- It's debatable whether the product has product market fit. People from the sales team are always leaving and complaining about how hard the product is to sell. At the end of the day Lob sells an API that enables companies to automate their printing and mailing process. Can you say BORING! The team is selling mail which is a DYING industry. Who still looks at mail? Margins are razor thin (selling the product ends up becoming negotiations with the customers over pennies). The business is so boring that it seemed at times the Co-Founders and management team are ready to move on and do something else, something interesting that people actually care about.
- The issue with the product is that the sales team wants to sell to a developer or someone technical that knows how to use the product. In reality, mail distribution is run by the marketing team at most companies. Getting developers and marketing teams to be on the same page is the biggest struggle. It's extremely challenging conveying the value to the Marketing team when in reality the developers are the ones using the product.
- The culture at Lob is the insiders vs. outsiders. The Co-Founders and some of the management team all went to college together so there's a very exclusive culture there (insiders) + the people who brown nose (wanna be insiders). The outsiders are everyone else who don't fit that mold and the new people.
- A super slow growth and boring company in San Francisco. If you want to grow in your career, go to another company that has a promising product/market. Your career will grow as slowly as Lob's product, snail mail... Promotions are rare and have only been given to people who have been with Lob for 5+ years
- After 5 or 6 years, Lob is neither deemed a success nor a failure. It's basically a walking zombie in the world of unicorns and dead start-ups. No clear sign on what's going to happen to the company. No bright future ahead