Hello, I hope I am not breaking any rules but I need to ask this community advice.I am going to try and be as thorough as possible while ensuring this not long drawn out text.I am currently 25, working at a bank in a senior role. The position I am in is great. I have a great team and manager. However, from a challenging point of view, it’s not complex for me. I am an entrepreneur at heart and enjoy problem solving. I currently feel my ability is wasted.There has been a recent opportunity to leave the bank and run a startup. The opportunity presented itself from a colleague of mine who has hand picked me due to my ability, willingness and hunger to succeed. If I go ahead, we would both have to leave the bank all together.The idea is great and I can see the potential and scale opportunities.However, the problem is as follows.He is currently 50/50 with investors and wants me to jump on board starting as a salaried individual. My role would be as a Managing Partner and I would learn a hell of a lot within two years (the projected capital runway). We would both manage the business, I just wouldn’t have equity.I have mentioned that in order go ahead I need to have skin in the game (equity) otherwise I’m simply in the same boat as I am now, with maybe more autonomy and room to grow.Unfortunately the investors aren’t happy with this as they believe we need to “earn our stripes” and will allow me to receive profit share. I will ensure that from a contractual point of view I am paid every month, so the monthly income isn’t a concern.I’m not sure if I’m willing to “risk it all” for not surety. Yes I’ll make more every month (he said he can pay me more) and I’ll be open to profit share, but I won’t have vested interest in the business.Eventually (if all goes well) I will be open to equity options (within 2 years) as per the conversation with my potential partner.What do you think about this?Is the risk too much?Am I helping build a business with no personal guarantees?Any advice would be greatly appreciated.Thank you. see hubwealthy.com/wealthy
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