Pluspunten
Redesign paid extremely well and had great benefits.
Minpunten
The leadership and business practices raise several red flags and the CEO is by far the worst CEO I have ever worked with. Leadership: - CEO rarely communicates with employees, even at company All-Hands meetings. I worked there for 3 years and he maybe spoke at 4 All-Hands during that time. - Frequent, abrupt strategic pivots based on CEO's newest hire's influence - CEO is very secretive. Only uses Signal for communications - Any competent leader is fired or quits because they realize the CEO is terrible. COO left after 8 months. Every Head of Ops was fired or changed roles. Switched Product Leaders / CPOs every year. Business Model Concerns: - They launch ventures only to extract large "seed fees" from their portfolio companies. Now I won't say any numbers because I don't want to reveal any proprietary information but let's go through a ~hypothetical~ scenario where a venture studio starts a portfolio company and promises the incoming CEO of that new business ~$4mm in funding but then charges them back ~$2mm as a seed fee for the work they put into research and the support they will provide as the business launches. This *might* make sense if you have a huge platform team that's helping them build the business but definitely does not make sense when you layoff the entire platform team but still charge that fee. - Revenue model incentivizes quantity over quality of launched businesses, feels like a pyramid scheme - Very litigious against former employees, almost anyone joining another venture fund or healthcare startup is serves with a lawsuit - Shifting focus to Saudi investors after struggling to raise capital domestically due to poor fund performance Employee Impact: - Multiple rounds of layoffs - Teams spend up to a year building products only to face complete directional changes - Lack of stability or clear strategic vision - Poor resource allocation and business continuity