Pros
Tango used to be a leading messaging company; however, they lost their battle to competition that executes faster with a coherent strategy. Great talent has long left the company.
Kontras
- No evident exit or fundraising options for the future. Even existing investor Alibaba invested in Snapchat. - Undergoing major layoffs with people disappearing over night. These efforts are led by a ruthless CEO who thinks investor's money are his own. - Almost 50% employee turnover with many new hires leaving the company in a couple of months after realizing coming to Tango was a mistake. - Below the market compensation plan. If you are a great engineer you have much better options in a hot market these days. - Weak leadership team with no growth strategy as evident by tanking user numbers and engagement. - Lack of product vision. The core product team has no prior experience in social. Just check out the latest reviews of the app in the app stores
