511 karma · joined October 10, 2013
This looks like the same type of Gold Rush that happened 20 years ago in the dot.com boom/bust. Same advice I learned the hard way applies today as I wish I'd learned it then - "when there's a gold rush, go sell shovels." Or in this case, as a technologist, sell topographical survey info you've collected, gold panning tutorials, fully outfitted claim excursions (you get the idea) - ANY knowledge you have about HOW to do what people THINK they need to do to find gold. Don't take equity, take cash today. It doesn't matter if they get rich or not, YOU make sure you get paid FIRST and be clear that if they don't want to pay for your services, their competitors certainly will.
To continue to abuse the analogy, to the business person we technologists are now and have always been "resources" to be used as a means to an end. You think they want to give their "pack mules and shovels" a cut of the gold? Unless you have some business domain knowledge, you'll never get an equal seat at the table. 9 times out of 10, if you DO have some business knowledge, you can probably make more money by going off to become a direct competitor. Or, better yet, gain some knowledge of the field and work with a competitor who has a better vision.
I've been inside 4 start-ups in various stages, and one post-IPO company that included stock options over the past 20 years. Only the dot.com era company ever amounted to anything, and that was dumb luck WRT having an IPO when people would force money on you for doing eAnything(TM).
I follow one primary rule when taking a job: you're either there to earn, or you're there to learn. It you're humble enough and not an idiot, you realize that there's a number of things to "learn" at any point in your career between different industries, different career paths, and different levels of position. If you think you're "too good" to do some job, you may be right but you may also just be an asshole.
I was fortunate to be well off financially after 5 months to walk away from the consulting job. My wife didn't see it because I hid it from her. I reached a braking point when I walked way from the consulting & was well supported by the engagement manager. I took two months off, I started seeing a counselor (virtually, thanks COVID-19), and I started on Prozac. I'm not "done" yet, but I'm an order of magnitude closer to who I was before all this happened. I've started to gain weight back. Suicide no longer holds its appeal. I can consider the idea that there might be a world after the year 2020, and that I should be a part of it.
Sorry - I know this is rambling. Let me pull back to my point: getting help is the only thing that would help. If you could change yourself, by yourself, you would have by now. It takes the push of someone else's perspective to move you, because you simply can't move yourself. Your best bet is a professional - you have your own bias and trust issues with friends & family, no matter how much they mean to you. Hang in there. No matter how bad life gets, don't let anyone, let alone you, tell you that you don't deserve to be a part of it.
Personal disclaimer: I grew up in Michigan from birth to mid teen years (in the Pacific NW now). I still have family that I love back there, but I'd need a salary offer in the top 3% income bracket of the state to consider moving back (and I'd still only rent). Michiganders are just too uptight for my sensibilities as an adult.
https://www.npr.org/sections/money/2014/10/21/357629765/when...
It's a simple question: if I had the value of my company stock in cold, hard ca$h today - would I dump it ALL into a brokerage account to buy said company stock?
Round 1: Dot.com era - 4 years out of college, out of work for 6 months along with a lot of the industry on the West coast of the US. Depressed as hell, never thought I'd work as a programmer again. In desperation, I take a sub-contracting 1099 job and get my 1st taste of consulting rates. I bank over 1/2 of my income planning for the job to end.
Round 2: Consulting job ends, but I've learned to PLAN for layoffs to happen in this line of work. Only searching for about 3-4 weeks as job marked has significantly picked up. Landed 1st start-up job at what became "psychotic start-up from hell".
Round 3: Fast forward a few years - best job I ever had, but the small company decided to use US employment law to shaft me & 4 others who had made millions in profit for them to lay of off with hardly any severance & zero warning after tricking us into TRAINING our replacements from an outsourcing firm in Ukraine (spoiler alert - everything is great at company financially: they just wanted to look BETTER on the books to get acquired). Bastards then had the nerve to call us back 6 months and ask if we'd come back (gee.. I wonder why...). The good news? I'm only unemployed for 72 hours - yes. 72 clock hours on the wall. Former colleague recommends me to a bigger, more professional consulting org that has a job my personal and professional experience is tailored for. Lunch WAS the interview w/ the director of development & development consulting. I sign the offer letter on the new job 45 min after signing the severance paperwork on the old job.
Round 4: I was asked to join a fantastic later stage startup with a bunch of very energetic & inspiring people. Then, there was a political coup where the CEO was thrown out of power and so, who got to go with him? Why the 3 newest technical staff hires + one bystander all in the name of cutting start-up burn rate. This one has ended up happy though, since the new CEO in power felt a little guilt for axing us he put 3 of us in touch with another start-up. 6 business days later for me, I've got a job again (same pay, better benefits, more "stability") and 1 of my other 2 friends also pursued & accepted an offer.
All of this was over the course of 20+ years as a developer. Not as a "team lead", not with any "management" or "architect" experience. Just a work-a-day mid to senior developer who likes to build & ship software. What I've learned from this:
Lesson 1: Never EVER let your skills slack. Keep learning new things, or hang up your keyboard and go sit in meetings (e.g. management, product, whatever). Note: If you're going to do this, it's fucking hard as hell to try and go back. It's also a completely different skill set to do it well as say, a development manager or a technical product owner.
Lesson 2: Keep networking & going to meet-ups and conferences. This helps keep your skills sharp and you inspired to keep learning.
Lesson 3: Lesson 1 + 2 does equal 3 - That is: "You will reach a point where not so much 'what' you know as 'who' you know will lead to your next big jobs and/or big opportunities". Don't burn bridges, as tempting as it may be.
https://www.bls.gov/ooh/computer-and-information-technology/... https://www.bls.gov/ooh/computer-and-information-technology/...