Chainalysis Reviews

2.5

31% would recommend to a friend

(243 total reviews)

Jonathan Levin

29% approve of CEO

34% positive business outlook

Chainalysis has an employee rating of 2.5 out of 5 stars, based on 243 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Chainalysis employee rating is 35% below average for employers within the Information Technology industry (3.9 stars).

Reviews by job title

243 reviews
1.0
5 Oct 2023

Poor top down decision making

Recommend
CEO approval
Business outlook

Pros

benefits, unlimited PTO in the US

Cons

I joined Chainalysis during their hyper growth period when they went from 200 to 800 people in just 1 year. I very much bought into the product, their mission, and their values. Shortly after I joined, there were layoffs and it was unsettling. I thought it was bizarre they would hire so many people then start letting people go. This happened 3 times during my stay there and the focus and priorities continuously changed. I suppose that is normal for a startup but too much changes for a company trying to IPO. They hired seasoned professionals to help with all this as I understand earlier on, there were a lot of employees that were originally there and this was their first job or very green. I was part of their most recent 15% staff reduction. We were all forewarned by the CEO through a very cold and impersonal message - change in direction (again), must reduce costs so letting people go, and the business will go on. I suppose it's business as usual but I have to wonder what kind of decisions, strategically, being made at the top. They went from a high valuation to just not that great within a year! I suppose the layoff is a bit of a blessing and it would have happened eventually. I think just hard to stomach when you are working your tail off and suddenly the team is eliminated. The notice and even the meeting with HR was impersonal (she read from a script) when they are impacting people's lives and families.

1.0
25 May 2023
Recommend
CEO approval
Business outlook

Pros

There's a lot of excitement about crypto and working in the industry. When I first started things were pretty solid. Everyone was very nice and it felt like a nice environment. The work they do in decriminalizing blockchain is very commendable.

Cons

As things went along it was clear they were drowning in Tech Debt and were unable to deal with it. They have a very strong 'we can do this' and never bring in the experts who can. Yearly planning was a joke that no one followed, the software architecture is a tangled mess, and the teams are so busy keeping everything working that there really isn't much time to make improvements. They are a series F but with no revenue plan (or at least none that anyone in product or engineering could articulate) The worst part was getting gaslighted when I tried to bring this up to help. I've worked in quite a few start-ups and never before did I get gaslighted so bad. It's like those movies with an idyllic utopia until you find something wrong and then they turn nasty.

3.0
19 Jan 2023
Recommend
CEO approval
Business outlook

Pros

The NYC office is awesome. People outside the Sales team seem very, very nice. Lunch is paid for everyday in the office. I was able to work remote as much as I wanted, though I did feel pressure to come into the office and the COO and CEO sent out a company-wide email urging staff to come back into the office. I think the company is positioned nicely to do well in the future. I think their stock would be good to have (you will get equity in the company), as they plan to go public eventually and I believe that stock will go up. The company is currently well funded, though I think they are over-hiring and their valuation may be too big this early on.

Cons

Unfortunately, Chainalysis follows the old stereotype for sales teams of being negative, cutthroat, and overly competitive. Anyone who has been on a really successful sales team knows that that's not how to succeed. The sales team was grossly negative, overly competitive, and to put it plainly, not nice. This rings true for the SDRs to the Commercial reps to the Enterprise reps to the managers, director, and CRO. It's the whole Sales org. Leadership also knows nothing about crypto or web3, which doesn't make sense as it claims to be a web3 company (it's not, it's 100% a traditional web2 company that sells SaaS for companies involved in crypto/web3). The company as a whole has a weird love for the police and the military. I understand that that part of the public sector does the most business for the company, but it's as if Chainalysis believes there is nothing wrong with police in the US or the US military. You must know this going in because if this doesn't align with your values, it will bother you a lot. The company huddle in DC was a disgusting display of toxic masculinity, drunkedness, and sexual harassment. I've seen other examples of sexual harassment on the sales team. The sales team is by far mostly white straight men. Hardly any diversity at all. I saw the CSO show off his "challenger coins" that he got from Chainalysis's military and police clients to the entire company on a company-wide call, as if he was completely unaware that US police and the US military have ever done anything wrong. This is the kind of company you will be joining. Many employees also seem to be unaware that there is anything wrong with Chainalysis, which makes it feel like a weird cult or that you're working with robots. Lastly, there's not enough business for Enterprise reps yet. I would really think twice about joining the company as an Enterprise rep as it's still early for crypto on the enterprise level and you may not sell much/make a lot of commission.

Viewing 1 - 3 of 243 Reviews

Glassdoor has 256 Chainalysis reviews submitted anonymously by Chainalysis employees. Read employee reviews and ratings on Glassdoor to decide if Chainalysis is right for you.