I just received an offer to be general counsel for a small golf training aid start up. I know the CEO and, in the golf instruction/training space, he is as legit as it gets. I have been at a big law firm for a very short period of time and have IBD aspirations. But the money from this new venture could potentially far surpass what I make now. If I take this job, will I be ending any chance I may have to get into IBD?
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I hope so for your sake.
Sounds like a great opportunity.
Do it. + you'll get free golf! Life is made!
Hank Haney?
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why do you wanna do IBD with this on your plate?!
Could potentially... those are the only two words I see.
Don't listen to these guys. Its a start-up pushing personal golf lessons?
Being General Counsel to a golf lesson start-up is superior to working in BigLaw or IBD? WTF are you people talking about?
Also... general counsel is not responsible for generating any revenue in a golf instruction start-up.... so you will likely plateau very quickly. While 200K or 300K as a 26 year old lawyer may sound like a lot of money now... when you're 32 and you're still only making 300K... you may feel different. Besides that, I'm not too sure how marketable you'll be as a small start-up GC should you choose to want something more engaging and challenging down the line.
i know many many people who would love to make a consistent 300K at 32. heck, most people would be happy with that at 52. its only on this board that youll consistently see people wanting so much more. money isnt everything, just do what you love and what interests you the most.
This is Wall Street bitch! $300K is barely enough to buy a couple o' bottles of '79 Krug Clos Du Mensil for a night out.
Yea... wow... (unless he was being sarcastic, which I don't think he was)
Marcus, I agree with you almost across the board, but I'm always going to be in favor of a start-up over banking.
I know people who would love to be making 60K. What does that prove?
This kids saying he's always wanted to work in IBD but this opportunity came by which has alot more earnings potential than his current BigLaw gig. So he's obviously concerned with money over what he's always wanted to do.
I think the "potential" would be in the fact that he'd be around from the beginning and possibly get a stake in the company. Tough choice, but if I were you I would look at the business model very carefully and think over whether you truly believe it is viable.
I'm definitely concerned about money. I would be happy making a consistent 300k, but am worried about making 50k for a couple of years, having this company go broke, and then being stranded without a law firm and without any opportunity to get into banking. My concern, therefore, is in how a year (or two or three) away from law is going to impact my chances at getting into IBD.
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