Transition back to job market in 40s

Question

Hey,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 · Accepted Answer

If you have an awesome product and 9 months of runway left and you admit that you could better marketing, why don't you focus 100% on the business for now and try to grow the revenue by doing better marketing ? Also try and stretch that runway for more like 12-18 months if possible. Go all in. What is stopping you ?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.

godot · Answer

I don't have "the right answer" for you but I would just chime in that in the current job market, your best bet is your existing/previous network. Reach out to folks you previously worked with in past companies, especially those in tech leadership positions. With more and more AI applicants trust is weighed more than ever and existing relationships is a major leverage point now.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.

quantdev1 · Answer

Why not take a pragmatic approach?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.

tracker1 · Answer

My only advice is when you get there, take what you can get for now and passively look until you can find a better fit. There's still a fair amount of contract work, a lot of it isn't the same level of pay from even a year or two ago though.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.

ivape · Answer

You're just gonna have to suck it up man. If you don't, the reality will just transform you over time where you won't even need to suck it up and get a job, it'll be the only thing left to do.
I don't like working, but I have to work
If you have to, you have to. If you don't have to, you don't have to. Some people on here are well off as fuck and can truly not work for extended periods of time. It's just the way the cookie crumbles.