Self-serving management and unstable environment - Anonymous employee TandemLaunch Employee Review

2.0
22 Oct 2018
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

You meet smart and energetic young colleagues and the partners provide good mentorship. The location is good, close to downtown Montreal, and the office space is large. You can attend French classes while you work here.

Cons

Those smart and energetic colleagues that you met yesterday, are not gonna be there tomorrow. The management are great sale persons; they delude bright PhD students and graduates with their few successful portfolio companies, sometimes bringing them in from other cities or countries, only to use them as cheap labour (2000$/month salary and no benefit or insurance) for a little while and let them go after. They use the handful successful cofounders to provide reference, not telling the story of the other 100 who left their jobs and degrees for nothing. They leverage on peoples vulnerabilities, taking mostly immigrants with visa issues and minorities. When almost every employee in a company is a minority, you can't call it diversity anymore.

Explore other reviews about TandemLaunch

4.0
25 June 2020
Anonymous intern
Recommend
CEO approval
Business outlook

Pros

Good supports across different projects

Cons

Remote working has created barriers for group work

1.0
5 May 2021
Recommend
CEO approval
Business outlook

Pros

You can learn how to not build startups. You can learn a lot about yourself and your priorities. If you want to be involved in real startups, go somewhere else.

Cons

There are too many things wrong with this company so I won't even get started. I warmly recommend: STAY AWAY! If you really consider it, I recommend to ask lots of questions. Ask deep questions. The retention rate is the lowest I have ever seen in any company ... and for a good reason! Do not only rely to get information from people who currently work there. Research the people who worked in various startups and have left. Contact them and ask lots of questions. Ask why they left. Ask how many "co-founders" joined and left during the course of the project. Ask how much equity they ended up (or would have ended up). Ask what kind of control they had over their project. Ask about limitations of their shares (e.g. TL's repurchase rights). Ask HOW their startup was funded (hint: it's not what they claim) and what the implications on the share allocations are. Ask how they define a successful company. Ask them if they think their startup (or other ones at TandemLaunch) are successful and why/why not. Ask many more questions. Most importantly: Whatever you do, have a backup plan. The chances are very, very high (yes, based on hard data), you won't be at this place for more than a year.

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