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NetBase Solutions

Now known as NetBase Quid

Is this your company?

This is a sinking ship, with toxic culture - Anonymous employee NetBase Solutions Employee Review

1.0
31 Oct 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Weekly engineering lunches, yoga in the office, flexible working hours, working at home for engineering

Cons

Toxic culture – people are insecure and that’s a sign of incompetence, they are good at kissing up to management but to peers they pose a smiling face in front of you but bad-mouth, back-stab and undermine you in your back. A very politically treacherous working environment. The company is mismanaged, with an utter lack of vision at the top and poor execution on the ground. Doomed market – the market of social listening is mature and saturated. It’s a very small market to begin with, because there is lack of tangible ROI for social analytics if you ask the customers. The product is undifferentiated and customer churn is rampant. Custom retention rate is far below that of the average SaaS vendors in the industry. Customers want not just a pretty analytics dashboard with questionable metrics and data quality, they want to interact and engage with consumers on the social channels and drive their operational workflows. It’s short sighted and a strategic blunder to supposedly go deep on the already mature social listening with diminishing and questionable returns, and not expand horizontally with a more complete social engagement solution. Falling more and more behind other players in the social listening and engagement market, and drifting to irrelevance. Financially not viable – the company has raised $75 millions since founding in 2004. The current fair value of the company is a fraction of the total capital invested into the company. So over the last 12 years, the company has destroyed significant value from investor capital. Early investors and common shareholders including employee stock options are seeing their shares completely worthless, and only the preferred share holders (private equity and management) in the recent funding round can recuperate some of their money in the event of a liquidation. The company needs to cut its size (employees and expenses) by at least half in order to breakeven. Do yourself a favor and stay away from this sinking ship

Explore other reviews about NetBase Solutions

5.0
24 May 2021
Recommend
CEO approval
Business outlook

Pros

The company is focused on leading in their market in all aspects. The market and execution is fast paced. Those of us who keep up and contribute are treated well and remain happy work work here.

Cons

Not everyone likes that challenging market. People do sometimes fail against defined performance criteria as evidenced here on this site with negative reviews from people who left.

5.0
10 Jan 2017
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

NetBase has a great team of people to work with. The individuals that stick with the changes are smart, responsible, flexible, and continually evolving their approach for the better. NetBase values the employee and the customer feedback. I’ve felt my voice has been heard over the past 4 ½ years and that my customers’ voices have been heard as well. I’ve been challenged constantly by the ever-changing market and client needs. There are no two days the same and it keeps me on my toes. I’ve had the privilege to work with many of the teams here at NetBase and can honestly say I feel respected, valued, and that I’m making an impact. NetBase is small, so your work is noticed – if you work hard, it is rewarded. If there is no work that is quickly addressed. I see this as a good thing because it keeps others from having to take on more than they can handle because someone else let it fall through the cracks.

Cons

Work life balance can seem off. We even warn potential new hires of this. This is not an hourly career, its going to take a lot of your time. We each wear many hats and are assigned a lot to cover down on. Whether it is the travel, long hours, or being remote that gives you pause, make sure you are up for the challenge. The hiring process is rigorous. However there is extremely low churn from those who make it through.

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