Toxic - Funding Specialist MobyCap Employee Review

1.0
Jul 13, 2023
Recommend
CEO approval
Business outlook

Pros

It’s a good place to learn how to sell for beginners.

Cons

It’s the most toxic environment I have ever been a part of. The management is delusional and will sell you a huge dream then proceed to treat you like trash unless you produce a huge amount of revenue for them. It’s your typical little MCA chop shop. They will also brag about how rich they are if anybody confronts them. It’s not funny while you are working there but it becomes hilarious after the fact. If you have any sort of values be prepared to leave them at the door.

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MobyCap Response
2y
We're absolutely sorry that this was the outcome of this hire. Unfortunately, this falls on us as leadership. Our first mistake was hiring this particular employee into a culture in which he would not fit. Our last mistake was not firing him fast enough. We've taken a deep look at our hiring practices and have since made corrections to avoid this in the future. But to address this issue... This employee did not ever come to management with any concerns, and in fact, spread his discontent amongst other employees without our knowing, meanwhile accepting generous cash advances from management to move his family across the state so that he'd have an opportunity to make more money (giving him commission advances for well over a year, in fact). Additionally, when prompted, this employee was reluctant to give us any constructive feedback at all. After a few months of his employment, we caught him stealing from the company by manipulating call counts to "max out" his compensation. We understood when times get tough, so we gave him a chance to correct his behavior instead of firing him (which from hindsight, we should have done). Furthermore, he would undermine our business processes, all while asking leadership for more money to continue to support his bad habit of missing multiple days of work each week. After running an audit, we discovered that he averaged 3 days of work a week through his entire work history. We also identified that when he said he was "working from home" - he'd just leave his laptop on, and collect a paycheck. This employee was full of reasons not to give it his all; had plenty of excuses not to actually do the job - and we continued to give him chance after chance. The second he'd come into work, he would let the entire team know about how he didn't want to be there. Lastly, he spread his entire discontent to all our new employees, discouraging them from our training and methods to produce results. He was jealous and envious of those that were having success and expressed this blatantly with our new hires - saying nothing was possible and it's all a "delusion" - when we have agents who have made this their career. Our intent when we propose that you can make a lot of money at this job, it's not to discourage people -- it's to encourage them of the possibility to grow and create the life they want for themselves. He found it entirely discouraging and had his own limits set on himself from the first day of his hire. Again, this falls on us, and we own our mistake in the process. We took a chance on a good "underdog" story, and it turned out for the worst. This doesn't mean that we won't ever consider taking on a new underdog, but this one wasn't an underdog, he was a dead dog. It's easy to blame us for all of the failures, but in reality - we know what our failure was. And we are working toward a more wholesome and inclusive environment in which people can feel more heard - and have a safe space to do so. Not quietly seething because they're in a high-performance, high-achieving culture that isn't a fit for them. We hope and wish him the best of luck that he finds the culture that is more suitable for his habits and helps construct a more positive mindset for him.

Explore other reviews about MobyCap

5.0
Apr 29, 2025
Recommend
CEO approval
Business outlook

Pros

-Growth Opportunity -Fast Pace -Exciting Environment -Amazing Sales Experience/Training

Cons

-Eat your Wheaties; this job is challenging

1.0
Apr 26, 2025
Recommend
CEO approval
Business outlook

Pros

Base salary is the only pro but doesn't come close to compensating you for the amount of work and the unbelievably unprofessional and toxic environment.

Cons

The owners are two of the greediest people I've ever worked for. They'll have record breaking months funding up to 20 mil off the hard work of everyone in the office and reward them with buying a few pizzas. I've personally witnessed them make a $140,000 commission off one deal and not pay the agent that brought it in a penny for their work. These people are crooks. Do not allow them to take advantage of you like they've done to so many others. They will try to sell you on what a good opportunity this is and how the top agents are making 250k and up. This is a lie. They will try to tell you that negative reviews of the company are made by "people that weren't a good fit" or "didn't like to work". This is a lie. This business is designed to reel people in with false promises, use them as much as possible, burn them out and then kick them to the curb. They should be ashamed of themselves but narcissistic sociopaths are incapable of these types of human feelings. Do yourself a favor and take these reviews very seriously.

4
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MobyCap Response
1y
Thank you for your feedback. While this review is emotionally charged, it raises serious accusations that we want to address directly. First, let’s address the claim that ownership withheld commissions. Our commission structure is defined in writing, reviewed during onboarding, and based on clear conditions—typically deal submission, underwriting engagement, and final funding. We maintain internal documentation of all commissionable activity. If there was a genuine case of a missed payout, we invite that to be brought forward with specifics. That said, no agent is ever denied compensation they are contractually owed. Alleging that ownership profited $140,000 on a single deal while intentionally paying a team member “zero” is not only untrue—it undermines the real efforts of the many professionals here who work with integrity. Second, while we are a growth-focused and performance-driven company, we reject the notion that success here is built on exploitation. Our top performers consistently earn strong six-figure incomes—and yes, that includes $200K annually. That is not a blanket promise; it is a reflection of what’s possible for those who meet the expectations of the role and contribute meaningfully to funded volume. Unfortunately, we find that employees who leave and leave reviews such as this, typically never see that type of production giving them impression that it's not possible. In our experience, many times, it's a lack of personal belief in oneself or what's is possible for them to achieve (although others are doing it right in front of them) that gets in the way of otherwise seemingly high-potential salespeople. Unfortunately, that's a tall ask for us to fix, and though we try, most of the time we discover it is truly not a good fit. Now to the heart of your review: the accusation that leadership is “toxic,” “greedy,” and “manipulative.” These are serious words—and we understand they likely come from a place of frustration or perceived mistreatment. We don’t dismiss that lightly. Sales—especially in our industry—is demanding. It’s high-pressure, results-driven, and not every leadership decision will feel good in the moment. But “toxic” implies an environment of sustained abuse, retaliation, or disrespect. That is not the culture we are building, nor do we tolerate it. Are we tough on performance? Absolutely. But we also invest in team training, offer base compensation to subsidize ramp-up, and reward strong contributors. Our culture isn't perfect—but we are actively working on communication, leadership development, and team health. Lastly, we won’t invalidate your experience. If something went wrong—interpersonally or structurally—we want to know. But calling ownership “narcissistic sociopaths” crosses the line from critique of a bad experience (perceived or real) into character assassination. We’re open to hard feedback. We’re not open to slander. We continue to evolve and are open to hearing valid concerns, but we also stand by our mission, our values, and the work our team does every day to support small businesses we proudly serve. We wish you the best and hope your next role is a better fit for your skills and expectations.
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