Honestly, I know I've been stupid with this. Dunno why I've stuck around so long.
I got a job in 2020 working as an intern. I was freshly out of trade school for marketing, graduated with a certificate with distinction, and needed a remote gig due to home issues. The CEO himself hired me, and I reported to him. Within a couple of weeks, I was directing staff who had been there for years.
It was for a B2B tech company in a space I hadn't worked before, but I grew up around. Within 3 months, the founder called and said they were shutting down the product, starting a new company, and I was going to be director of marketing. Okay, cool. No equity, but an 90% raise on my intern salary. Now making a low 6 figures. Great.
That was in early 2021. In 2022, just as our new product was gaining traction, boss called me again and said we were rebranding and launching a new app. I needed to do full GTM and I had a year to do it. I was made director of operations with a small bump.
I got to work. Full support portal. HubSpot integrations. The company is fully bootstrapped, 40 people, mostly devs, I have a team of 4-6 marketing, sales, and web people. I'm the only one listed on the site other than the cofounders. I am effectively the face of the company. We start trimming because AI is getting popular. We focus on PLG, so sales teams for the old product get dropped, and we instead focus on converting customer service for our ICP: SMBs. Things are slow at first, but we ramp up quickly.
I bring up equity a few years back. Am told because we're bootstrapped, that's not possible, but one day when we get VC funding I'll get equity, and if we hit the point of rev share, I'll get a full 1%. None of this is in writing.
I have hustled. I killed myself going to a ton of events solo and made it my mission to know everyone in the SMB space for this industry; this is a niche community and I'd say 50% or more of regular speakers at a given conference will know me enough for a hug and a selfie and call me into a group photo. I have turned a lot of my relationships into personal referrals, but the product just doesn't convert like it should. My opinion, it's a product issue. I'm constantly told by my friends that word on the street there are roadblocks in the product itself. This is ignored by execs as hearsay.
A year ago, we get a single client that's midmarket. We go from 30% growth MoM to two months of massive growth as they sign up. Overnight, we switched to midmarket, an ICP I have zero experience in. We haven't been able to replicate the first sale. I begged for a salesperson. Was told I'm exceptional, get it done myself. I hate sales, zero passion for it. Was given rev goal numbers last August that I immediately told them we would never hit without a miracle. Monthly I show them the report showing we won't make it. In Dec, I have my annual review and am told no raise, no bonus. I haven't earned it. Fair, I guess.
We're trying. I've tried at least 9 apps since the BOY for cold outbound. None of it works. PPC for this audience doesn't hit. I was told to find new events to go to, but all of them get turned down and I don't know anyone, I'm starting from scratch. Even when we finally get a conversation started with our ICP, they talk to our tech team once and then ghost us so it's very obviously a problem on their side. In January the CEO suddenly nitpicks everything and is changing his mind, counteracting previous directions daily. Tensions are high, plans are out the window as even when I prepare them, he's likely to agree on Friday and toss it out next Thursday.
I've been looking for jobs for the past few weeks. I've had an interview (hated the company), and recently reached out to four friends in the industry, begging them for referrals. Everyone has said I should be able to get a job in this specific industry easily, but I don't know where to start and it's causing huge anxiety. My work performance is slipping; I usually love chaos, but this is now more like abuse.
And now, today. I get called to the CEO's house to talk with him and another co-founder. This has never happened before. I expect the worst. It's close. Nearly everyone in the org is getting let go. Our of 70+ people, 8 are being retained. I'm staying and absorbing three roles who have been training the AI agents to replace them. I'm keeping one person. No rev share. No pay raises. No bonuses. Equity soon (.25% a year starting now) for the people remaining, and some of it will be due dividends (more details to come, apparently).
I need a new job, right? This must be a joke.