For the second year in a row, Wealthfront named Big Switch to its list of Career Launching Companies. This list, now in its sixth year, is compiled by Wealthfront, with input from leading venture capital firms, including: Andreessen Horowitz, Benchmark, Greylock Partners, Index Ventures, Lightspeed, and Sequoia capital.
For Big Switch, this recognition is incredibly meaningful for so many reasons, but there are two key reasons:
We are an IT company in Silicon Valley, home to many of the worlds brightest minds, game-changing ideas, and most innovative companies. Needless to say, these bright minds have no shortage of companies competing for their talents. We find ourselves in great company on this list, and are proud to be ranked among them.
We believe in giving as much to our employees as they give to Big Switch. It is our mission to offer all of our employees a professional launching pad by making it a priority to offer an environment full of opportunities for professional development and new challenges that foster the cultivation of new skills. So yes, to be recognized externally for this is meaningful.
Since we were named to this list last year, some exciting things have happened at Big Switch, including:
- The company was certified a Great Place to Work, by the GPTW Institute, receiving a 93% overall satisfaction rating from employees
- The company has a 5.0 rating on Glassdoor, with 100% of employees approving of CEO Douglas Murray and 99% of employees willing to recommend the company to a friend
- Global headcount has increased by 50% during FY17, including the appointments of Wendell Laidley, CFO and Susheel Chitre, VP of Business Development
- Ernst and Young named Douglas Murray and Kyle Forster as finalists for EY Entrepreneur of the Year, Northern California
- Announced new funding of $30.7MM, to support product innovation, continued geographical expansion and increased headcount, bringing total funding to nearly $125MM
According to Wealthfront founder and Executive Chairman, Andy Rachleff, “We publish this list because it is our responsibility as a financial advisor to provide the advice that maximizes your net worth. As proud as we are of our financial planning and investment services, we think we can add even more value by helping you start your career on the right foot. Choosing the right job can add far more to your ultimate net worth than making good planning or investment decisions. We believe the companies we list each year are the ideal places for young people to start their careers because they are all highly likely to turn into large businesses, and nothing early in your career is more important than achieving success.”
Andy is a professor at the Stanford Graduate School of Business; he started compiling this list six years ago as a resource for his students that would ask his advice on which tech startups they should work for. According to Andy, “I disappoint them by recommending that they not to go work for a startup at all. I tell them three words I know are hard for them to hear: ‘You’re not ready.’ I prefer to see them take their first jobs after graduation at mid-sized companies with momentum, not startups, because they are the companies most likely to be big successes.”
Andy recommends that students who do want to work at a startup (or plan to start their own company one day) begin their careers at a company like Big Switch, for two important reasons:
- To have access to opportunities, both during their time with the company (particularly in an entry-level position) and after leaving the company
- To gain insights that will prove to be invaluable and integral to success in future roles
Precisely for these reasons, we agree that Big Switch is a 'Career-Launching Company.' Our team is comprised of some of the greatests minds in the Valley and across the world, and is deeply committed to building and fostering our culture of AWESOME, which means:
- Be Awesome: Respect; Trust & Integrity; Courage to make the tough decision
- Do Awesome: Innovative; Results Oriented; Proud of your Craftsmanship
- Share Awesome: Transparent; Customer and Partner Driven; Give Back to the Community
As a startup in The Valley, we offer the usual perks, such as: catered meals, an on-site gym, flexible work schedules, the ability to work remotely, excellent benefits, and competitive pay. But our culture is what separates us from the rest. At Big Switch, each of our employees is empowered to have a voice and share their opinions. Every employee is viewed as a valuable contributor to this company and their voice will be heard, regardless of whether he or she is an intern or an executive.
In the last 12 months we’ve had 13 interns at Big Switch (many of whom worked in highly competitive engineering or business operations roles) and we’ve had many employees who began their careers with our company. In fact, our employees are given so many opportunities, most of them don’t leave.
We’re building something special at Big Switch and we invite you to join us. We’re always hiring exceptional talent. If you’d like to hear from our own employees why they love working at Big Switch, check out our interviews with The Muse. And to learn more about our current employment opportunities or internships: http://www.bigswitch.com/company/careers
If you don't see an internship or full-time role that is a good fit for you, but you believe that you are what we are looking for, you may email your resume to: email@example.com
About Wealthfront Career Launching Companies List:
To qualify for our list of US based mid sized companies with momentum, a company must be privately held, have a revenue run rate by year end of between $20 million and $300 million, be on a trajectory to grow at a rate in excess of 50% for at least the next three or four years and have compelling unit economics. Selling a product at very low margins can lead to rapid revenue growth, but it doesn’t necessarily imply a great long-term business.
This year’s list includes 147 companies, up 15 from last year’s 132. We added 35 new companies, which is about in line with our six-year average. We dropped 20 companies, which includes 5 that went public, 4 that were acquired, 3 that grew beyond the $300 million revenue cap, and only 8 that experienced growth that was too slow to continue to qualify (a much smaller number than last year and below the six-year average).