My situation recently took a turn, so I'll be monitoring this thread for any sage financial/life advice. To keep a long story short, I co-founded a company and have been working in it for the past 8+ years. I lost a power struggle with one of my co-founders and will find myself getting packaged out as soon as this week.
I had optimism that my situation would end up with some liquidity from my equity, but it's not looking promising. Instead, I'll be navigating the next 7 months while my wife is on maternity leave with our second child, thankfully with what appears to be enough severance to cover that timeframe with my salary.
With my wife headed into an executive role following her maternity (newly promoted during her time away), it's now debate time for me. Do I search for an executive role commensurate with my experience and stage in my career, or do I take somewhat of an intermission and just get a 'job' to provide more flexibility for my family, stepping up for what my wife previously had done for our family?
Our expenses can probably sustain my pulling back and waiting out some sort of liquidity, but I'm hesitant to take too long of an intermission so I don't compromise my earning potential in a pivotal time of my career.
Anyone who's had to navigate this compromise with your partner/young family, I'd love to hear your experience. My instinct is stepping back is the right thing to do, for a period, as with young kids (2x under 3) our flexibility is paramount. I have hesitancy if only because it's prime earning period of my career.
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