A senior of mine, took a job with 30% paycut after being laid off earlier this year. The work is okay, but no growth from what he can see (service based company problems)
He has a casual offer to move to Bangalore and work for a friend's seed funded startup. The pay maybe significantly lesser than what he is making right now (so further paycut), but the work is a dream role, will get to shape and build the product basically immense growth.
Bangalore is an expensive city, less money will be another concern. For background, he is 33M, not married, working remotely from his hometown so saving on rent too.
Since he doesn’t have responsibilities he can take this punt and join his friends startup. Lets say he loses couple of years of income but he will build his profile for a much senior role later.
Agreed. Risk reward is pretty good for joining early stage startup as long as team is good and company has a decent foundation.
Pre revenue and pre product is usually a red flag though. Very high risk.
He should do proper research on the startup, the domain/market of the startup, competitors etc.
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For anyone stepping into the world of building, just be okay with the above. It'll be true, no matter how much you fall.
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