Ask HN: Transition back to job market in 40s
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?
I don't know if this "should" be how it is but this is the reality based on what I observe now. Hopefully you have some relationships you can reach out to.
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.
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.
I spent the better part of the past couple years not working, and finally had to break down and take what I could get instead of holding out... I wish I'd done it months sooner, before hitting that critical point.
Your options are becoming an FTE or doing some sort of contracting/consulting.
After your experience - and given your message - it sounds like you're leaning towards employment.
So:
1. Focus on the managerial route for a period of X months. Forget about positioning yourself for an IC role, since it's not your preference.*
2. Treat this as a GTM project. You are the product.
I'm willing to bet that - based on your experience - you'd have a hell of a narrative that differentiates you.
*If an IC role is offered to you while you're looking for a managerial role - seriously consider taking it - to hedge.