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Creative Destruction Lab

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A Disheartening Experience in a Dysfunctional and Toxic Environment - Senior Venture Manager Creative Destruction Lab Employee Review

2.0
20 Sept 2024
Recommend
CEO approval
Business outlook

Pros

Great colleagues and a strong sense of camaraderie within the teams. Good networking opportunities and chance to connect with industry leaders that significantly expanded my professional circle and enriched my understanding of the field. Engagement with scientific and academic institutions.

Cons

Toxic management, primarily driven by narcissistic leaders who hand out promotions based on connections rather than merit, leaving truly talented individuals overlooked and undervalued. The culture is riddled with big egos, and there’s a glaring lack of concern for employees doing essential fieldwork. Leadership is quick to celebrate their successes, but they consistently ignore the major issues that plague the organization. It's frustrating to watch them pat themselves on the back while the ground-level staff struggles to meet unmanageable demands. Financial management is poor, and it shows. New sites are opening up every year without adequate consideration for the existing struggling locations. Instead of investing in and supporting these sites, management seems to operate on a “move fast and break things” mentality, which only exacerbates the challenges faced by employees. Moreover, there’s a disheartening lack of support for staff who are let go, with no effort to redeploy them to the new sites being launched. It feels ironic that a program meant to nurture and support startups is completely devoid of a nurturing culture for its own employees. Instead of encouraging those with potential, the environment favors a “superstar” mentality, leaving many promising individuals feeling unsupported and overlooked.

Explore other reviews about Creative Destruction Lab

5.0
2 Oct 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
30 Oct 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.

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