Sam Jacobs

speaker

42 appearances 1 recordings 1 series first heard Aug 2021 last heard Aug 2021

Sam Jacobs’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Want to Leave Your Job? Here's What to Ask Yourself First. · 4 Aug 2021 podcast

And as a consequence, I lost out on a tremendous amount of money.

you know they say hindsight is 20 20. was there any way to know that things were poised to improve at that company no there wasn't any way to know you know i had had a previous experience where i worked at another place for four and a half years uh and i left there and i chose to exercise my equity and that company quickly went to zero that quickly became what we call in startup land a zombie company which means

It has enough money to continue to exist, but it's not going to produce any returns for the shareholders.

And so I thought that I had learned this is the problem with human cognitive reasoning, which is that I derived this very important life lesson from this one experience, highly anecdotal, that, okay, this means that going forward, if I choose to leave a company, I will not exercise my options.

I put that lesson into practice when I departed this other company, and obviously we know what happened, which is that it was a mistake.

I give this advice to a lot of folks, and particularly to younger folks that tend to be a little bit more impatient.

And my general advice oftentimes is to stick around.

The rule of thumb I have is give a company six months to correct whatever perceived errors or mistakes you think they've made, whether about your own personal growth and development or because you think they're being mismanaged.

Companies aren't able to change on a dime.

And oftentimes people are too impatient to take a perceived slight.

They didn't get the promotion.

They didn't get the raise that they wanted.

and turn that into a reason to leave.

It's true that right now the job market is incredible, at least for white-collar work.

But I just think that in my experience, sticking around and watching what happens after you've learned the lessons and truly built something and developed institutional knowledge and institutional relationships, that you understand how to get things done, that is an invaluable set of skills and expertise that people often undervalue.

And so my general advice is if something's going poorly, give the company some time to correct it.

And in general, your default position might be, in fact, I think it should be to stick around and see what you can build, even if their situation isn't perfect.

Last thing I'll say is that's because every corporation or whatever we want to call the legal structure, every grouping of human beings is inherently flawed.

is inherently has problems and isn't going to be perfect.

And sometimes people correct for one series of perceived shortcomings and failures.

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