Vantaggi
Excellent board, but arguably very far removed from what's going on on the ground. Although at 8 years, it's getting harder to use the 'start-up' label for the firm anymore, it still feels that way. But not for the right reasons. And here's why:
Svantaggi
- "Start-up" nature applies to costs (growing exponentially, esp staff), but not to revenues. The only way to sustain this is through story-telling i.e. continued venture capital raises pitching it as a fin-tech firm to boost its valuation. -"Start-up" also applies to the high levels of disorganisation and lack of strategic clarity/execution. - Terrible culture: individualistic, egotistic and fear-driven. - A consistent pattern of promising the moon, only to disappoint once one takes a closer look under the hood. i.e. a classic investment banking "putting lipstick on a pig" approach to doing things.