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Legit Request for CAREER ADVICE
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Date: June 2nd, 2025 12:38 PM Author: floppy bistre ratface telephone In-house counsel Make about 300k a year Have 1.6m options at current valuation but who knows if that ever realizes
Legal department is a shit show. Weak and ineffective boss. Exec team is in shambles with just tons of political infighting. Revenue is flat. Everything is dysfunctional and it’s infuriating trying while everyone seems checked out.
The equity is tying me down hard and job market seems like shit. What can I do? Almost every day by end of day I just want to burn the place down and get drunk just to cope with rage from all the idiocy |
Date: June 2nd, 2025 12:40 PM Author: Startled racy mexican How much of the 1.6m is unvested (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48980865) |
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Date: June 2nd, 2025 12:42 PM Author: floppy bistre ratface telephone 50 percent only vests on sale so I’ll forfeit that right off the bat. Of the remaining amount, I think maybe half is still unvested. So maybe 400k is vested. They have an option to repurchase it if I quit but it’s unlikely they would since the company has been flat and the market sucks, better to keep cash on hand (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48980876) |
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Date: June 2nd, 2025 12:46 PM Author: Startled racy mexican Wait, this is a private company? (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48980892) |
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Date: June 2nd, 2025 12:46 PM Author: floppy bistre ratface telephone Yes (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48980898) |
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Date: June 2nd, 2025 12:49 PM Author: Startled racy mexican Yeah so that money is meaningless. Don't quit but don't stay because of that. (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48980905) |
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Date: June 2nd, 2025 12:49 PM Author: floppy bistre ratface telephone I made over 500k last exit (at this company) so it is possible (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48980908) |
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Date: June 2nd, 2025 12:55 PM Author: pearl macaca Sounds like this company is a shitshow though (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48980931) |
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Date: June 2nd, 2025 1:02 PM Author: floppy bistre ratface telephone Yep. I hate it. I’m tempted to just slack off and get a severance but I am a striver at heart and still work a ton and get worked up about everything. I’m a workaholic and this sucks. I’m not some remote only type that can be happy doing nothing (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48980960) |
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Date: June 2nd, 2025 1:03 PM Author: Indecent cruise ship mother Same. I did that and got fired with 3 months severance. It fucking sucked and still sucks. Being unemployed is terrible. (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48980967) |
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Date: June 3rd, 2025 2:22 PM Author: Titillating Milky Cuckoldry "I am a striver at heart and still work a ton and get worked up about everything. I’m a workaholic and this sucks"
In-house sounds like a bad fit for you. |
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Date: June 2nd, 2025 1:16 PM Author: Exciting theater boltzmann (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48980994) |
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Date: June 2nd, 2025 1:46 PM Author: Pink shitlib check the shareholder agreement, you likely have to purchase your options within 30-90 days of exit and you'll pay tax on the difference between the 409a and the current valuation (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48981082) |
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Date: June 2nd, 2025 1:56 PM Author: floppy bistre ratface telephone Options are just RSUs with 0 basis or worth until exit. The company has 60 days to buy vested rsus otherwise would just let it ride like everyone else (probably preferable because PE rapes you on valuation if they buy back early). (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48981102) |
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Date: June 2nd, 2025 6:59 PM Author: Pink shitlib options and rsu's are entirely different things. you have rsu's, not options (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48981746) |
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Date: June 2nd, 2025 12:40 PM Author: Fighting forum sex with men, for money
in all seriousness, i would start interviewing and leave if something gets you excited. life is short. and if you don't have a current timetable for exit, and especially if revenue is flat (red flag), who the hell knows what'll happen with those options |
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Date: June 2nd, 2025 12:41 PM Author: concupiscible garrison headpube (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48980873) |
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Date: June 2nd, 2025 12:44 PM Author: floppy bistre ratface telephone I would love to leave but seems like market is shit. It’s all just crypto fraud places hiring. Makes you wonder why these guys want legal so much. Just a fall guy for prison probably (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48980887) |
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Date: June 2nd, 2025 2:02 PM Author: deranged sickened crackhouse Crypto and fucking healthcare. Fml
Job market sucks. Been trying to leave my GC gig for like 7 months now and have had only one good lead. A former co-worker just reached out about a GC job his company needs to fill, so maybe my luck is about to change
For context, my company sucks worse than yours and my commercial leaders are destroying us |
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Date: June 2nd, 2025 3:34 PM Author: Fighting forum lol this speaks to me, i've taken some calls also, but refuse to do crypto, health tech, or fin tech (as they sound like pretty risky businesses to join, if they don't know wtf they're doing--are probably all way out of compliance) (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48981343) |
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Date: June 2nd, 2025 9:01 PM Author: concupiscible garrison headpube Hold up, what’s wrong with crypto?! It’s actually pretty chill (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48982005) |
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Date: June 3rd, 2025 8:12 AM Author: Fighting forum I am sadly a nocoiner and while bitcoin has uses and is very cool, I do not understand why the value is not zero. Also the whole industry is full of charlatans and grifters (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48982787) |
