Potentially going from $200,000-$220,000 in finance to ~$120,000 + equity in "start up" like company (not tech).
Very hung up on the decision, am I making too big of a deal of the pay cut? REALLY appreciate any thoughts and/or shared experiences. Thanks!
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Obviously depends on your assessment of likelihood*profit on that equity, but I am impressed you are able to cut your expenses enough to even consider taking a 50% pay cut. Expenses are usually pretty fucking sticky, so good job on that.
Depends on many factors:
Potential Value of Equity/Success of Company: -Fundamentals are there for this small sub-segment of a larger industry to be successful. -Due to the above reason, competition is increasing. -As such, there will be winners, and there will be losers. Don't have a crystal ball.
Expenses:
-Don't live in a high cost of living city. Big city, but not nearly as expensive as NY/SF/LA. -Don't have kids, not married (i.e. only have to fund myself). -Don't have any debt (i.e. no mortgage or car note).
3-5 Years:
-Don't see myself in current position or a more advanced level of my current position.
-Just wouldn't enjoy it. Not the right corner of the industry for me LT. -See myself in something closer to this potential role.
Why?: -Don't have a future in what I'm doing now. Just don't have the passion or enjoy it that much. -Want to try something new, but related. Build new skills, learn new things, etc.
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