I have a good salary at a failing start up, and I can’t seem to find any jobs that provide a similar salary. I love my current job, but I’m worried that the company will not be able to secure enough funding to last us 6 more months.
Should I take a pay cut (150k --> 100k) to work at a different company? Or should I wait it out for another few months at my current company?
For context, I support my SO in a HCOL area and we don’t have much savings. Trying to build that up right now…
Any advice would be appreciated. Thank you!
Ride the wave. 150k for the next 6 months is better than 100k for the next 6 months
That’s exactly what I was thinking, but it seems like the consensus on here is that stability is better than a much higher salary.
There’s no stability in startups. Heck, there’s not even stability with a permanent position in a big company. Maybe 50 years ago
Don’t trust comments from Reddit, most people here have 0 life experience.
That being said, this is a comment from Reddit.
What are you gonna do now, huh?
What do your bills look like? Do you have a mortgage or kids? You mention you don’t have a 6 month runway, but how many months do you have if you cut spending?
People may be opting for safety because they have different situations from you.
There doesn’t seem to be a downside in starting to apply to places, but I would think about your particular situation and what’s most important to you right now.
You got this!
May not go like this, open up the time frame to 18 months.
150k for 6 months, then 4 months at 0, then 80k because you have to take something because OP has no savings
All of a sudden that 100k for 18months doesn’t look so bad