Ask HN: Quitting my job tomorrow, advice?
I believe they will be receptive to this idea, what things should I try to negotiate?
I have not signed any non-competes or non-disclosures and haven't discussed the idea with anyone or started writing business specific code yet, to be safe; so I don't need to ask permission.
However, I'd like to try to convert them into a paying client for a product that we'd discussed nearly 2 years ago but haven't implemented (it's been effectively killed).
If anyone had any advice or has successfully done this, I'd love to hear your advice.
-- disclaimer: I understand most people here aren't lawyers, I am not soliciting legal advice. I am just looking for personal advice from a group of peers in order to better form an opinion. I promise I'll treat all of this as advice. Thanks
Cross that bridge when you have a working version 1.0. A heads up might just cause the project to revive. And if you pivot after telling them your plans, you may leave them hanging.
Most importantly, don't make your business model dependent on having your former company as a customer. The most sincere intentions to funnel business towards you may go unfulfilled, even when the benefits of working with you appear obvious. Don't kid yourself, you are a potential competitor.
My advice is to leave on the best terms possible and consider your former employers as part of your business network. Call and go to lunch once a month or so. It's the social relationship that will have the largest payoff in the long haul.
Good luck.
So just don't do it for the sake of good relationship with this employer.
Also a lesson of being independent which you know already: you don't have to excuse yourself. Do your stuff and move on.
The point at which you are leaving isn't probably the best time to look for business. Just try to leave without burning bridges, which usually means saying very little.
http://www.expatsoftware.com/articles/2007/02/two-weeks-vaca...
What did you quit for?
I don't think you should sell your idea before you build it. Tell your boss about your ambitions to do a startup, and how you saw an opportunity that you believe is very promising, which is the reason you are quitting.
Tell your boss that you always looked up to him, and ask if you two can stay in touch and ask him for some advices for later. If he replies affirmatively, stay in touch, and exchange Emails from time to time, and then when your product is available, ask him to dinner and pitch it to him.
If he replies no, then he's probably not too pleased with your leaving, thus it wouldn't be a good idea to pitch anything. Save it for later.
Best of luck man!
So two tips:
- Make sure you're ready. I knew going in, just like you feel you do, that they would be open to my plan. A lot of the time leading up to giving my notice was spent making sure I was right. I quite literally spent three months getting the balls to jump ship and making sure I was pretty confident I would come out with a client.
- For the love of God, play it cool when you tell them. Try and remember that you're quitting a job and not making a sales call. I wouldn't lead with your plans until they ask. During our conversation about the transition, the chit-chat slowly worked towards what they should do when I was gone. That's when I threw out that they could hire someone else full-time or take me on as a contractor for the technically heavy work and dish out the rest to existing employees.
The only thing I find worrisome about your scenario is that you're apparently counting on them buying a product that doesn't appear to exist yet. They can say "Sure, great idea!" on the day you leave and then, months down the line when it's time to play ball they can act dumb and say "No thanks, baby. That was just pillow talk."
I feel like you might be putting the cart before the horse a bit here but I wish you the best of luck.
Fine to say you're leaving to pursue your own thing, but it's not the time to be offering anything other than help in finding or training a replacement and making the transition easy on them so they look back at you in the most favorable light when you do approach them down the road.
Actually, if I were to negotiate something, it would be the possibility to do consulting work if I needed more money while building the other business.
1. ask them to invest in your startup and take an equity stake.
2. ask them to partner with your startup and do some joint marketing stuff (if your product is truly a complement to their product.)
3. If any engineering effort (on their behalf) is needed to make your product and theirs interoperate, try to negotiate something where they agree to implement that, so you can fully leverage the "complement" position when you market your product. Not sure what you'd have to give up (if anything) to get this, but it might be worth pursuing.