Is this a job offer or first talks with a recruiter?

If it's an offer dig into the company as much as you can to see if there's even a remote possibility of being laid off in 3 months if the economy sinks any further.

The reality is, if it pays 3x what you're making now, so long as you continued living according to your current salary and were able to stay on at least 3 months, you'll have enough saved up in the event of layoffs to hold you over while you look for another job. Even still though, job hunting whilst unemployed really sucks. Something to think about.

If this is just a recruiter reaching out to you to start the interview process. Set up an interview, no harm in learning more.

belgianmalsales

Personal Narrative

Account Executive

^^^^ 100000000%
qualify qualify qualify qualify qualify qualify
I was burned on my last change for not qualifying the company, previous history of product, territory, manager, prior employees, turnover, quota, quota attainment in the past, path to hit quota etc really basic questions now that I look back on it and hiring process was wayyy too easy (2 interviews and similar to you pay raise ((only 33% but still made me jump on it))).

lessons learned, yes 3x is dope but be hesitant IMHO / if 2 gud 2 b tru then :-/ maybe it ain't meant to be

Unironically hope it does work out for you tho! Best of luck mate !

braintank

Politicker

Enterprise Account Executive

Name one successful web 3 company that engages in B2B sales...

butwhy

Politicker

Solutions Engineer

This was going to be my question. Who on earth thinks this is a good idea in a bear market watching the VC money collapse in freaking real time?!

Diablo

Politicker

Sr. AE

High Risk = High Reward.. I would go by my gut feeling..

Sunbunny31

Politicker

Sr Sales Executive 🐰

Solid offer, or recruiter giving you their numbers?

If it's just the recruiter reaching out, vet the job thoroughly the way you'd do any process and see if it's a fit, etc. You'll have a better sense of whether or not the reward is worth the risk once you've gone through the process a bit more.

CuriousFox

WR Officer

🦊

I'd be worried about how long they'd be around. Sure 3x salary is great, but not for just a month. I'm a worrier. 🤷‍♀️

jefe

Arsonist

🍁

If you're open to the risk then go for it - that's huge.

DevSomeBiz

Valued Contributor

Senior B2B Sales Guy.

Plot twist - his current salary is minimum wage....

antiASKHOLE

Tycoon

Bravado's Resident Asshole

Lmao!!

braintank

Politicker

Enterprise Account Executive

You just realized you're vastly underpaid. But personally I'd never go work for a web 3 startup because you'll likely be unemployed in a year.

CuriousFox

WR Officer

🦊

That's what I said!

braintank

Politicker

Enterprise Account Executive

Great minds foxy!

FinanceEngineer

Politicker

Sr Director, sales and partnerships

Considering the cash going into the space, I disagree. This is selling the pick axes and Levi’s jeans to the new gold rush. Check out the Gartner hype cycle, it’s currently shaking out the BS and getting ready for long term growth.

braintank

Politicker

Enterprise Account Executive

Ok so name one successful company. The only thing I can think of are cold wallet storage, which is a very small TAM.

Industry is based on fraudhttps://www.forbes.com/sites/javierpaz/2022/08/26/more-than-half-of-all-bitcoin-trades-are-fake/?sh=582e52d46681)

Only people who will make money are sleazy VCs who get in early and leave retail holding the bag.

FinanceEngineer

Politicker

Sr Director, sales and partnerships

Block, consensys, coinbase, IBM (hyper ledger, and a few other business lines), LVHM (multiple NFTs), Tiffany’s (just had a drop), and I can go on. Those are just top of mind, not including the finance companies or the betting sites. There are a handful of identity and compliance companies that use it as well.

braintank

Politicker

Enterprise Account Executive

I don't see it catching on with mainstream after they were left holding the bag during bull run. I've seen stats that most people who bought are deeply underwater.

Look at the charts for block and coinbase.

NFTs are money grabs for greater fools.

And I've yet to run into an actual use of blockchain in the wild -- or hear it explained in a way that is better than using a traditional database.

If you're in the web3/crypto/defi community, you probably disagree, but to me that's a symptom. People who are in are all in, and suffering from sunk cost fallacy. Many (probably majority) of consumers and retails investors either think it's scammy or simply don't care.

