In 5 years, the company has raised $40 million and it still does not have a proven revenue model nor does it have a product-market fit with consumers. The CEO is completely unfit and unprepared to lead the business. She has essentially outsourced every function within the company. She is much more interested in Instagram/Snapchat and name dropping. As a result, she has no understanding of the operational details whether they be product, engineering or marketing related. To fill this void, each executive has forged their own path for the company, which ends up being super counter productive because they are not ever aligned.
The whole thing is very sad because the concept is outstanding. However, what StyleSeat proves is that entrepreneurial success is only 1% idea and 99% execution. The execution in this case has been horrible.
To add fuel to the fire, the office is infected with tons of rats to the point of being unsanitary.