Happy Friday everyone, what are your thoughts on switching from a financial analyst in higher education to a financial analyst for a company that started in 2017 and is growing? They are a “start up” company but no mom and pop shop by any means. I have been in higher education since graduating a little over a year ago and contemplating whether to stay in my role or try the private industry?

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I would say go for it. It sounds like a bit of a risk but I myself am a risk taker. I think it sounds like a good opportunity.

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Your primary consideration should be the financial stability of the startup. I know you can build your experience there. But you need some assurance that it will last for long time.

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Sounds like you are in for a rude awakening. The difference between a low paying cush higher education job where they have a never ending pit of money is very different from a start up that does rounds of funding. Good experience if you have a mentor there.

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Depends on the startup. My startup is definitely pretty grindy but we have lots of cash so it’s not really an issue. We are more established and actually make money so not like those who have like a 1 year run rate. Those would be extra stressful. I think there may be some sales / Eng that can coast at startups but most operations team is super lean so it’s harder to do so.

I would say try it out if you want out of education, get a breadth of experience while young.

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Go with the startup. It’s the best chance you have to be fiscally successful.

I have been working with startups for years, and don’t think there is a better way to make money quickly & learn how the world works.

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Raising money is becoming increasingly challenging, but it will not last forever.

Is institutional money involved yet?

Ask the founder if they are planning on a SAFE.

What round is the company in?

How much money has been raised?

How much stock are you getting on top of your salary?

Are you able to invest in the company yourself?
If so, is it required?

Make sure you understand everything before you switch; it’s possible that the startup will not have problems with money.

As someone said, if you have a down round, it can be fatal.

Please make sure the owners and CEO know what they are doing.

Message me if you want me to explain what six startups have been like institutional money involved yet?

(Only one didn’t work out as we wanted but still made money)

smart

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