Currently in the final stages of interview process with Eng organization. I liked the people I’ve met thus far and am leaning towards joining if I get an offer. However, I’ve seen mixed reviews of the company: - tech debt and scale are challenges - company culture isn’t great even though one of their core values is taking care of one another - compensation for a startup in NYC is below average. If you currently work or have worked at Capsule within Eng, can you share your experience? How’s the culture? Pay? Work life balance?
Culture was very weak when I was there. Few points they won’t say and this is from a former employee: - TC is below market for many (not all) roles - Equity historically has been diluted significantly in equity raises. Last round had your shares diluted 10x (so if tour equity was 500k, it was reduced to 50k) - Concept is great. Execution has been weak. - Amazon is a crushing blow. It won’t raise all ships. Eg the only brick and mortar company to outperform the market since Amazon did online selling has been Walmart. - burn rate of operations is significant.
> Equity historically has been diluted significantly in equity raises. Last round had your shares diluted 10x (so if tour equity was 500k, it was reduced to 50k) Wouldn't the employees have been super mad about this? How is this even possible without giving away like 90% of the company?
@facebook exactly! The math doesn’t add up! Besides, capsules competitors have raised similar venture funding with similar valuations. So I don’t believe that its valuation would have dropped 10x!
It’s different classes of shares. Some shares have anti-dilution clauses and some do not. Read the details of your equity.
Not all shares are created equal.
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Can you share more details on the compensation?