Versata – “Versata - WTF?”

Pros

Young company, fun group of people. Interesting roadmap.

Cons

Not a pay for performance place. Old boys club. Product has evolved but still very esoteric. What does Versata do? Compensation wasn't very good. Lots of worthless stock options were granted during the .bomb. Employee morale in the toilet. Recognition only provided to top brass. Employee feedback non-existent. Work/life balance was out of whack. Respect for the little people/worker bees was little to none. Fairness wasn't always observed. Benefits got worse over time due to poor health care planning.

Advice to Senior Management

Hire some people with good experience, not just people you like. Implement a pay for performance policy for your people.