A Technological Propaganda - EIR (Entrepreneur In Residence) TandemLaunch Employee Review

1.0
30 Oct 2020
Recommend
CEO approval
Business outlook

Pros

An intense process that is good for practicing creativity, an opportunity to learn about the venture capital world, meeting smart immigrants. Pays but very little for a lot of work and responsibility.

Cons

Wild west, lawless, and fake it until you make it that you have never experienced before. Few great success stories, over a pile of hundreds of international students' exploitation. The closest thing to a cult, a machinery to make money and influence for others while you may or may not see the results. A very well crafted propaganda for outsiders, but very little transparency for insiders. That is why you hear very little about TL in the larger Montreal startup scene. Most EiRs are not based in Montreal, nor Quebec, but they are international students from Aisa on a temporary work permit sponsored by TL.

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.

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