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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][quote=Anonymous]I think people here are assuming OP's DH is on the executive team and getting equity in the company at the get-go. If you don't hold significant equity, you won't be cashing out on the buy out. Also, the executives are often bound by the buy out contract to work for the new company, which sometimes involves relocation, so that is another thing to consider.[/quote] I think DH would be on the exec team if he's making $600k now. He's gotta be at exec level already where he is. As for the buy out contract, he'll have a hand in deciding what they choose if they get that far. Many startups see the existing exec team given the boot, which is fine since they have cashed out anyway. Otherwise, typical is a 1-3 year vest plan (golden handcuffs).[/quote]
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