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!
Maybe it’s a cultural aspect to /r/startups, but I’ve gone through like the top 30 comments and I can’t see a single person questioning the morality of accepting a higher-than-market salary from a company that you know is doomed to failure.
If you truly believe that your company is failing, and that your input into the company can’t create success for that company, are you not honourbound to resign, so that the money can be used by those that could save the company, or alternatively so it could be returned to investors?
You know, and maybe your SO can get a job rather than pursue their artistic passions or whatever you said.
It’s actually the opposite. If I stay I can try to help the company succeed, which I am actively doing, and that is one of the reasons I do not want to leave. Morally speaking, I want to stay and do everything I can to help. The salary is fair for my title and my responsibilities, but I cannot find that title anywhere, and only lower positions (or much higher for which I’m not qualified for) are available right now, hence the paycut.
As for your last point, obviously that’s an option, but that is not my question. My question is regarding the start up decision given our current situation.