Reply to DH wants to quit job to join startup

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[quote=Anonymous][quote=Anonymous]Some other posters have suggested this, tell DH to do both jobs to see if the startup is legit.  The odds are stacked against the startup succeeding.  Would DH be able to re-enter the job market at this high level?  Are you and DH willing to draw back on your spending and budget at home?  I also agree to the suggestion of having a well rounded discussion on the pros and cons of leaving current job for startup. [/quote]

Just because he has "earned 500-800K per year" does not entitle him to just switch jobs.  There needs to be a discussion about why, what will he get from the startup in terms of pay/compensation/benefits, how will they adjust their lifestyle to live off of this plus some savings if needed, because they cannot afford to take $400K out of savings each year to continue living their current lifestyle. That would not be a smart move.  Fact is most startups do NOT take off.  Majority of people do NOT get rich off an IPO/startup venture.  Most move onto another job in a few years, often back to "the real world where they have a steady paycheck and good benefits".  They are not 40 and childless.  They have 3 kids and the choices must be made to consider all aspects of the family.  You choose to have kids, sometimes you have to make choices that benefit the entire family/kids more than it benefits the individual. [/quote]

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