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This is wholesome. Almost no managers consider this.
Interesting, any feedback from them on their long term goals? Maybe that could help in the decision. None of them sound like the easy route. Also when do you see that happening? I believe economically a lot is going to change within the next couple years so it may be good to consider that as well.
You could still mentor him if you work at different companies. Im sure he will value your mentorship if you bring this up to him