FalconX Reviews

3.5

54% would recommend to a friend

(50 total reviews)

73% positive business outlook

FalconX has an employee rating of 3.5 out of 5 stars, based on 50 company reviews on Glassdoor which indicates that most employees have a good working experience there.

Reviews by job title

50 reviews
1.0
27 Aug 2023

You MUST read this! Part 2

Recommend
CEO approval
Business outlook

Pros

The CEO is smart. Company is well funded (or was at one point). Shared misery with like-minded co-workers.

Cons

This is my second/2nd review that I am writing. The company complained about my first review which was truthful and honest and got it taken down instead of doing what most companies do, which is addressing it in a response. You want to know why they didn't address it? Because it was truthful and honest and factual! I will continue to re-post my review, or new reviews, for readers and each time I will number how many times I keep re-submitting it for others. Engineering & Product: There are a couple of females on the engineering team in India and NONE in the US. The team is all male and from 3 races. If you are not in one of those three and not a male you will not be hired. If you do get hired it's because the company tried to hire a female or someone from a different race it will be brutal. The product actually is not a product, it is a service which is not recurring revenue. As such, all the value is in the people who don't much love their existence while working here. Throughout history people have always broken down barriers, but the person that was that "first" one to break them down took a lot of bullets for those that followed. Are you ready to take that at this point in your career? If you are then good for you but you should know ahead of time that it is going to hurt. Nepotism: The company has run through many Executives in both Revenue and Product. The company replaced those department heads with either friends of the CEO/founder, or one of the investor's children who is woefully under-qualified and not friendly to women. Those two did not do any better than Executives that were removed and yet they received no repercussions, and it's baffling to everyone but nobody says anything out loud because this company does not want open communication--they want you quiet and obedient. In this company many on the Executive team are "yes men," and act that way because performance means nothing here as long as you are the CEOs friend. Ditto as far as leadership in the Engineering org. Women: If you work here you are putting your professional growth and mental health at severe risk. Two female Executives were both run out in the most ugly fashion imaginable--never seen anything like it. Women support each other in distain for the unfortunate plight they share here which is suffocating. Pick your poison ladies because it is brewed fresh daily in every department. A working environment where your opinion and work are valued are worth so much more than this place telling you over and over about the company's valuation which is incredibly over-inflated. More on this below. Valuation: The company used to be doing very well from a revenue standpoint. It is now doing as well as Kmart on Rodeo Drive in Beverly Hills. How does the company deal with this? Double-down on service? Pivot? New product(s)? Of course not! Why do those things when you can blame your employees via inept leadership. Employees here are berated constantly (well, except when you are sleeping at night). Why? Because the Executives that are still standing are "yes men" or friends of the CEO. There is a TON of blame here and it all rolls downhill. Hey, for some people at the highest level it feels good to take out what they can't fix on Individual Contributors working their tails off day in and day out. And then...you get to meet with Human Resources! If you have a meeting with Human Resources at the highest level at this company (better not write out the title or it will get the post taken down again) you are going to be fired--you just don't know it yet. But, it's guaranteed to happen. Go through the number of former employees at this company (there are wayyyy too many to reach out to all of them, silly goose) and reach out to them, especially women. Oh, the stories you will hear. Some will involve the company interviewing candidates for roles that already have someone at the company who is wholly unaware that they are already fired with the company trying to backfill them behind their back and they just don't know it yet. This place is constantly hiring for roles that you can't see on their website so if you want to work in this dishonest and unfriendly environment my advice is to reach out to the Executive team about roles where you currently see someone in the position, but that they are not openly hiring for and you will probably end up an employee at FalconX in that person's job. Well, for a while anyway. Final advice: Save yourself some excruciating pain and go eat at the greasiest & dirtiest taco place you can find 3 times a day for a year and do lots of shots of Fireball after your meal. It will feel A LOT better than working at this company. On the star ratings below, the only reason any of them got one star is because you are not allowed to give zero stars. As such, if you see one star, it's a zero.

2.0
7 Jul 2023
Recommend
CEO approval
Business outlook

Pros

- Well capitalized from Tier 1 Investors (GIC, BCap, Altimeter, Accel, Tiger) - Can do well during a bull market cycle but lack predictable revenue in a bear market makes sustainability difficult. - Lots of smart mid-level and junior employees who are really the backbone of the business making the day-to-day possible.

Cons

- Zero diversity and inclusion and the leadership team is almost entirely male. Look on LinkedIn to validate very few female leaders and a lack of focus on hiring diversity at the company. - Implicit bias runs rampant among the senior leadership team in promotions, departures, and hiring. - Severely overvalued in the private market in the latest equity round compared to true fair market valuation. Heavily discount any equity offered. - Lots of difficulties scaling because of lack of investment in infrastructure. Still be running as a Series-A startup in the people leadership, processes in place, and scotched products taped together. - RECOMMENDATION: Do your due diligence by reaching out to current employees with >1 year to understand the land minds hiding below.

1.0
4 Apr 2023

Don't be tempted

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Cutting edge industry where you can learn

Cons

Leadership is poor Lack of direction and company strategy Lack of trust in each other

Viewing 1 - 3 of 50 Reviews

Glassdoor has 52 FalconX reviews submitted anonymously by FalconX employees. Read employee reviews and ratings on Glassdoor to decide if FalconX is right for you.