I started a startup late 2022. In the process we raised $400k and have built an awesome product. However, we could not generate much revenue as we did not do good marketing. Between salaries and business expenses, we have about 9 months of runway left. I want to give one final push before we shut down.
I think I will have to go to job market again. I don't have life changing savings yet so working will be essential.
How do I transition back to job market? My skillset is mostly technical and I also have management experience. But, reading stories about layoffs and people struggling for months gives me dread. I am not sure how it will be but I feel lost after 18 years of experience.
What am I supposed to do? I can go to managarial route but there are not much positions open at least today. I can go into IC role but coding every day is not something I enjoy. All prior roles I held were related to engineering.
What are your thoughts on navigating this transition?
codegeek•1h ago
The thing is that if you are planning for Plan B and get a job, it sounds like you have already given up and will just burn Investor money for next 9 months while planning to get back in the job market.
chugchug•1h ago
We are also trying fundraising to extend runway. Fundraising has changed so much now that people expect 1M in 6 months(?). I understand revenue expectation and not just building. But, applying viral product expectation to every product is not correct. But, it's their money and their expectation.
I have not given up yet. Which is why I mentioned one final push. And we are not burning investor money. They know and they are fully onboard to continue. We might wind up early and return the money. Nowhere I said we want to burn the money.
But, as a family man in 40s, I have to plan for the future. I can't just wait and see if things don't go write and then hop onto job market. Winding down is also a big work from employees, tax, compliance standpoint.