Crossroad in my life. Advice?
Long story short, I just graduated from undergrad and basically have 2 options to choose from.
1 Entrepreneurial route: (began working on this half a year ago while still in school with some "friends," and we just received our first round of VC funding (~1 million) -Pros: Potential upside much higher, more interesting work -Cons: Risky even though we've received funding (estimating it will take more than 2 years to start making a decent profit), some of the cofounders sometimes are hard to deal with, atm not sure how much equity I'll get
2 F100 Finance Rotational - Pros: Stable/decent income and close to home - Cons: "Golden Handcuffs," unfulfilling work
Finally, another factor I need to consider is that I need to support my family financially.
Any advice would be greatly appreciated! Thanks.
If you truly got VC funding stick with the start up.
If your company is in Canada, PM me, I may have some contacts.
First, Get a shareholder's agreement created A.S.A.P. How do you NOT know the EQUITY stakes? This is what happens when you do not use a broker!
Second, from the sounds of it you must NOT be a playing a crucial role in the operations of the company if you can just leave, but if this is not the case, why are you thinking this way? You need to go all-in.
Thanks for the quick replies!
I think I need to provide more clarification regarding Option 1 and why I'm struggling. -One of the reasons why I'm hesitating to take this leap is because one of the other founders has slightly "megalomaniac" tendencies, or at least "bipolar" to say the least. In other words, pretty difficult to work with at times and not the most morally upright... We haven't had the talk about equity distribution yet, and I'm not sure how much of the company he's going to hoard. I have less say in this because I invested the least. Maybe I should I just bite bullet and go for it? I'm still young and can afford to take some risks I guess.. ?
You're set brosef. Do the venture.
Either it works and you become an accomplished young professional getting a disproportionate-to-mean amount of pussy or it fucks up early and you have a ridiculously good story to tell for MBA school.
Both of these are assuming you got the $1M in funding. If for whatever reason you don't have/get an amount of money like that, hop on the analyst track.
dude go for the start-up. You'll regret it later if you don't. You can go and work for a F100 whenever you want if things don't work out.
start up start up start up!!!!!!!!!!!!!!!
What is the start up?
Start up for sure! As others have said, will look great on MBA / BB application regardless of how it goes, especially with VC funding. Great opportunities like that are usually once-in-a-lifetime.
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