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Sad end to what was an exciting company - werkgeversreview Principal Sales Engineer bij Lacework

1,0
30 jul 2024
Aanbevelen
Goedkeuring directeur
Zakelijk vooruitzicht

Pluspunten

The people and the culture were amazing.

Minpunten

The CEO tanked the company, FB suck it and see type release strategy just didn’t work. Severe lack of product development, rested on the Polygraph but then never enhanced it at all. Then tried to pivot to agentless without getting the basics right like alerting the right people and combining risk signals to lower the noise. The final nail in the coffin was zero return on stock early exercised by the most committed employees while paying c-suite and current employees - a complete lack of care and greed at the top level.

Ontdek andere reviews over Lacework

5,0
2 jul 2024
Aanbevelen
Goedkeuring directeur
Zakelijk vooruitzicht

Pluspunten

it has good engineering culture

Minpunten

However, the product is not growing

1,0
18 jul 2024
Aanbevelen
Goedkeuring directeur
Zakelijk vooruitzicht

Pluspunten

Very intelligent people and an awesome rise at one point

Minpunten

What a disgraceful ending to what could have been a career changing opportunity for many. You can point fingers in every direction but the product was garbage and the 2021 executive changes were ultimately what sank the company. Following the acquisition Lacework decided to return $0 to former employees who exercised their ISOs.. i.e. the team who built and scaled the company from $1m-$90m in revenue. All while paying the investors, c-suite, and current employees who helped tank the company a nice premium. The C-Suite as it stands today is the worst I've seen in my 25+ year career. Soulless, directionless, tone deaf leaders steering a zombie business in whatever direction the wind blows. SHV brand has been ruined in the process. Lead investor saying "I'd die before this company fails!" on an all hands call, then taking Lacework off of his LinkedIn profile, is all you need to know about the company/culture/product that is Lacework. Good luck trying to replicate the Snowflake growth model across your portfolio.

5
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