Yes, because your severance pay might be worth waiting for. Find out what they've given others. Two weeks? Not worth it. Two months? Maybe.
Is it crazy to quit a 6+ figure salaried job to do a startup right now?
41–50 of 85 posts
Re: Is it crazy to quit a 6+ figure salaried job to do a startup right now?
#42It's always been crazy to quit your job for a startup. But craziness and brilliance are only separated by success.
It is even crazier if your 6-figure salary starts with 9 instead of 1.
Re: Is it crazy to quit a 6+ figure salaried job to do a startup right now?
#43You might be asking the wrong crowd. I think it's a bad idea. I'd invest in a couple startups and/or work with them part-time.
Re: Is it crazy to quit a 6+ figure salaried job to do a startup right now?
#44Interestingly, Kevin Rose recommends keeping your job. He also recommends outsourcing development though :/
Re: Is it crazy to quit a 6+ figure salaried job to do a startup right now?
#45Yes, because your severance pay might be worth waiting for. Find out what they've given others. Two weeks? Not worth it. Two months? Maybe.
I don't think you get severance if you quit.
Re: Is it crazy to quit a 6+ figure salaried job to do a startup right now?
#46Is it madness? No, prices for everything are down because of the recession. Now might be a good time to do a startup. The other side is that it will be difficult getting VC funding.
Re: Is it crazy to quit a 6+ figure salaried job to do a startup right now?
#47Earlier quoted context omitted.
Yes, me and my co-founder will be bootstrapping for at least the first year. But our plans are to become cash flow positive in 6 months. I can probably survive for 3-4 years with no job, my partner at least 1 year.
That's a great runway.. you have enough time to fail a couple of times!
The above comment is inspiring to me - and I think epitomizes why Americans have been so wildly successful in the tech realm.
Up here in Canada... well, a very wise entrepreneur in Toronto once told me: "Up here they ask you how many times you've succeeded. Down there they ask you how many times you've failed", and I think there's truth to it.
Anyways, just something that struck me.
Re: Is it crazy to quit a 6+ figure salaried job to do a startup right now?
#48If you're going to be a competitor of mine I really think the best choice is to keep your day job.
Re: Is it crazy to quit a 6+ figure salaried job to do a startup right now?
#49Do let us know what happens. Either way - good luck!
Re: Is it crazy to quit a 6+ figure salaried job to do a startup right now?
#50The only thing crazy about quitting your job for a startup is if the startup itself is too crazy to ever work.
Do your due diligence. Don't jump ship for a fleeting idea or some trend-hopping weakling of a concept. Make sure you're fully aware of the risks and have a realistic assessment of the potential rewards.
The difference between a crazy decision and a bold one is a matter of reasoning. It could be the case that a startup offers you the best rewards, not all of which might be financial.