Cons
PitchBook is the 30 year old that wants to pay you in beer to help them move. The business continues to grow and has cash on the balance sheet but does not see value in paying employees competitive wages
Bro, sports, partying culture - NYC office full of drug use with some employees known to pass out 'party favors' to office favorites. Some leaders and employees are well known to get stumbling drunk (throwing up, being carried out, peeing on themselves) at company sponsored events yet those same people continue to be 'in the fold' with senior leadership with no consequences
PB does not hire experienced talent (again related to increasing salaries) often cutting corners and choosing to hire cheap rather than experienced talent
PB does not trust employees to WFH responsibly
Inexperienced, anxious middle managers often bully top performers and practice fear based management
Severe lack of diversity (age, race, sex) with disingenuous efforts to address. Management has expressed their awareness and commitment to change the bro culture and lack of diversity. This is followed by creating an employee led diversity initiative (inviting women and POC to join, how novel) and then not doing anything with the ideas generated from these meetings. What the company does continue to act upon is to endorse hosting the holiday party at 1Oak (a notorious NYC finance bro hotspot), install expensive office projects like an in office slide connecting 2 floors or a golf simulator, take on a large corporate sponsorship of an ice hockey team, promote March madness betting pools and continue to push employee referral program that grows the existing group of Brads, Chads, & Tads
Tenure and age is rewarded over talent end results - PB often wastes potential of young talent - young talent will sit in roles for years (justified by ever growing rigorous and meaningless career ladders) without mentorship, praise or use of their capacity to meaningfully contribute to the company. This seems to be the result of middle managers unaware of how to identify and nurture talent and/or being threatened & insecure by their talent
This is not unique to PitchBook however it is overwhelmingly blatant - HR aligns itself to defend the company, often dismissing, denying, justifying or turning a blind eye to concerns expressed by employees. I have personally experienced many issues HR has acted like they were unaware of because they were not reported through proper channels despite being communicated to at least one person in management in at least one way. As a previous commenter posted, PB is a lawsuit waiting to happen.
