employer cover photo
employer logo
employer logo

Creative Destruction Lab

Is this your company?

A Poor Change in Leadership is Destroying the Organization but Great Networking - Senior Venture Manager Creative Destruction Lab Employee Review

2.0
May 17, 2024
Recommend
CEO approval
Business Outlook

Pros

-Other Venture Managers are bright and driven -Exposure to a wealth of startups in your domain -Used to have a great culture -Networking opportunities with investors/industry -Decent work/life balance other than overtime during Session weeks

Cons

-Addition of Lydia Turkié as a remote Managing Director has destroyed this site due to complete incompetence, leading to mass layoffs and gutted morale. Failed to fundraise, never present, total opaqueness of management decisions, not receptive to any feedback, refuses to support social events because they're remote (everyone else is in Toronto). -Too many middle-managers -Ties to Rotman make promotion and organizational flexibility very low -Salaries are low in comparison even to other CDL sites -It's even worse knowing the organization had great culture and much better management in the past, and that current mismanagement is being rewarded

Explore other reviews about Creative Destruction Lab

5.0
Oct 2, 2024
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- You are surrounded by high-potential startups and wildly successful entrepreneurs on a regular basis. The network-building potential is massive. - The organization has a constant desire to innovate and autonomy is provided to staff to do so. - The impact of your work is felt regularly in how you help bring revolutionary technology to market. - Access to great technology to help you do your job. - Inspiration and community for becoming an entrepreneur or investor.

Cons

- Fast moving and fast growing means some operational and scaling pains. Not unlike other companies but it's even harder to do within a university. - You have to be quite proactive about changing your responsibilities if you want to. It's easy to get settled in the cyclical nature of the program and get bored if you aren't contributing to the organization's growth. - Incentives can be difficult since sites are employed by their universities but are expected to abide by CDL Global's processes/initiatives. Performance management is a bit difficult because of it.

1.0
Oct 30, 2020
Recommend
CEO approval
Business Outlook

Pros

They "help" startups for free, at least on the surface.

Cons

Creative Destruction lab is horrendously disorganized. The management are clowns, and are hostile to each other and to other companies. They enjoy wasting everybody's time with administrative bureaucracy. They have no respect for other people's time. Don't waste your time with Creative Destruction Lab. I especially feel terrible for all the startups's time they waste with highly antagonistic and hostile treatment.

See reviews by: Helpful|Rating|Date|All