22 Dec 2022
Prophecy Response
3yWe're building new technology and a challenging product and it requires hard work - isn't that why you join an early stage startup?
We have the model needed for the product we want to bring to the market. Our model couples high work throughput with high compensation/technically interesting and challenging work. We have improved our process to make this clear upfront during the hiring process.
People have different productivity - some people will produce acceptable work in a few hours, some will take many - there are people who have been working here for years and have rarely worked outside 8 hours, 5 days a week.
Since cash in bank was mentioned, I'd like to mention that we have a very transparent culture and our numbers are shared across the company. We grew 6x this year in revenue and are continuing to hire actively. Since (valuation = revenue X multiple), and our revenue is growing more than the reduction in multiple (due to capital becoming more expensive), we'll raise a solid up round for Series B. We're just not in the situation many later stage companies are in, where it is hard to grow into their last valuation, we got lucky that way.
We are working hard to make Prophecy the best place. We strive to provide an environment where employees feel they’re valued, treated fairly, and respected.