Pros
Relaxed pace of work as founders keeps changing goals every few days - leading to lack of accountability. You should attend a quarterly review. They are hilarious! No numbers or outcomes reported. Just what we did and what we will do.
Cons
Building a product trying to solve a unique problem - without a clearly defined business use case - while throwing SaaS basics of business, product and marketing out of the window. Here's a rundown of Needl.ai: 1. Needl.ai originated in July 2019, marking almost 5 years in existence. 2. It is not a private limited company. Operating as a partnership (LLP), it does not offer stock options to startup employees. 3. Has not been able to secure VC funding all this while. (to know why - read the first sentence again) 4. LinkedIn data shows a median employee tenure of 1.2 years. This short tenure is a good indication of the company culture, which has less than 30 employees. 5. Needl is still in a pre-revenue phase, without earnings from its core product. Zero dollars. (that is why no VC money secured yet) PS: ask them how many people use their product. (Spoiler alert! WAU is in double digits most likely) PPS: ask them who are their paid users or clients. (Spoiler alert! It is ZERO)
