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Going in-house might be better than making partner

I'm in a boutique where PPP are ~1 mil. Non-equity partners ...
waka
  03/12/18
It's a personality question.
(_))_______GOLDENROD_____))>
  03/12/18
The drop from 385K to 225K is going to kill me, though, but ...
waka
  03/13/18
ljl how are you going to survive that bro
I said RESEMBLE monkeys
  03/13/18
he's going to have to drop his kids off at the local orphana...
Rafael Ironside, ELEVEN TIME Monte Carlo Champion
  03/13/18
can bros still make money doing gay for pay?
I said RESEMBLE monkeys
  03/13/18
i think you're looking for earl
Rafael Ironside, ELEVEN TIME Monte Carlo Champion
  03/13/18
non equity partners have to buy in? ljl
jerold
  03/13/18
They have to set aside $ in case they do make equity partner...
waka
  03/13/18
The benefit to making partner is the potential upside.
Rafael Ironside, ELEVEN TIME Monte Carlo Champion
  03/13/18
that's also the benefit to working for a startup or buying a...
I said RESEMBLE monkeys
  03/13/18
sure. going in-house is kind of a dead-end growth wise. i...
Rafael Ironside, ELEVEN TIME Monte Carlo Champion
  03/13/18


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Date: March 12th, 2018 10:04 PM
Author: waka

I'm in a boutique where PPP are ~1 mil. Non-equity partners are making around 550k, but they have to buy in (around 150K), pay for health insurance, and no 401k matching.

An in-house gig I'm interviewing for is closer to home, no billables, 9-5, health bennies, 401k match, and 225K salary.

Seems fairly comparable if you ask me

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35591571)



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Date: March 12th, 2018 10:05 PM
Author: (_))_______GOLDENROD_____))>


It's a personality question.

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35591579)



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Date: March 13th, 2018 10:52 AM
Author: waka

The drop from 385K to 225K is going to kill me, though, but I'm looking forward to the reduced workload

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35594252)



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Date: March 13th, 2018 10:55 AM
Author: I said RESEMBLE monkeys

ljl how are you going to survive that bro

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35594276)



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Date: March 13th, 2018 10:55 AM
Author: Rafael Ironside, ELEVEN TIME Monte Carlo Champion

he's going to have to drop his kids off at the local orphanage

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35594279)



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Date: March 13th, 2018 10:56 AM
Author: I said RESEMBLE monkeys

can bros still make money doing gay for pay?

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35594284)



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Date: March 13th, 2018 10:56 AM
Author: Rafael Ironside, ELEVEN TIME Monte Carlo Champion

i think you're looking for earl

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35594288)



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Date: March 13th, 2018 10:54 AM
Author: jerold

non equity partners have to buy in? ljl

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35594266)



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Date: March 13th, 2018 11:33 AM
Author: waka

They have to set aside $ in case they do make equity partner. The whole arrangement seems messed up. Itís like hey, you probably wonít have the cash to buy in later so weíll just take it from you now. Lol. They do give you 5 years to pay in. Itís a brilliant way to get more work out people. Associates work hard at the chance to make partner (non equity) then the clock gets reset and non equities have to work even harder to bec equity partners. Itís a 13-15 yr plan.



(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35594571)



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Date: March 13th, 2018 10:54 AM
Author: Rafael Ironside, ELEVEN TIME Monte Carlo Champion

The benefit to making partner is the potential upside.

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35594274)



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Date: March 13th, 2018 10:55 AM
Author: I said RESEMBLE monkeys

that's also the benefit to working for a startup or buying a lottery ticket

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35594281)



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Date: March 13th, 2018 10:56 AM
Author: Rafael Ironside, ELEVEN TIME Monte Carlo Champion

sure.

going in-house is kind of a dead-end growth wise. if you're okay with that, then it can be the right choice.

(http://www.autoadmit.com/thread.php?thread_id=3916905&forum_id=2#35594286)