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Jumping from big corporate to small turnaround

1,741 Views | 5 Replies | Last: 4 mo ago by Cromagnum
Cromagnum
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AG
Opportunity has arisen to leave a big corporate gig in Houston to a much smaller (less than 50) operation that has recently restructured in Austin. Comparable (likely better pay), but effectively working in startup mode.

Pros:
Established technology.
Growing.
Exact match for skills and interest.
Value what I bring to table.
No upward mobility in my current company and they don't value me at all, and certainly not enough to ever promote me.

Cons:
Need a lot of help to turnaround the books.
Probably a lot more work upfront.
CEO is a bit of a loose cannon, but been around forever.
Risky because they only have about 4-5 years before they run out of cash if they don't fix revenue problem.
AgLA06
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AG
Sounds like rolling the dice as long as the owner is around.

Then again, maybe it adds some value if you do it 3-4 years and change jobs.
Sims
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AG
From my perspective with having been in both situations - If the pay is the same and not appreciably higher in the "startup mode" role, I wouldn't even consider changing from the current situation. Smaller staff and a negative cash flow just screams the fact that they'll be expecting more for less.

Just my two cents.
Cromagnum
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AG
Yeah. I wouldn't even consider the move unless there is a huge compensation bump.

Nice intangibles are proximity to family and ranch land we have in central texas that is a pain to drive to today.
Greendale 87
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AG
I did this for a couple of years. While we complain (rightfully so) about big company bureaucracy, there are some logical controls in place that make the workplace somewhat rational and predictable. I personally got used to that and missed it when I did the small company turn-around gig.

A crazy owner forcing me to hire unqualified family members was the tipping point for me!
Cromagnum
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AG
They need to get board approval but are fighting to make a case big enough to recruit me.

New role would be a director level role thats effectively 3 promotion equivalent in salary at current company.

Would require relocation from Houston to Austin area which they cover.

Salary is $25k higher than what I make now.

401k match is worse (I get 9% match against 6% today) while new is only 50% match against 6%. Effectively lose 6% match power.

Don't get profit sharing with existing company but get 10,000 stock options upon hiring on, and eligible for annual profit sharing after that.

Performance award target is 12% of salary at existing company but 20% at new.

PTO is effectively the same. 27 days at old. 25 at new.
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