Career WWYD

[thelurkylulu]

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Thanks guys! I think I’m going to take it if offered.

[goldengirlz]

Given that both options carry a fair bit of risk, I think you should pursue the dream opportunity and more money! My only hesitation would be stability with such a young company but it sounds like that’s a wash. Does the new business seem like it’s well-funded enough to weather the recession?

[underwaterrhymes]

Up until the part where you said the new job you already have had to take out a loan to pay staff, I was pretty firmly in the “stay put” category.

When I hit that part, though, I decidedly jumped to the “accept the new job” category.

[countthestars]

Take it!

[sadlebred]

Go for it!

[verycontrary247]

Is new company bootstrapped?

I'd go for it. Even if you don't stay there forever, it's easier to get other companies to pay you more once one already has.

[verycontrary247]

H has worked for tech startups before. He said you should ask:
-what their funding structure is
-are they currently profitable
-have they ever laid people off
-how many people have they hired in the past year/in what areas

This will give you a better idea of the stability of the company

[aprilsails]

DH got a call from a headhunter yesterday so I don’t feel as though tech companies are stopping hiring immediately. You will be the last one in either way so that risk is a wash. Beyond that, since the economy has been good DH has been seeing a lot of investment in new tech recently so the new company may have some running room in terms of existing investment to weather the storm.

I would take the raise. It’s always a good idea to reset your baseline.

[jigsy]

I work at a young tech startup. This time has been stressful because we design and manufacture our product... so right now we are only able to do half of it. I work with the CFO so I see all our funding issues too, so maybe other people aren’t as stressed lol.

I do love working at a start up. I have so much ownership of my work and really feel like I’m contributing.

Make sure you get some equity (on top of your salary)!

[mrspez07]

Both sound like they have risk, but the mention that the current company had to take out a loan for payroll, yikes!
Also, even if the new job let you go in 2 months, you’d make over $3333 gross more than current company in that time.

[wildrice]

If your current job was stable I'd feel differently, but it sounds like you have risk either way. May as well take the dream job and the raise if you might end up laid off in a few months either way. At least if you take the dream job you'll have that experience on your resume to find something else.

And fingers crossed it won't come to that anyway! I kind of doubt they'd be bringing on someone new in this environment unless they felt reasonably certain they'd be able to keep them. If they are in danger of shutting down, you'd think they'd save the salary for your new position to try to pay people they already employ, KWIM?

[circa1978]

I'd take it.

[ohgillian]

Given your current job situation: absolutely

[thebreakfastclub]

Let go of any guilt involved with leaving a company that cannot make payroll!

[thelurkylulu]

Mar 31, 2020 21:08:31 GMT -5 verycontrary247 said:

H has worked for tech startups before. He said you should ask:
-what their funding structure is
-are they currently profitable
-have they ever laid people off
-how many people have they hired in the past year/in what areas

This will give you a better idea of the stability of the company

They did say they secured a couple million in investor funding at the end of last quarter. CFO did tell me their profit had increased substantially the past couple of months and they were growing rapidly. They have hired 60 employees in the past two (?) years. They did tell me that in the interview. I think it’s a split between sales and tech people.