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30+ days ago

Sr. Product Manager - Innovations Team

Local Corporation Irvine, CA

• Produce market trend research to uncover new opportunities for our Innovation Division • Understand strategic priorities and work with all teams to… Ivy Exec

30+ days ago

Windows System Administrator

Local Corporation Irvine, CA

Local Corp. is looking for an experienced Windows System Administrator who is passionate about supporting our systems and users. We are looking… Local Corporation

30+ days ago

Ad Operations

Local Corporation Irvine, CA

• Traffic and manage display, mobile and video ad campaigns on Local.com and its extended publisher network, and ensure that campaign… Local Corporation

Local Corporation Reviews

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Local Corporation CEO Fred Thiel
Fred Thiel
3 Ratings
  • Helpful (1)

    Too Late for a Great Little Company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Engineer (Not Specified) in Irvine, CA
    Former Employee - Engineer (Not Specified) in Irvine, CA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Local Corporation full-time


    Local had a unique and very positive company culture: smart, talented, friendly people great work-life balance it supported it employees who were going through difficult times These things were reflected in the unique phenomenon of frequent re-hires, it was a common event for people to leave the company for other opportunities, but return later. For awhile it had hit upon a very profitable business model. For the last couple of years it was pursuing exciting new business lines and technologies.


    Ad arbitrage, its cash cow for years, was its downfall. As often happens, it let its one big success dominate the company for too long, leading to failure. This was always a vulnerable business model, and when things finally turned against it in a big way, it was caught unprepared. It did attempt diversification while flush with cash, but the decisions made by the C-suite were stunningly bad. The company tried to grow by acquisitions, rather than relying on their superior technical staff to develop and diversify its offerings. And all of the acquisitions were stunningly bad decisions, done without due diligence (e.g. the technology of an acquisition was never evaluated), and then mismanaged: wasting money, resources and more importantly time. The company was always plagued with top-heavy management, too many layers of executives, and particularly harmful for an adtech company - only in the last two years did it get a technology executive who was competent. All of the previous VPs, Senior VPS, and Executive Directors of technology were incompetent and demoralizing for the engineering team (but as public SEC filings show, made huge salaries) and accomplished nothing (or made things worse). The engineering team was systematically neglected for most of the company's existence - talents wasted and not rewarded. It is remarkable that the company was able to keep so many excellent engineers so long. But now its most talented people have left, at every level and function. It is going bankrupt, and it is too late to turn around. My overall rating has to reflect this fact.

    Advice to Management

    The new management is not the old management, but it is too late to offer any advice but to sell it off and shut off the lights.

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