How do people here think of compensation changes exiting consulting to an early stage startup? (I.e how much of a cut or bump would you expect, how much equity would you require to make up for lost guaranteed cash comp etc.). For all my fans of the “it depends”, let’s assume each job’s WLB are identical and both are equally interesting. This particular company is just around 40 employees, tech startup very broadly speaking. TIA.

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It depends… do you believe in the startup? What are their long term prospects?

Consulting likely offers a more certain cash payment versus the equity opportunity in a startup.

If you don’t have children or some kind of financial obligation, why not take the chance?

I was willing to take a 30% hit

helpful

I would be very careful about getting into startups right now. Valuations are coming down right now and a down round can crush common shareholders and early investors. (Example: Klarna)

Be very certain you are clear about their current and future funding requirements, their liquidity strategy, and how something like a flat or down round could impact you.

THIS is the sort of helpful answer I was hoping for. Many thanks.

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