Nextag

  www.nextag.com
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Nextag Reviews in San Francisco, CA US

Updated Apr 08, 2014
All Employees Current Employees Only

2.3 54 reviews

26% Approve of the CEO

Nextag CEO Jeffrey G. Katz

Jeffrey G. Katz

(27 ratings)

28% of employees recommend this company to a friend

Review Highlights

Pros
  • Free Food, Birthday Cake, Laid back office and great work/life balance (in 9 reviews)

  • Free food (mostly healthy) and fresh fruit (in 8 reviews)


Cons
  • You are not allowed to work from home under any circumstance (in 4 reviews)

  • 1 reason for the company's downfall: Jeff Katz (in 5 reviews)

More Highlights
54 Employee Reviews Back to all reviews
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    The Titanic Of The Silicon Valley

    Software Engineer (Former Employee) San Mateo, CA (US)

    ProsFree Food, Birthday Cake, Laid back office and great work/life balance.

    ConsAs mentioned in the title of this review, Nextag may be the the Titanic Of The Silicon Valley, at the helm was Jeff Katz. Nextag is a great example of what happens to a company when you are pursuing the ideas of one person without seeking guidance from people who actually know how to run a internet company. Fortunately he is gone, well sort of....still on the board (Not a good idea). I personally saw millions and millions of dollars thrown away to pursue ideas that had little to no merit and backed by little to no experience.

    Fortunately the cancer has been removed and hopefully my friends at Nextag will still have a company to show up for every morning.

    If you are debating joining the Nextag team, be sure to ask if your position is vital. If it isn't then you will find little to no job security. There are a lot of good people still left and a lot of great people were recently let go, including myself.

    Advice to Senior ManagementMake the most out of whats left after the iceberg Jeff Katz and others sailed Nextag into. Take care of the people you have left, incentives them greatly because we all know there is little to no confidence left and probably everyone is looking for new positions.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    1 person found this helpful  

    Case study in disastrous leadership and greed

    Software Engineer (Former Employee) San Mateo, CA (US)

    ProsGreat people, nice office. Really smart and creative engineers who were great to work with. An awesome HR team. Head of sales and his team were awesome too. Fun events. Flexible work schedules.

    ConsMore than a con - the #1 reason for the company's downfall: Jeff Katz. An arrogant, nasty 'know it all' who wasted time and money and a great team by chasing (then killing) his pet projects that everyone knew were doomed to fail. Insane waste of money and people's time. Insisted on driving direct traffic to the site but failed miserably. Decides only he knows what customers are looking for but in reality he has no idea. So direct traffic never grew a single bit. Millions of dollars later.

    Con #2 - Aloof CTO. Katz spent all his time with this crony from his Orbitz days, who barely even spoke to the tech teams. Followed Katz around like a puppy dog, doing anything Katz demanded, no matter how ridiculous it was.

    Con #3 - Providence private equity firm. They put $300M in debt on the company so they could pay themselves back. Meanwhile laying off talented team members left and right and killing the company's future.

    Have now turned the company over to the banks, are almost broke. They've laid off most of the US team, shipped jobs to India and put junior managers in senior roles they can't do. They're an old dreary Nextag all over again. A stupid, wasted mess.

    Advice to Senior ManagementCEO & CTO finally got fired, but too late to turn the company around. Great talent has left or leaving soon. Sell this thing soon or you may have to pay someone to take it off your hands.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    2 people found this helpful  

    A sinking ship

    Anonymous Employee (Current Employee) San Mateo, CA (US)

    Pros-The people below senior management are generally very cool/fun to work with
    -There's a kitchen with some free food and a monthly catered lunch
    -Even base-level salaries seem fair

    Cons-Jeff Katz is destroying the company with his self-professed infamy and political methods with which he runs the company.
    -There is no job security. None at all. There is a very high turnover rate, and it usually feels like you never know who will be the next to go (including yourself).
    -The marketing budget is embarrassing, and the management of that budget are people who are buddies of Jeff who came over from Orbitz/Leapfrog. It's really hard to be proud of how the company operates.
    -No room for advancement.

