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Any great bars/ restaurants in Dallas?
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Paul went on IG Live this afternoon after Karine called the police. I have not watched the video, but bloggers report that Paul accused Karine of drinking in front of their son, domestic violence (shoving him), giving him an STD, and being pregnant again. The video ends with Karine asking to be taken to a shelter. Very sad.
https://www.instagram.com/tv/CDSJIotj7ft/?igshid=tyzjo7g4cef4
I want to try audio books. Any recommendations?
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A few things I would want to know:
1. How much does either role excite you?
2. What is the upside potential for your second offer?
3. Are you trying to prioritize other things in your life like family or your own startup
4. Is the current gig a dead end (ie a role you wouldn’t want to die doing)
5. Are you very interested in product management?
The money is definitely a consideration, but you’ll be comfortable either way. My impression from your posts is that you’re very interested in the startup role. Would you “pay” the difference in money to “get” all the things you answers above?
Getting paid to learn something new is a deal.
What is the total number of options? 8,000? How do the options vest? Is there a 1 year cliff?
If the company is going to IPO and you’re not C-suite, then short of being friends of the founders, I find it unlikely that you were awarded a lottery ticket with these options. It sounds like 8,000 x $20 pop = $160k (again, depending on vesting terms). Nothing to sneeze at, but also you might get that somewhere else too.
Something to keep in mind is that companies can be overly generous when granting new hire options.
Yah I def don’t know anything about the founders at my current company. It’s like a 300-400 person company. The new company I’ll be reporting to one of the founders and hopefully get in the “inner circle” game
Use this to vote (Laugh for stay, Star for leave)
I wish that was my sole intention lol. It’s a life changing decision and Fishbowl doesn’t have poll! (Pun unintended…)
If your options vest/convert on IPO I would stay!!! Whats 6-7 months? Let the company now know you want to ride out the IPO (I bet they understand) and who knows maybe they will have an opening when timing is right.
One thing to mention also is that there is typically a lockup period where you can't sell your shares after the company goes public. Do your research and make sure that you are considering that in your decision. I.e. you may not be able to sell for 6 months after they are public, what do you think the stock price will do and did you have to pay to execute any options?
I think a crucial piece of info is missing here:
Do you have kids or a family that you are the primary breadwinner of?
Are you already financially secure enough that you don’t have to obsess about your living expenses?
If you’re already relatively financially secure, take the startup opp.
If others are counting on your paycheck, stay at the pre-IPO place.
Tough choice, obviously we don't know all the details here. And also, you dont know how much you'll make after the IPO. So... "Don't save sex for old age". If you really want to get into PM, go for it!!!
Will your options automatically vest or be converted to RSUs? Might effect your timeline
It’d be great if there were a paid service you could use whereby people that have been in your shoes before can counsel you after learning the full facts.
I’m not sure a subscription makes sense. One-time fee or maybe $300?
No brainer if you have plenty of options and they’re about to go public. Stay.
Lol, that really depends on what you’ll expect the ipo price to be… what are comps looking like?
6-7 months is easy peasy i would stay even for 2years, if there is a situation like that.....
Also why leave for lower pay?
I stayed for 3 and learned so much. I took a lateral move and a little bit of a pay cut - butttttt my shares paid off. Big time.
Definitely take the Startup Role. I took a strategy role at a Series A startup over the past few weeks so I’ve been through this process recently.
Also you get to pivot into where you want to be so the minor difference (20k) in base is pretty immaterial
Hi , I’m a chemical engineer diploma holder and have 5 years of experience and did petroleum engineering in cape Breton university but have no luck in my profession so I joined a painting company so I’m painter now. But I wanna grow and don’t know wht should I continue with
Should I stay at current company and ride out with IPO even though I don’t enjoy my job? Or should I switch to PM with the risk that I won’t make much money from the Series A stock options and would miss out on the pre-IPO upside from current company?
How old are you?
30
Is the new place an area you’d want to be a product manager for? May be worth waiting to switch as product managers (from my perspective) seem to have a wide array of opportunities
Try to advance to a PM role in existing shop? I think you have a great set up where ur currently at.
What do you do now and why do you want to work as PdM? I’ve worked in PdM for 10+ years and it can be tricky in small/ new companies. Happy to talk through it with you.
Why can’t you just leave and buy your options from your current company? That way you can get everything you want.
It doesn’t work that way - esp since she isn’t an executive, board member or investor. Plus, the company is only series A.
Stay - when you are up for a raise and /or a promo, get more shares. Keep getting shares - don’t stop until you leave. I had shares and my place was acquired and I bought a house. Yes, money isn’t everything, but a vacation home is. And if you’re really happy and learning and teaching a lot… that’s great right now…. You’ll kick yourself if your don’t ask for more shares.
Is your current position in NY by any chance? 🤔