Asana Compensation
Receiving an offer from Asana, don’t have the numbers yet. Can you share your TC or initial offer (base and equity) and years of experience? Want to get a sense of what to expect. Thanks.
Growth numbers are pretty good? May be when benchmarked to newer diluted standards for previous quarters. For a 2009 founded company, which set out goals to disrupt 'email', the workflow tool's growth numbers in that context are 'umimpressive' at best. I'd measure their success based on that mission set out by JR in a Bloomberg interview with Emily Chang. Clueless! They went to MAU/DAU farms in recent years to boost user engagement numbers. There is no pricing power in that product space though sales efficiency is decent. However, it's the novelty effect. Asana was forced to raise in Dec 2018 for the basic reasons of: 1. VCs wanting higher mark-up on valuation to ride out any 'perceived' downturn 2. Talent base pressures (employees said re-value or we are leaving Asana - SF is darn expensive!) JR didn't want to raise at it dilutes him and Cash Flow from Operations was enough for existing growth. However, he couldn't stand in the way of employees and investors. I have a maxim for SV firms: as thou raise, so shalt thou burn. Asana is being forced to burn the new raise ! Initial set of team members were not diverse. Only US nationality was hired. This resulted in myopic international outlook and stagnant growth. Investors forced them to get much more diverse. Compare this with whatsapp! Told them to go international in 2012 but when they turned the idea down, I realized they were full of themselves, petulant kids, who didn't know how to scale operationally and didn't want to take any 'risks'. Kids, who left FB before it went international (or may be because it went international ;-)) Now, they've learnt from their mistakes and trying to improve.
90% yoy growth and 100 million in ARR is very healthy for a SaaS company. And a good portion of that revenue growth is international.
Didn’t age well - especially today!
I m also considering. OP, ping me
Did you find out? OP, could you please share? I'm also interested. :-) Thank you
When I think of Asana, I think of a company that fall in love creating tools to build their infrastructure rather than building innovative product.
That was definitely true, and probably set the company back by several years. It isn’t true anymore though, and Asana is developing the product quite well and innovating rapidly.
Good to hear that is not the case anymore. It was the impression I got long ago when I wanted to interview there.
OP, did you receive any numbers now? I'm curious myself what their pay looks like
Op what numbers did you get?
^
Looking for L6 or L7 compensation at Asana
Are they everg going to go public?
Why not? Their growth numbers look pretty good and healthy. If they can keep executing like this, there should be an exit in 2-3 years.
This didn’t age well