    Advice to Senior ManagementGrow up, stop cutting talented people for political reasons. You're killing the company, and it's harmful to all of us.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    1 person found this helpful  

    You know it's bad when in hindsight Purnendu was a good CEO

    Account Executive (Current Employee) San Mateo, CA (US)

    ProsGreat snacks in the kitchen
    Cool office
    The people are genuinely nice

    ConsSurprised the board didn't let Katz go a year ago
    Google PLAs are killing their SEO
    The VP of your department will last around 3 months before being fired
    Trying to diversify their business but nothing has been remotely successful
    Stock option price is WAY underwater (1.1 billion evaluation in 2007)

    Advice to Senior ManagementSell this dying business while you still can. You have already squeezed every penny out over the past 6 years. Abandon ship!

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    1 person found this helpful  

    bait and switch

    Anonymous Employee (Former Employee) San Mateo, CA (US)

    ProsGood people in the trenches
    Average pay & benefits

    ConsHUGE annual attrition rate (40% in some years)
    Complete lack of strategic leadership and integrity in the "leadership" team
    People chasing pennies and leaving dollars on the table, ie far too much focus on SEO than intrinsic value
    Significant change of direction every few months which means there's no real direction
    Everyone tries to imitate Katz's worst characteristics, and he surrounds himself with "yes" men, leading to "The emperor is wearing no clothes"

    Advice to Senior ManagementResign or move to Washington DC where your cutthroat skills and political backstabbing will at least be expected

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    2 people found this helpful  

    Good people, horrible bosses, worse executives. They like to build everything in house

    Senior Software Engineer (Former Employee) San Mateo, CA (US)

    ProsGood people, nice office. Cafe in building.
    Large scale problems, now getting into goo technology stack

    Conshorrible management, even worse executives
    New CEO brought in his team
    they didn't know how to run business. Running it into the ground

    Advice to Senior Managementget new management

    No, I would not recommend this company to a friend

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    1 person found this helpful  

    An Ok company with mixed pros and cons

    Anonymous Employee (Current Employee) San Mateo, CA (US)

    Pros1. Good technology, a lot of opportunities to learn new stuff
    2. Hard working and smart people get promoted
    3. Good HR staff organizing fun events
    4. Good environment for internationals
    5. Co-workers are generally nice, friendly and smart
    6. Excellent PTO time. Ok work-life balance for most employees.

    Cons1. Base salary is not very bad. But there are no other compensation. Bonus is low
    2. The whole company is having hard time grow its traditional shopping business.
    New stategy seems to be good but it needs time to prove that.
    3. Benefits other than PTO are not that great.
    4. Low brand name recognition
    5. Stock options are not attractive at all
    6. People coming in and learving all the time. High turn-over rate

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Toxic environment

    Anonymous Employee (Former Employee) San Mateo, CA (US)

    ProsStill a fairly profitable business; uses current technologies; very numbers / statistics driven with an infrastructure that embraces experimentation and reat-ime feedback

    ConsDraconian management style of the senior leadership; dog-eat-dog culture that leads to fast burnout or being thrown under the proverbial bus. Lip service given to training - one senior leader was heard saying that training is unacceptable and that technologists should be hired already knowing current technologies! Revenue model is being completely overhauled as a reaction to Google's competitive practices - there's little indication that the bet will be successful in the long term.

    Advice to Senior ManagementWhen you surround yourself with identical cutthroat personalities, you lose perspective and you end up with demoralized, afraid, and/or cutthroat personnel. In other words, you get what you model.

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    1 person found this helpful  

    Good pay. Lousy motivation. No appreciation

    Anonymous Employee (Former Employee) San Mateo, CA (US)

    ProsGood pay, interesting directions, most of the people were nice

    ConsLack of direction in IT

    Advice to Senior ManagementWork as a team, and not focus on self-centered career goals

    Yes, I would recommend this company to a friend

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    I like the company culture, fun social events, great co-workers and most of all, getting to work with smart people.

    Anonymous Employee (Current Employee) San Mateo, CA (US)

    Prosgreat culture, fun, always somthing new to learn.

    Cons- growth potential is limited in various deparmtents

    Advice to Senior ManagementKeep up the great work!

    Yes, I would recommend this company to a friend

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