YAJT Dilemma

Kalbi

Banned
Jul 7, 2005
1,725
0
0
I graduated UCLA with Econ + Minor accounting in 2004

Currently did 1 year @ public accounting at $43k. Adjustments are to be told by this week, rumors are it's $52K. Work is a bitch during busy season (minimum requirement is 55 hours and i'll probably average 70 hours a week) and the client I'm on really sucks major ballz. Plus I have to deal with some major a-holes and the politics is unbelievable.

Got an offer at an internet startup for $60k with substantial ISO. I love the business model and it's very similar to Google, but not a competitor. Revenues are projected to go up 5X in next 3-4 years, and then either buyout or go public...making those ISOs worth ranging from $250k - $2 million. And the best part it's a 9-5 job. I will have time to work on my ebay business I'm trying to get started (which I know I won't have time to do once busy season starts) with my mom and gf.

Dilemma bc raise at current job after one more year will probably be $62K, then $70k after another. After that I would quit and probably can find a job for $80-100K depending on how lucky I get with my headhunter.

However, the internet startup has HUGE potential, and a lot of room for advancement, but the raise potential is UNKNOWN. I guess the wildcard is the ISOs and the potential to become a millionaire in 5-10 years.

I guess I can always go for the startup and see if it's worth staying and see if revenues do have potential to shoot up. If it doesn't then I can quit and go back to public accounting but I'll be behind by 2 years compared to my start group.

Sigh.
 

CrackRabbit

Lifer
Mar 30, 2001
16,642
62
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As long as the stock offering isn't part of your salary why not take a chance with it?