Ask HN: Should I Take CTO/Co-Founder Role?
I'm a little at a loss here. My CEO just offered me to fill our vacant CTO role and become a co founder to the company. I feel up for the challenge and capable of the responsibility, but I'm a little fearful of taking a salary cut (from ~100k to < 50k). I am our only earner between my wife and I, and we are finally reaching "financial equilibrium" (we racked up a ton of debt just after college and are nearly in control of it) and I really wanted a few months of normalcy or at least general liquidity to establish some savings and pay off some debts before plunging into something like this.
The opportunity for reward of we're successful is immense and really enticing but don't know if I can stomach the risk. Short of budget adjustments (which we're planning now) what options do we have with our shitty credit to help float the next few months? I'm not per se looking for a yes/no, I just want opinions of those more experienced than I so that I can make a more informed decision.