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Money and Finances
Reply to "Husband wants to take a huge paycut to join a startup"
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[quote=Anonymous]My DH (attorney in big law) wanted to do something like this a few years back. He was promised an incredible amount of money, there was lots of talk, lots of negotiations. A friend of mine who had a finance background told him to get a guarantee in writing. Suddenly the contact person stopped calling back. They ended up hiring someone under DH (an associate, not a partner). The startup went kaput a year or so later. Not that big of a deal for the (single, young, green) associate but it would have been a huge loss for us--partnership in a big firm, house, kids in school, etc. Your DH is making 600K and that's nothing to sneeze at. This is risky and I wouldn't go off of DCUM advice---you need to invest some $$ into some financial people who can really give you the advice you need. [/quote]
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