FedTech Reviews

Too bad they choose to lie in their response to try to smooth over the actual experiences of actual employees. So fine, I'll respond to your rebuttal, point. by. point: * FedTech is a privately held company. Equity is part of almost every W2 compensation package that the company offers. - Really? I was promised equity during interviews, during onboarding, and during my employment; yet by the time I left I had zero equity in the company. If you're so sure I got my equity, then I must have misplaced it under the sofa or something, weird. * We launched a 401k plan two months prior to your review with a 3.5% company match after as little as 9 months of employment. The plan is available to all full-time employees. - Forgot to mention the part where you deflected questions about 401K for over a year? Maybe so many employees left in response to the unkept promise that you finally decided to put the plan in place to avoid turnover costs. * Leadership team members do not raise their voices to current or former employees. Doing so would run contrary to our culture and our values. - Dude, Ben, own up man you're a big boy. The analyst you yelled at, that person and I are good friends, we've kept in touch after leaving your company and he told me about your temper tantrum episodes in vivid detail. Should I screenshot our convo and fax it to you? * The work that we do to accelerate the commercialization of Deep Tech on behalf of agencies (including NASA, VA, DOD, DOE, DHS, DOC, HHS) is vital to their missions and helps contribute to a better society. Our solutions leverage proprietary online learning resources, expert networks (coaches, mentors, advisors), and bootcamps to strengthen the viability of new ventures leveraging technology in support of these agencies. - Such wonderful corporate speak to deflect your problems. The "learning materials" and "resources" are just PowerPoints and PDFs of the top results from Googling "how to start a successful startup"; I even have the files as proof from when I used to work on those. * FedTech have helped launch 100s of new companies via our collaborations with agencies, including Canopy Aerospace via our work with NASA. FedTech supports veterans (and has many veterans on the team), engages veterans to participate in client programs (more than 82 veterans are program alumni), and we partner with DOD to provide transitional internships for veterans via the DOD Skillbridge Program. - This is true enough, you do "launch" a lot of startups, but how much value are you actually adding? The tech was developed by NASA, your playbook is just Google search results, and the founders are unpaid volunteers. The few good startups you work with are from the XTech program, but that's because those are EXISTING startups attracted to the prospect of working with the US Military, so where's your value add? You talk about helping startups with "market discovery" and finding "product market fit", but that just means cold calling corporate VPs on LinkedIn; you could literally outsource it to southeast Asia and have it done twice as well for a tenth of the cost you charge. New comments: How's your 0% turnover OKR doing? Every analyst who was my coworker at FedTech had left, why? Maybe it's because you paid us $50K or less during a year we helped you generate more than $3M in revenue; maybe because we're tired of helping you eat up the precious budget of NASA and Veteran's Affairs in exchange for PDFs cobbled together from five minutes of Googling. Maybe you've changed since I left, god I sure hope so, but refuting an ex-employee's complaints with corporate speak and straight up lies? Well... let's just say I'm not optimistic.

- Uncompetitive compensation - the level of compensation does not match the amount of work employees are expected to do; for fully remote workers, it may be suffice but for expensive living areas like DC, Boston, etc....you may want to reconsider; comp is below industry standard and equity is extremely poor - No work life balance - you're expected to work weekends and after hours and always be "on"; most people sit on video calls back to back for hours, making things like lunch or breaks impossible. When people do take vacation, they spend the week after playing extreme catchup which leads to more stress and resistance in taking a future vacation - Lack of opportunities for internal growth - despite it being a startup and an extremely fast-paced environment in which most people are working above and beyond their job description, there is really no reward for hard work. Though its a startup, most people have to work for the company for a year before being promoted, with the internal policy being that you must perform above your level for 6 months before being considered for a promotion; Promotions are often dangled to get people to take on additional work - Uncompetitive benefits - "unlimited" PTO (no one really takes it) and no 401k (despite constantly being told by upper level management for almost a year that this was being looked into) - Extremely high turnover - they've lost great talent over their refusal to comp people fairly, give good benefits, and general lack of transparency and communication; employees don't see a genuine path forward which causes them to leave and seek other opportunities - Lack of Diversity - Diversity is more of a buzzword than a conscious effort. Instead of hiring a DEI expert or HR person, they briefly hired (and fired) an HR woman instead of actively making changes; DEI work and education was outsourced to employees instead of the company making a conscious effort. This in turn leads to issues within the company and unbalanced power dynamics