Cytori Therapeutics
2.8 of 5 9 reviews
www.cytori.com San Diego, CA 50 to 149 Employees

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Inexperienced management team will prevent real growth

(Current Employee)
San Diego, CA

ProsCasual, young, work environment.

They have hired some very bright scientists and doctors. There is so much to do that you can expand your responsibilities across all departments.

ConsThe senior management team suffers from a classic case of "Founders Sydrome". They try to fill their internal gaps with young inexpensive, inexperienced interns or recent college grads. This creates layers of management so that when they do hire an employee with experience there are internal obstacles that must be overcome just to accomplish some of the basic tasks. The environment is highly political. There are people in positions that are connected to the President or CEO and not necessarily qualified for the job that they hold. This type of activity isn't sustainable. Eventually the executive team will be held accountable for their ability to perform versus their ability to raise money. They have done well as an R&D company but are failing to become commercially viable. It is a shame because their technology has potential. Cytori cannot afford to keep making the same management mistakes that they have been making. At some point the board will demand more of them and will want to see progress towards the return on their investment. The founders have been able to develop the technology and create a company. They will have to hire a senior executive from outside to take the company to the next level and effectively execute a "turn-around" strategy. The stock is currently trading at 1.96. The next 12-18 months will be sink or swim.

Advice to Senior ManagementStreamline your business. Remove those employees that offer little to no value. Invest in senior experienced marketing and sales professionals to lead the way towards real commercialization. Experience and expertise is more valuable than friendship when it comes to business performance. Value experience over cost. Don't hire an engineer and expect him to be able to perform a sales or marketing role. Hire people for their area of expertise. You may have to outsource some of your resources, but do it wisely.

No, I would not recommend this company to a friend

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    Good Technology, Inexperienced Management Team

    Anonymous Employee (Current Employee)
    San Diego, CA

    I have been working at Cytori Therapeutics


    Pros: Company with innovative technology relating to adult adipose stem cell. One the leader in the cell therapy industry. A place where you will find medical… Cons: Very poorly managed company. CEOs, VPs, and directors are inexperience and have no clear pathway of company growth. Difficulty of gaining product entrance in tough… Advice to Senior Management: Utilizing the right talent for right position and provide proper training to employee. Hour glass organization structure is the critical failure of this company. Don't… No, I would not recommend this company to a friend More
    • Work/Life Balance
           
    • Senior Management
           
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    • Disapproves of CEO

    1 person found this helpful  

    Good technology led bad....

    Anonymous Employee (Current Employee)
    San Diego, CA

    I have been working at Cytori Therapeutics


    Pros: Cytori is a small company where you have the opportunity to experience a variety of responsibilities and learn almost anything you want to. There… Cons: Executive level management does not care about employees' careers. Favoritism is very apparent in promotions and career advancement opportunities. Some interns were promoted… Advice to Senior Management: To boost morale, it would be helpful to see Senior Management take sacrifices along with the other employees. For the company size and revenue,… No, I would not recommend this company to a friend More
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