One of my biggest mistakes - Anonymous employee TandemLaunch Employee Review

1.0
27 Oct 2018
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

You meat a lot of potential funders at TandemLauch Looking back on your time at TandemLaunch, you will understand many valuable lessons about how a manager can let their ego interfere with their work and how not to run a company.

Cons

The CEO is a complex anti-hero TandemLaunch companies generally do not ever turn a profit The first and only goal of a TandemLaunch project is to make Helge feel good about himself. Young, impressionable, EIRs might be fooled into thinking there's some bigger motive or wisdom behind the guidance you get, but there probably isn't. Trust your instincts.

Explore other reviews about TandemLaunch

4.0
25 Jun 2020
Anonymous intern
Recommend
CEO approval
Business outlook

Pros

Good supports across different projects

Cons

Remote working has created barriers for group work

1.0
5 May 2021
Recommend
CEO approval
Business outlook

Pros

You can learn how to not build startups. You can learn a lot about yourself and your priorities. If you want to be involved in real startups, go somewhere else.

Cons

There are too many things wrong with this company so I won't even get started. I warmly recommend: STAY AWAY! If you really consider it, I recommend to ask lots of questions. Ask deep questions. The retention rate is the lowest I have ever seen in any company ... and for a good reason! Do not only rely to get information from people who currently work there. Research the people who worked in various startups and have left. Contact them and ask lots of questions. Ask why they left. Ask how many "co-founders" joined and left during the course of the project. Ask how much equity they ended up (or would have ended up). Ask what kind of control they had over their project. Ask about limitations of their shares (e.g. TL's repurchase rights). Ask HOW their startup was funded (hint: it's not what they claim) and what the implications on the share allocations are. Ask how they define a successful company. Ask them if they think their startup (or other ones at TandemLaunch) are successful and why/why not. Ask many more questions. Most importantly: Whatever you do, have a backup plan. The chances are very, very high (yes, based on hard data), you won't be at this place for more than a year.

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