Feb 3, 2020
Very Broken, Sinking Ship
Anonymous employee
TechSoup Response
6yWe want you to know we appreciate you for sharing your comments as an employee at TechSoup. Thank you for taking the time to share the broader view of TechSoup, including the pros and cons.
It is always our goal to be as transparent as possible, which means sharing at staff meetings, in team meetings, in 1:1s, and via open door policies with managers, our People and Culture team, and available suggestions boxes. It’s not always easy though for everyone to have the same and equal information. Sometimes, that’s about privacy and secure information. Sometimes, that’s because we haven’t quite gotten it right. We are committed to learning and improving the ways that we communicate with our colleagues in offices around the world.
We also want to clearly respond to your comment about falling into debt. We have intentionally decided to raise growth capital funds through a variety of mechanisms, including selling debt securities through an SEC qualified Direct Public Offering. This is a deliberate strategy on our part to raise funds to build toward our strategic vision. The rationale for that is available as public filing documents and, in a more narrative fashion, as a series of blog posts. We -- and our board -- feel good about this decision. We’ve long operated with the idea that we focus on capacity building and resources distribution for our community. It’s at the core of the way we’ve set up the TechSoup Global Network. It underpins our work with companies around the world to offer donated and discounted products to NGOs. We decided to raise funds in a way that created a return for our community as well.
Again, that you for taking the time to comment. This helps us learn the places we can improve. We appreciate it.
We wish you the best in your future endeavors.
