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slashnode 1 hours ago [-]
The only reason to accept the negatives of working at a startup (stress, below market remuneration, workload) is the potential upside (rapid growth and an eventual liquidity event).
If the startup is contracting, it sounds like the only potential upside has disappeared. I’ve been in a similar situation before and made the mistake of sticking around, to the detriment of my physical, mental and financial health. Obviously businesses pivot and turn around, but that’s the exception rather than the rule. Most startups fail, and if your startup is starting to falter, I’d say it’s about to prove the rule.
I’ll give you the advice I wish I had:
Run. Start interviewing like crazy and get another job. Good luck.
toomuchtodo 55 minutes ago [-]
Seconded. You’re only there because it’s a rocketship. If the rocketship is out of fuel, parachute.
If the startup is contracting, it sounds like the only potential upside has disappeared. I’ve been in a similar situation before and made the mistake of sticking around, to the detriment of my physical, mental and financial health. Obviously businesses pivot and turn around, but that’s the exception rather than the rule. Most startups fail, and if your startup is starting to falter, I’d say it’s about to prove the rule.
I’ll give you the advice I wish I had:
Run. Start interviewing like crazy and get another job. Good luck.