Exciting startup in a new and quickly evolving industry - Business Development Lead Blockworks Employee Review

the people are incredible, the culture is strong, the opportunities are endless. if you want to build something, present the business case for it and it becomes a possibility. creativity is heavily supported

starups are a grind! you have to want to put in the work.

If you want exposure to crypto, Blockworks has a recognizable brand, strong industry visibility, and access to interesting companies. That is the main upside.

If you are a serious salesperson, I would be very cautious about joining Blockworks. The company made a major pivot from media/events into investor relations, data, and software-like products without the sales infrastructure to support it. There was no mature go to market motion, no clear sales strategy, no consistent roadmap, weak product execution, scattered collateral, unclear packaging, and constant internal friction. The sales team was not set up to win. Instead of fixing product-market fit, pricing, enablement, account strategy, and leadership gaps, management put more pressure on reps and expected sales to compensate for poor execution. Compensation was especially concerning. Sellers who were previously making roughly 8%–11.5% of the revenue they brought in saw the structure reduced to around 3%, or 5% depending on the product. That is bottom-tier sales compensation, especially for a narrow crypto market with long sales cycles, unclear product maturity, and aggressive quotas. the company is optimizing for board optics and fundraising optics more than building a competitive sales org. Quota expectations also did not match the actual market. The practical buyer pool for the new IR/data product is extremely narrow, yet sellers were expected to carry large quotas on an OTE structure that was not competitive. Leadership stability is a major concern. Multiple senior people and executives left in a short period of time, and the company went too long without strong sales leadership. At times, people without meaningful sales leadership experience appeared to influence or lead sales decisions, which made the org feel even less grounded. The company seems more focused on external perception, podcasts, events, and appearing important in the industry than building the internal operating discipline required to support a serious sales team. This may be a decent place for crypto brand exposure. It is not a place I would recommend for AEs who care about quota realism, sales leadership, product execution, fair compensation, enablement, or long-term career stability.