May! Thats the reason I went job searching in the first place. I would like to know everyones opinion about my situation. I have about 3 years of money saved up that I can live with, my own car, and I rent a place.

    What would you do in my situation?
     
  2. Loincloth

    Loincloth New Member

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    Very interested in this! As I am currently a business student and have always imagined myself as stepping up to the challenge and taking a risk after a couple years with a stable company to learn the ropes and acclimate myself to the environment and economic situation at the time.

    I know you probably don't want to hear this, but it all really depends on your situation, and what your gut instinct tells you. There are many factors that play into a decision such as this, and it all comes down to whether or not the risk you are taking is worth the potential reward!

    What would you consider as "making it big"? And what plans do you have moving forward?

    What are the opportunities open to you if (heaven forbid) the new company tanks it? Would you be able to support your new family on such a plan?

    How much money do you have in the bank to back yourself up in case of such a situation?

    Are you willing to put in the extra work and effort into really stepping your professional career (and salary) to another level, the best aspect of being in a small startup, at the risk of spending less time with the family and your new child?

    With the economic crisis being the way it is, business startups, and especially things like advertising or marketing, are alot of the times the first thing to be dropped when shit goes own. Take that into consideration!

    And on and on. Those are some of the main issues i can see that would apply to most people in your situation. I will have to make the same decision myself some day I hope, and really it just comes down to what you personally have decided is the best for yourself and your family in the given situation. Remember, the bottom line is that you have to have enough earning power and stability to support the people depending on you, so let us know how it goes buddy, and good luck with the decision!
     
  3. kidhero

    kidhero not really a hero, really just a big fat phony

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    where are you now? what's the actual position for? dev? sales? ops? if you're not already in the bay area then it's not at all worth it unless the new pay is double. since your existing job already matched the offer just stay. if the lure is only going to be options/grants then that's the sucker's bet. no one here in silicon valley is dumb enough to take a job for some ipo pipe dream. let's be clear, there ain't gonna be any ipos for a good ten years.
     
  4. JordanClarkson

    JordanClarkson OT Supporter

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    Personally, I would stay at the current job. The place in Silicon Valley has only been in business for 6 months. Who knows what could happen in another 6 months. The risks are too great for the potential rewards.
     
  5. ady2glude707

    ady2glude707 New Member

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    Thank you for your insight. I've weighed in all those possibilities and I'll definetely keep you up to date.

    Im already in SJ, so I wouldnt need to relocate or anything. The position is in Operations, dealing with email marketing. Thanks for your reply!

    Thanks for your reply too, so far everyone Ive talked to has said I should stay.

    Nice low blow, did that help boost your self esteem? If you read what I typed, I said I have 3 years worth of money saved that I could live off of. Joining a startup is a risk, thats why I asked for peoples opinions, maybe other people who have joined startups would reply to this thread. Life is full of change and risks. Thanks for trying to help though.
     
  6. 7960

    7960 New Member

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    if you go to the start-up and it tanks will you have insurance?

    if not, with the new baby I'd go for stability (for now).
     
  7. less_than_adam

    less_than_adam New Member

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    With a pregnant wife I don't think I'd take a big gamble like that.
     
  8. Chau

    Chau if i wanted to kill you, i would've come in here s

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    I was in sort of a similar situation - staying at my current job that's very stable, or taking a risk to go to a start up. For me, i would've moved from LA to SF for a start up. I ended up taking a job at a different company, stable, was a start up that got bought out 1 yr ago, so the environment's kinda like a start up still. But i would still definitely want to try a start up.

    I guess for you it's different in that you have a kid coming. It's a big risk to go to a start up since it can fail... but how old are you? Do you have enough savings in case the start up fails? Are you good at your job, easy to find another if you get laid off? If you're still somewhat young, and have enough savings, and are good at what you do, I'd definitely go for the start up. Might as well take the risk now rather than later when you have more than one kid to support and get older.

    Good luck!

    (old thread, any updates?)
     

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