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A VC-backed startup founded by Google alums in SF made me an offer through FiveYearItch.com. Looks good, but the pay boost I'd get would only just match the cost of living in SF. I'd also be busted down from Team Lead to Software Engineer.
But everything I can see about the company looks cool: Top people, interesting tech.
Should I take this?
But a question to ask is... Are you willing to sacrifice?
It might be a short term sacrifice. Because maybe after few months or a year, the startup will be acquired or became a hit. We don't know.
Also, do you have family? If you have, maybe consider to ask them first.
When joining a startup, I always said to myself that it's not about the money. It's about the value (experience, learnings, etc.) you will get.
If you see yourself rising up the ladder in your current place, and it interests you, stay.
But all in all, the other opportunity looks good.
But what really should matter is the market -- i.e., your options. Learn what your opportunities are, and take the best. Did FiveYearItch send you some other offers? How do they compare? Did you look for options elsewhere?
The short answer is: Yes. But what really should matter is the market -- i.e., your options. Learn what your opportunities are, and take the best. Did FiveYearItch send you some other offers? How do they compare? Did you look for options elsewhere?
If you were able to receive one offer without looking then surely you can get another offer if you were specifically looking for another job in SF.
Though it's good to love your job, it's also important that your time in your job is financially providing something more than just a paycheck. You should be able to put money away and enjoy the time that you aren't working as well. Getting paid just enough to cover your cost of living is no fun and stressful. What do you do if they go under? If they really recognize the value that you are bringing to the table, then they should be paying you enough to make this an easy question.
It sounds to me like this offer has perked your interest for moving on and that perhaps you haven't considered this before. Perhaps you should look around for other opportunities and at least get some competing offers. Maybe you could even do something as a remote developer (just don't apply to Yahoo!) somewhere.
ETA: If you want to scratch an itch, start a side project or find an open source project to contribute to.
If I were you, yes. But a question to ask is... Are you willing to sacrifice? It might be a short term sacrifice. Because maybe after few months or a year, the startup will be acquired or became a hit. We don't know. Also, do you have family? If you have, maybe consider to ask them first. When joining a startup, I always said to myself that it's not about the money. It's about the value (experience, learnings, etc.)…
There is nothing wrong in working hard and making a name for yourself in a start up that does well. But be aware it is deferring actual real money for the next start up.
If I were you, yes. But a question to ask is... Are you willing to sacrifice? It might be a short term sacrifice. Because maybe after few months or a year, the startup will be acquired or became a hit. We don't know. Also, do you have family? If you have, maybe consider to ask them first. When joining a startup, I always said to myself that it's not about the money. It's about the value (experience, learnings, etc.)…
There are exceptions, but hot startups are usually FAR better than established services companies in precisely those things -- and networking too.