Box reviews

Getting very fat at the top. The company has too many VP's and above, enjoying rich compensation, which weighs down on the P&L. Sales, Biz Dev, Marketing,..you name it. Levie is too inexperienced and all over the map. Levin delegates down and manages up. Others have been there too long (grandfathered in despite their incompetency) or simply are playing politics as the company grows. None of the senior exec staff took responsibility for mistakes in timing and content on the S-1, rather focus on firing under the table and trimming, which is not a good sign long-term. Many customers state that they are now using Box just as cloud storage, which is a commodity. The company may see churn increase.

I've seen this happen to good companies before. As the size of the company grows, C-level players get busy and management begins to slip. At Box, this is a very serious problem. After nothing was done in the face of a mass exodus of disgruntled or unfulfilled talent, the powers that be opted, instead, to bring in sub-par, seemingly unvetted management who in turn, opted to lean on cronyism by bringing in their friends from their past employ. (I didn't see many "good fits" being brought in, as much as "old friends".) During my time there, I witnessed a complete fumbling of a potentially epic brand. While they claim to support and promote from within, this was rarely the case, as I saw it. It seems many Boxers struggle with the pros and cons, yearning for a better work life. But as with Dorothy on her way to Oz, it's easy to settle instead to doze their days away in the poppy field that is Box.