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Still alright after acquisition

Software Engineer
Current Employee
Has worked at BlackRock for less than 1 year
October 18, 2015
San Francisco, California
4.0
RecommendsPositive OutlookApproves of CEO
Pros

The engineering team is pretty small but gets a lot of features done. We are very agile and release code daily. Everyone works on important features since we just don't have time for anything else. The company as a whole is pretty nimble and has lots of smart and passionate people. If you want to learn more about personal finance or investing, just chat with one of our financial advisors.

FutureAdvisor was recently acquired by BlackRock. A lot of us were apprehensive about this, since we signed up to work for a startup, not a mega corp. Bo promised that we will stay independent and nothing will change, and so far, that's mostly been true, but I'm not sure if we can continue to be independent indefinitely. For now at least, I'm happy with the salary bump, 401k matching, and promise of performance bonus in lieu of stock options upside.

The new B2B initiatives are pretty exciting and can significantly increase our customer base, especially with BlackRock backing us.

Cons

We are experiencing all sorts of growing pains, from running out of office space to teams not communicating with each other. Gone are the days when you could find one person who knew every detail on a project.

The B2B initiative will definitely produce some unsexy work on the engineering side.

Advice to Management

Stay nimble. Make sure every new hire is needed to do important work, because it's hard to stay nimble if headcount explodes. Don't let BlackRock slow us down.

Carefully manage growth. Make sure teams are communicating with each other and don't have different priorities. Keep the hiring bar high.

Move to a larger office ASAP.

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