{ "media_type": "text", "post_content": "I was invited by former colleagues to join them as a 20% equity partner in a strategy consulting boutique they founded last year. I had expected the next step of my career would be to join a tech startup but with this move my total comp would likely double or more ($800K+). Do I follow my dream or follow the money?", "post_id": "60dfaaabd6125a002859794f", "reply_count": 12, "vote_count": 2, "bowl_id": "5ae4a4f739e7cb001391ec8b", "bowl_name": "Consulting Exit Opportunities", "feed_type": "bowl" }

I was invited by former colleagues to join them as a 20% equity partner in a strategy consulting boutique they founded last year. I had expected the next step of my career would be to join a tech startup but with this move my total comp would likely double or more ($800K+). Do I follow my dream or follow the money?

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Join them and then do a hostile takeover and have them pivot to tech. Bam. Win-win.

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The only way to make a real decision is to have a good alternative rather than a wish. Get an offer at a tech company, report back 8 weeks.

likesmart

How much do you like to sell? My guess is that as an equity partner at a new boutique your primary job will be to sell.. and keep sell more.. Enough to justify the double comp? Or will it make you miserable

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That's what my life at a big firm mostly consists of now.

Tryna bring some staff?

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If it’s a boutique that small and new, are they going to ask you to write a check? How much certainty is there around your comp expectation?

Base pay is about 1/4 of the total comp. The variable portion is distributions based on my ownership share, not a discretionary performance bonus. I'd say worst case is my TC is 40% higher than my current situation and best case is that it's 185% higher.

Well, the 800k role is attractive but not just because of the $. 1) Will you be more valuable to a tech start up in the future by taking on this equity Partner role? 2) Could you leverage the 800k income to increase your savings and perhaps later start your own tech start up? Or invest in one? 3) Tech is not going anywhere, what’s the rush? 4) what is the worse that can happen if you take the equity Partner role? Would you have a multi year contract? If you find you don’t like it, how soon could you leave? 5) if you take a tech role, will they consider you in the future at this strategy firm?

Once i passed 150k income I stopped caring about income and started caring about doing what I wanted. I’d challenge why you feel you need to sign up for a multi year grind if its not your passion. If you dont jump soon I suspect those golden handcuffs will stay on until retirement

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Post new user

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Cl bl lb. l fot

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