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Date: June 2nd, 2025 12:42 PM Author: shaky crimson church building be honest. do you really think your company has a shot of being one of the very few that sees a liquidation event big enough to let ordinary employees cash out? if not, leave (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48980877) |
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Date: June 2nd, 2025 12:46 PM Author: floppy bistre ratface telephone I made a lot on one liquidity event already and my company is very profitable with good ebitda margins, so it is possible there is a legit path to real $ here. It’s just I’m getting impatient for it and realistically it could be another 3 years. I hate the company so much (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48980895) |
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Date: June 2nd, 2025 12:54 PM Author: shaky crimson church building then it sounds like you should stay. working in tech is getting worse and worse. the shitty situation you know is better than an the unknown one (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48980924) |
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Date: June 2nd, 2025 12:53 PM Author: peach supple mad-dog skullcap temple What's your specialty? (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48980920) |
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Date: June 2nd, 2025 1:00 PM Author: floppy bistre ratface telephone My bread and butter is deals. Handled about 10 m&a deals in last two years. Any big commercial partnerships etc always come my way. But I also do other random shit. Handle about 80 percent of our active litigation, which is mostly just handled by outside counsel but it still takes time. (I hate doing this work.) All the corporate governance/maintenance work, just work with our finance/tax/treasury team a lot. I have a really broad remit. Part of my issue actually is that my job is do dependent on our GC. I’m his pet and it’s paid off but if he ever left I’d be fucked. He’s become extremely weak recently and it makes my job annoying as fuck. (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48980947) |
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Date: June 2nd, 2025 1:18 PM Author: Exciting theater boltzmann I could be retarded but this sounds like a certain telecom company for whom it is a nightmare to litigate (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48980999) |
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Date: June 3rd, 2025 11:25 AM Author: Razzle-dazzle Grizzly Party Of The First Part Why did he becum weak (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48983275) |
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Date: June 2nd, 2025 1:50 PM Author: Tripping aggressive gas station selfie Market’s very soft at in-house departments. I see people moving around for specialist roles, but not a lot with your sort of generalist skillset. Dealmaking is particularly weak.
But in ordinary times your skills are the more in demand end of the legal spectrum. Ride it out while looking for something with much stronger comp in the meantime? Geography changes are a PITA, so don’t be rash. |
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Date: June 2nd, 2025 1:58 PM Author: floppy bistre ratface telephone Yeah. I think you’re right. I just need to ride it but it pisses me off. Specialist stuff is not my thing. Need deal making to come back. (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48981109) |
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Date: June 2nd, 2025 2:04 PM Author: embarrassed to the bone roast beef it's never coming back, son (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48981127) |
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Date: June 2nd, 2025 2:10 PM Author: floppy bistre ratface telephone Fml (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48981144) |
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Date: June 2nd, 2025 8:03 PM Author: Fighting forum agree with all of this - moving is a lot of work. which sort of weighs towards, stay put, unless you've got something good. but i guess otoh i've seen people recently have short resume gaps and it doesn't seem to hurt them much. (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48981874) |
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Date: June 2nd, 2025 1:59 PM Author: Trip jap business firm Get acquired. Poof! Millions and ‘vacation’. (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48981113) |
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Date: June 2nd, 2025 2:00 PM Author: soggy turquoise senate This sort of job always looks like it sucks from the other side. Unless you go be a PE boss I am not sure you'll find happiness somewhere else. (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48981115) |
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Date: June 2nd, 2025 2:10 PM Author: floppy bistre ratface telephone What do you mean (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48981147) |
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Date: June 2nd, 2025 2:19 PM Author: soggy turquoise senate In house people I deal with outside of pure financial companies always seem like they have chaotic jobs (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48981161) |
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Date: June 2nd, 2025 2:00 PM Author: Titillating Milky Cuckoldry Sounds like you want to leave in which case it can't hurt to start looking. You also know the market is crap right now, but that doesn't change the strategy of "look until you get an offer that makes it worth jumping ship for."
If it were me, this doesn't sound terrible. There's always in-fighting in-house and I'm not a workaholic. Working remote is one of the most important things for me. Sounds like you're doing the work you want to do anyway so it isn't like you're relegated to shitty work that isn't interesting. So one thing you'll want to think about is what you really want. Is it more money? Is it more senior title/role? |
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Date: June 2nd, 2025 2:13 PM Author: floppy bistre ratface telephone More power and influence at a better company where I respect the people I’m working with. I would like more money but honestly the money isn’t bad especially given decent equity and upside. |
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Date: June 2nd, 2025 4:10 PM Author: Indecent cruise ship mother "respect the people"
good fucking luck |
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Date: June 2nd, 2025 8:02 PM Author: Fighting forum (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48981870) |
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Date: June 2nd, 2025 10:46 PM Author: Titillating Milky Cuckoldry What would make you "respect the people?" In-house isn't where you generally go if you to hang out with hard driving workaholics. Most of us went in-house specifically to avoid that bullshit. You could go to Amazon or Netflix or some other notorious sweatshop. (http://www.autoadmit.com/thread.php?thread_id=5732536&forum_id=2)#48982247) |