DungeonsNDemos

Big Shot

Rolling 20's all day

Are you looking to take on risk right now? What could this lead to?
If you can stay there even a year, you've made 3x what you would have made by not going anywhere.

TennisandSales

Politicker

Head Of Sales

I would take the 3X salary and take the risk.

If it goes to shit and you get fired within the next like year, you have a great story and will be able to rebound. no one will blame you for taking the jump for that.

Pachacuti

Politicker

They call me Daddy, Sales Daddy

I guess I need to ask “3x of what?”

But high reward = high risk. You could be leaving a very stable job for a job you won’t have 6months from now. Or could show in a lambo in 6months.

antiASKHOLE

Tycoon

Bravado's Resident Asshole

3x the salary, maybe depending on what that was in order for me to make the unknown jump

Notmyrealname

Politicker

What does the company do?

Gasty

Notable Contributor

War Room Community Manager

Series A? @EndTheFed

Patashon

SDR

Risk it for the biscuit.

Kosta_Konfucius

Politicker

Sales Rep

3x your current salary!!!! Unless you didn’t like the people you are interviewing with I would accept!

Worst case thinks don’t work out but you should have so much more saved due to being paid 3x more

Angusmacg

Valued Contributor

Territory Account Mgr.

Clearly it is very tempting but knowing that they are offering such high pay seems like a red flag to me. Most startups tend to fail because 1) poor operations plan (look into this for this company) 2) high salaries to attract people (basically this eats away at their capital very quickly) 3) Failure to anticipate headwinds (this could be regulations, economic downturns, etc.) 4) Management team (have they run startups before and what happened to them; if not then stay away but if so did they "pump and dump")

I think your decision should be based on what is best for you and your family. If you are single and young then it is definitely worth the risk. If you are mid career then it still may be worth it but don't go making large purchases.

doingthehustle

Good Citizen

Most Recently Account Director

If it is a start up and you really want to pivot to Web3 research the following: 1) what series are they: seed, A, B or C etc. Be cautious if they don’t have at least Series B. 2) Do they have a proven market product, what makes them better than their competitors that will allow them to excel above them? If not proven yet, it is high risk. 3) Are they able to run the company on the current revenues or are they relying on the investment cash, if so what is the burn rate and are they relying on the next round to keep them going? Risk if they need another round to keep the lights on. VC’s are not spending like they did pre 2021. 4) Don’t count the options (and you should get some at a startup) as income. It takes 10 years for companies either exit or go public, most people are jumping every 2-4 years. Cash is king.

phonemonkey

President, Head of Sales

Life is about taking risks. I say go for it

saaskicker

Celebrated Contributor

Enterprise AE

They will fire you 3x faster as well.

Dipliu

Senior Sales Development Rep

Scared money don’t make money. But no money also don’t make money. Choose wisely.

punishedlad

Tycoon

Business Development Team Lead

If it's actually an offer, take it to your current employer and tell them to nut up or shut up.

mizperception74

Opinionated

Insurance broker & Sustainable Development Board Member

If you can afford the risk, take the risk. If not, ride what you have until you either can afford more risk, the offering company becomes more established, or another less risky company makes a great offer.

MROPINION

Good Citizen

MANAGER

YES PLIS

leo595

Account Manager

Remote jobs are required....

AlexanderWilson

SDR In Training

Talk to the management, talk to their investors, CUSTOMERS, and get as much 1st-party feedback regarding how/what the startup will do to stay in business-- besides hiring you :)-- amidst the onset of fierce headwinds.

And if you belive in the startup's vision, and understand why it will work, then lead the weathering of the storm with the team. #MakeThat3XCount!

Mohanze

Sales rep

I advise you to take up the startup job because you have the experience and knowledge that so far you could need together from the huge company....
Second, it is paying more 3x your salary
I go for it

Seenmostthings

Some solid advice here - never move for salary unless you are being underpaid/valued - especially in a bear market like today - wish you luck

Basher

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EndTheFed

Just Got a offer from a startup willing to pay 3x my current salary

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