Intellectual Ventures

  www.intellectualventures.com
  www.intellectualventures.com
There are newer employer reviews for Intellectual Ventures

6 people found this helpful  

High IQ, Low EQ

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Anonymous Employee in Mountain View, CA
Current Employee - Anonymous Employee in Mountain View, CA

I have been working at Intellectual Ventures

Pros

I completely agree with the 1st post about IV. There are many, many extremely sharp-minded folks at this company. From the first moment I arrive, I have never ceased to be impressed by the intellectual calibre of my coworkers, not to mention higher levels of management. Even those with skimpy experience in IP are very deep in technical, legal and business fields. You learn a lot, just by working with the best and brightest; there are a lot of opportunities for growth and career expansion, and you are constantly challenged to stay current - in every way. Since the hiring our President, there have been many good changes in terms of cutting waste, creating better lines of communication, and building a better, more rational organization.

Cons

With all of the high IQ, though, comes not only the ego, and strong opinions, but also the politics, nepotism, politics, and generally childish behavior. In the past, you had a lot of very smart people who had little to no supervision or governance running very important segments of business, with little to no results, while freely spending a ton of money. As the company has grown, it has tried to overcome these issues, by implementing more practices that are aligned with other industries, and weeding out the people who either do not contribute (but continue to reap the benefits of a cushy job) or creating circumstances that are uncomfortable enough to cause them to leave on their own (accountability?! oversight?! BUDGET?! ridiculous!). Communication is another huge area for improvement - there is little to none. All of the groups work like silos, and it's like moving heaven and earth to try to form regular lines of communication and be transparent to each other. As a result there is a lot of wasted resources in doing things over and over because sharing information within the company is so difficult. With that said, this is also improving over time.

Advice to ManagementAdvice

You are the right track. Hiring the current President was a great move - she's done the company a lot of good. You need to continue to weed out the slackers collecting large paychecks and do NOTHING but waste the company's resources and create poor morale within the company.

Recommends
Approves of CEO

71 Other Employee Reviews for Intellectual Ventures (View Most Recent)

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  1. 1 person found this helpful  

    Great place to work, if you have the right attitude.

    • 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

    Expectations are high, but if you like a challenge, you'll get all you can handle.
    It is never, ever, boring.
    You work with extremely smart and driven people.
    Salary compensation is average or above average, but the potential for additional income is huge.
    You work on interesting, and in some cases world-changing, technologies.
    Potential, on all fronts, is staggering.

    Cons

    Mostly senior and experienced people are hired to work here, so if you're looking for a typical 'career path' you won't find it.
    The business model is mostly in people's heads. Processes are not documented or well understood.
    Communication is an issue. Too many smart, driven leaders who don't really talk to each other, or their subordinates.

    Advice to ManagementAdvice

    Trust in the integrity, intelligence, and experience of your employees.
    Share the info!
    Have a strategic vision, articulate it, and then encourage the really, really smart people who work for you to build the processes to implement it.

    Recommends
    Approves of CEO
  2. 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
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