employer cover photo
employer logo
employer logo

Founders Factory

Is this your company?

Heart in the wrong place - Anonymous employee Founders Factory Employee Review

1.0
19 Mar 2018
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The accelerator is good. A lot of the people are nice. The whole business is founded on having "friends in high places" so it's good place to get intros for networking.

Cons

Nobody cares if you do good work. Telling ridiculous, embarrassing lies (to external people, new hires, and colleagues) is the most highly valued skill. People sit around laughing about the extreme lie they told, and get praised for it. It is always somebody else who take the consequences of their lie. This is why the good people quit or get pushed out. The dishonest people get scared of being exposed and create a toxic culture by their behaviour. There is no desire to actually build good, functional software or innovate businesses which add value to the world, only to keep telling bigger and bigger stories to get investor cash for mediocre ideas. These businesses will mostly fail. All decisions are made by the personal opinions of a mini political clique close to the CEO. The current group enjoys the power, but it wont last long because there is a blame-purge of senior management every 6 months, when the investors become unhappy and demand change.

avatar
Founders Factory Response
8y
Disappointed to hear your experience, what we're doing at Founders Factory isn't easy - building and scaling 200 startups over five years. We strive to improve our process continually, run regular retrospectives with all our teams, and of course welcome feedback from all quarters. I would welcome you, and any other former colleagues, to reach out and speak to me direct about your concerns. I am surprised to hear that you feel there a culture of lying would ever be tolerated, and that our investors demand mngmt changes regularly when our snr team has only had one change since day one. Regards, Henry

Explore other reviews about Founders Factory

3.0
19 Oct 2023
Recommend
CEO approval
Business outlook

Pros

Great team of smart, hard-working people.

Cons

Weak leadership that does not take responsibility for its actions.

1
2.0
15 Jul 2017
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The concept sounds great and the work should be great (it's not). They hire some exception people, have incredible resources and network reach. The CTO is incredible!

Cons

Poor leadership (apart from the CTO) which hasn't created the best culture. The product team turnover is really high as the work turns out to be chaotic and without real direction. They are great at the "public image" but their actions don't support this.

15
See reviews by: Helpful|Rating|Date|All