Anyone taking the job if it were offered to them?

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I won't. After long consideration, the hiring strategy just does not make sense. I have worked for several start ups and when they hire this may people at launch, they ALWAYS end up laying a large percentage of them off very quickly. Once the drug launches, the company starts spending money faster than they can make it and when wall street puts on the pressure, the quickest fix is to streamline the sales force. Make no mistake, this is an orphan drug. They do not need 85 reps anyway. Truth be told, they probably know that and are just testing the waters to see how well/quickly the drug is received in areas. Anyone who has launched a drug knows that there are certain areas where the physicians tend to be "early adopters" and certain areas where they will wait to see what their colleagues do first and that it is effective and safe.

I also caution those who have kids- once they decide they need to streamline the sales force, you will be the ones with targets on your heads. Your territories will double or triple in size and your RSM knows that you will be miserable when you're forced to do 3-5 overnights a week.

I know the money is tempting, but look at it as though that $85-100k is your total comp. If you have worked for a start up you know that they always expect much higher revenues than are realistic and therefore the goals they set are not attainable, so if you're looking for that "$36k at plan" or even the much higher bonus possibilities you saw in the interview, you are dreaming. Look at some of the other start up boards here, they were promised the same and are on track to make $300 this quarter. LOL. If you look at it from that perspective, your total comp is a little below average and you will be working twice as hard as you would for any other company making that kind of money, with the very real possibility that your position will be gone in six months or less and you will be going through this all over again.
 






Finally someone writes a post that is dead on! Good luck to those who take it but I totally agree with this guy.


Anonymous said:
I won't. After long consideration, the hiring strategy just does not make sense. I have worked for several start ups and when they hire this may people at launch, they ALWAYS end up laying a large percentage of them off very quickly. Once the drug launches, the company starts spending money faster than they can make it and when wall street puts on the pressure, the quickest fix is to streamline the sales force. Make no mistake, this is an orphan drug. They do not need 85 reps anyway. Truth be told, they probably know that and are just testing the waters to see how well/quickly the drug is received in areas. Anyone who has launched a drug knows that there are certain areas where the physicians tend to be "early adopters" and certain areas where they will wait to see what their colleagues do first and that it is effective and safe.

I also caution those who have kids- once they decide they need to streamline the sales force, you will be the ones with targets on your heads. Your territories will double or triple in size and your RSM knows that you will be miserable when you're forced to do 3-5 overnights a week.

I know the money is tempting, but look at it as though that $85-100k is your total comp. If you have worked for a start up you know that they always expect much higher revenues than are realistic and therefore the goals they set are not attainable, so if you're looking for that "$36k at plan" or even the much higher bonus possibilities you saw in the interview, you are dreaming. Look at some of the other start up boards here, they were promised the same and are on track to make $300 this quarter. LOL. If you look at it from that perspective, your total comp is a little below average and you will be working twice as hard as you would for any other company making that kind of money, with the very real possibility that your position will be gone in six months or less and you will be going through this all over again.
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If I read this post before being in Philly for the final interview I would have disagreed & thought this was another no-it-all D-bag talking out of their ass. HOWEVER, after the going thru the final interview I feel this post is SPOT ON. The final interview was a big letdown, in terms of the feeling I got for this whole thing, and also the mgnt team running the show. I'm not going to get anymore specific b/c I think this guy already covered it. Unfortunate b/c I am hoping we are all wrong about this!


Anonymous said:
I won't. After long consideration, the hiring strategy just does not make sense. I have worked for several start ups and when they hire this may people at launch, they ALWAYS end up laying a large percentage of them off very quickly. Once the drug launches, the company starts spending money faster than they can make it and when wall street puts on the pressure, the quickest fix is to streamline the sales force. Make no mistake, this is an orphan drug. They do not need 85 reps anyway. Truth be told, they probably know that and are just testing the waters to see how well/quickly the drug is received in areas. Anyone who has launched a drug knows that there are certain areas where the physicians tend to be "early adopters" and certain areas where they will wait to see what their colleagues do first and that it is effective and safe.

I also caution those who have kids- once they decide they need to streamline the sales force, you will be the ones with targets on your heads. Your territories will double or triple in size and your RSM knows that you will be miserable when you're forced to do 3-5 overnights a week.

I know the money is tempting, but look at it as though that $85-100k is your total comp. If you have worked for a start up you know that they always expect much higher revenues than are realistic and therefore the goals they set are not attainable, so if you're looking for that "$36k at plan" or even the much higher bonus possibilities you saw in the interview, you are dreaming. Look at some of the other start up boards here, they were promised the same and are on track to make $300 this quarter. LOL. If you look at it from that perspective, your total comp is a little below average and you will be working twice as hard as you would for any other company making that kind of money, with the very real possibility that your position will be gone in six months or less and you will be going through this all over again.
Click to expand...
 






Anonymous said:
I won't. After long consideration, the hiring strategy just does not make sense. I have worked for several start ups and when they hire this may people at launch, they ALWAYS end up laying a large percentage of them off very quickly. Once the drug launches, the company starts spending money faster than they can make it and when wall street puts on the pressure, the quickest fix is to streamline the sales force. Make no mistake, this is an orphan drug. They do not need 85 reps anyway. Truth be told, they probably know that and are just testing the waters to see how well/quickly the drug is received in areas. Anyone who has launched a drug knows that there are certain areas where the physicians tend to be "early adopters" and certain areas where they will wait to see what their colleagues do first and that it is effective and safe.

I also caution those who have kids- once they decide they need to streamline the sales force, you will be the ones with targets on your heads. Your territories will double or triple in size and your RSM knows that you will be miserable when you're forced to do 3-5 overnights a week.

I know the money is tempting, but look at it as though that $85-100k is your total comp. If you have worked for a start up you know that they always expect much higher revenues than are realistic and therefore the goals they set are not attainable, so if you're looking for that "$36k at plan" or even the much higher bonus possibilities you saw in the interview, you are dreaming. Look at some of the other start up boards here, they were promised the same and are on track to make $300 this quarter. LOL. If you look at it from that perspective, your total comp is a little below average and you will be working twice as hard as you would for any other company making that kind of money, with the very real possibility that your position will be gone in six months or less and you will be going through this all over again.
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Thanks for your insight. Now I'm thinking twice about this job if I was chosen. Thanks for your honesty and not being insulting to anyone who really would like this job.
 






















































I might go if they loosen up the wallet and pay for the "top talent" they say they want. Maybe they will negotiate with more stock or sign on bonus. not sure about any of that though. No use talking about it anyway unless an offer comes. I think I will get it, just not sure if it will be enough.
 




































You are right, I got my offer call on Friday night after their meeting in Philly. Not at all what I thought so I am just going to stay at current company. I did tell Pat that I wish him the best.
 






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