Reply to Husband wants to take a huge paycut to join a startup

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[quote=Anonymous]Sounds like a great opportunity.  It's not like he's going down to $0 compensation, he'd still be bringing in $100k. $100k +10% equity is actually a really attractive offer for a startup.  Many startups offer less equity or less compensation (or both) for even very senior roles.

What are your annual after-tax expenses?  Do you know how much you'll have to dip into savings?  I wouldn't sweat the $50k remodel.  Your husband is right, that's not going to make or break you.

Overall it sounds like a good opportunity to me.  My only questions would be (1) how much do you spend per year?  this is much riskier if you spend $300k per year than if you spend $150k per year.  And (2) how marketable is your DH in case the startup fails?  My guess is pretty marketable considering he's currently bringing in $600k and has an offer to join a startup with $100k +10% equity.  As I said, that's actually a really attractive offer from a startup.  This is less risky the more confident you are he can land on his feet if things go south.

Go for it![/quote]

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