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9 people found this helpful  

Great Business Model, Extremely Poor Management

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Anonymous Employee  in  Bellevue, WA
Former Employee - Anonymous Employee in Bellevue, WA

I worked at Intellectual Ventures

Pros

Interesting and challenging work
Potentially large returns
Variety of technological areas

Cons

Egos of most senior mgt
Response of other mgt to egos of senior mgt (none)
Lack of sense of obligation to keep word to employees
Lack of respect for employees and others
Lack of morals, ethics, or professionalism.

Basically, the founders seemed to only be interested in making money; putting other people down, thinking they knew more than experienced professionals in areas where the founders had no expertise, encouraging people to break their word to others, mis-representing terms and conditions to persuade employees to do what they wanted, pressuring employees to give up benefits upon threat of being let go, etc.

Advice to ManagementAdvice

Lose the ego, treat people with respect and honesty
Stop expecting so much more from others than you are willing to do yourself
Be honest and professional in all of your business dealings

Doesn't Recommend
Disapproves of CEO

Other Reviews for Intellectual Ventures

  1. 3 people found this helpful  

    Drop the ego and execute

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Bellevue, WA
    Current Employee - Anonymous Employee in Bellevue, WA

    I have been working at Intellectual Ventures

    Pros

    There is an impressive collection of talent at IV. The business model has a lot of potential, and the company is well resourced.

    Cons

    A few things jump out:
    -Ego. The company is top-heavy, and most people at the top have large egos.
    -Lack of vision. The value proposition/business model is still being figured out. The company's leadership, if you want to call it that, struggles to tie company initiatives to the to-be-defined strategic vision.
    -Feels like Microsoft. For a company that had 50 employees just a few years ago, there is an impressive amount of bureaucracy. Yet, it is bureaucracy and process for things that don't matter..
    -Territoriality. The company is driven by a few people who have successfully managed to snag as much power as possible. There is little coordination and collaboration between business units.

    Advice to ManagementAdvice

    Leadership has nothing to do with amassing power; define and communicate a vision, rather than dictating from on high. I don't particularly care how successful you have been in the past - work hard and show me results rather than telling me how important you used to be.
    This culture needs to be fixed before the company can succeed.

    Doesn't Recommend
    Disapproves of CEO
  2. 1 person found this helpful  

    Ok if you are Type-A

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Bellevue, WA
    Former Employee - Anonymous Employee in Bellevue, WA

    I worked at Intellectual Ventures

    Pros

    Company works on solving interesting problems all over the world. Great to interact with non-American cultures.

    Encountered lots of nice people.

    Cons

    Middle management is disorganized. Not clear on expectations. Its a 10 year old company, where are the processes?

    Advice to ManagementAdvice

    Middle management arepeople who have shifted from other companies affliated with current and ex Microsofties. Bring in new blood that has the drive plus innovation.

    Approves of CEO
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