Leadership - Sales Associate Magnus Medical Employee Review

-Obviously a very cool and impactful product. There are real people whose lives are changed by the treatment. The company was good about highlighting patient stories to keep your motivation going. -Generally try for a modern, sleek, and up-to-date product in a world of ancient medical devices.

-Abysmal job security. I have never seen a startup hire and fire people so often. No one is safe: everyone from the CEO to accomplished researchers who literally pioneered the key technology have been suddenly laid off. Well, one person is safe: the tyrant running it, who suffers from "best little boy" syndrome and wants everyone to tell him how funny he is. -Tied into that, management has done some extremely shady financial games to the detriment of their employees. For instance, anyone who worked there before their Series B had all of their shares diluted by a factor of 2000. Yes, 2000! If you paid $10,000 to exercise options, after the Series B your shares were worth $5. This applied to former and current employees: the current employees were re-upped in shares, but all the time they spent vesting was a complete waste. Consider whether you trust your equity to be worth anything if they make it to future rounds.

Great Technology Helping People Hybrid Structure

Pay is under market rate Equity is extremely poor