Learn More About RocketBidNet
Learn More about RocketBidNet
As the world’s leading online bidding platform, connect with general contractors and subcontractors with local projects, delivering powerful tools to make bidding simple, efficient, and successful. It also allows users to build a portfolio that showcases their expertise and establishes valuable professional relationships.
Discover RocketBidNet Services: Streamlining Procurement for Businesses
The firm’s pitch to investors was that its approach benefitted from unique synergies. By centralizing functions like IT and marketing, Rocket claimed it could operate at lower cost and that sharing lessons learned across the portfolio would enable it to improve performance. This has proved less true in practice, with former employees describing a rigid management structure and a culture that is hard to work within.
For ventures that survive the incubation period, Rocket offers heavy infrastructure support and places strong emphasis on tracking day-to-day performance via industry-specific KPIs. It has also developed standardized reporting and analytical tools to help the companies benchmark against each other.
Sources suggest that Rocket’s model has become increasingly out of sync with the needs of global tech talent. Experienced operators, once enamored of the cache of working for a Rocket-backed company, now understand that they can’t afford to be sacrificed to a high-churn business model.
Further, many of the companies built by Rocket are clones of established, profitable businesses that have already proven their models in other markets. This approach has created considerable reputational risk for the firm, exacerbated by Oli Samwer’s irascible personality and grim culture.