Pros
The company benefits are amazing. Not only are the insurance and 401K very good, but they also provide a lot of benefits like free lunches and dinners and completely stocked kitchens. To round out the benefits packages are things like free a free tablet and maternity clothing allowance. They throw the best parties ever. From tailgate parties to offsite meetings to the annual company holiday party, all are the best. Everything Domo does is first-rate. Their annual user conference, Domopalooza, is the best technology conference I have been to, and I’ve been to a lot. Domo puts a lot of time, effort and money into their image and it shows. Finally, the product is beautiful and really valuable if you use it right. Like most products, people never utilize things to their full benefit, but it can be amazing for those who do.
Cons
The amazing benefits are ultimately overshadowed by the things that are not right with the company. While Domo has raised insane amounts of private equity (and now money from an IPO) they are still in a critical financial state due to big issues in the company. They have burned through cash so quickly that it’s bound to have an impact on their future growth. Their target customers at Fortune 500 companies will shy away from making huge investments in a company that is in such a precarious financial situation. Their burn rate needs to be seriously addressed as they are finding money harder to come by and revenues are not growing nearly as quickly as they need. Turnover at key leadership positions seems to be an issue. The sales and marketing teams, in particular, are in a constant state of turnover as the company seeks to get the ‘right mix’ in order to meet very aggressive growth goals. Turnover is impacting their ability to become efficient and develop a refined sales/marketing engine. There is a big ‘Inner-circle culture’ at Domo, almost like a fraternity/sorority mindset in college. If you are in the inner-circle things are great, but for those on the outside, it’s a struggle. Insiders get benefits that others don’t including promotions and invitations to exclusive parties thrown at the CEO’s home. Finally, the CEO is very involved in every aspect of the business. His involvement often puts a lid on creativity within the company. People are hired to bring in their expertise but are limited in their ability to do their job because of this control.
