Endochoice opportunity

Oh EndoChoice, where do I begin...

As a full disclaimer, I was an employee who left on good terms. I was not fired like all the others I am hearing about, but then again I worked there during an easier time. It's sad to see what has happened...it makes me upset to see the territory I helped build now rotting away. The best way to describe the current situation, "pigs get slaughtered"

The executives (MG & GC) became extremely greedy and basically ruined what was working, mortgaged the whole company (which was almost profitable) on FUSE, which lets face it, is absolutely a piece of garbage. To boot, they couldn't have hired a more retarded "team" to put it all together. Look, no one is perfect with their hiring choices, but no one should also be that bad! Honestly, I'd have to blame GC on the hiring...if anyone knows him, he's the most arrogant, unlikable, unwilling to listen to anyone, person I have ever met (most would agree).

Anyways, I've digressed...

The devices kind of sucked (sticking forceps), but they had a good thing going with the compliance kits. The kits may be the ONLY thing that is representative of CHIE. It was a product that got people excited and made my job fun! As I mentioned though, it simply wasn't enough. Or it wasn't enough for the CEO to build an additional mansion, lol! I think at one time most of the reps were genuinely happy because management was happy. If you're goikg to pin point the turning point of EC I would have to say without a doubt, FUSE. Again, though it's a novel idea...it's GARBAGE in terms of quality. It's the quintessential "Lamborghini kit" on the Fiero. This company will without a doubt fail (if they're not sold)...hopefully they will be able to pay Sequoia back :)

Anyways, to make a long story short, this company used to be awesome and now they blow. To any future TM's with interest, listen to the board and pass on this. Worst case, you're looking a few more months for a job and best case, you'll make $70,000 (if you make it out of your first year), but you'll literally cry every Sunday night because you'll dread the start to another soul crushing week!

To use a line from my favorite show as a child growing up..." But you don't have to take my for it" (that's Reading Rainbow for all of you Millennials)


What a great summation. And accurate. I LOL'd big time at your on point analogy of FUSE being a "Lamborghini kit on a Fiero". That's brilliant. And here I was thinking most all of you sales guys were dip-shits. Bravo. Really good points.

Loved your take on GC. I'm frankly amazed that he still has his position for all of the issues he's had and been involved in. Probably the least professional division level manager I've seen in 30+ years across 6+ companies. As for MG, unfortunately I don't see the huge gamble paying off for us in leveraging our futures on FUSE. I don't see how the company can stay afloat with losing so much money each quarter.

EndoChoice isn't for everyone. Hahahahahaha!!! Well, no shit. I love that line, "EndoChoice isn't for everyone". Suicide isn't for everyone, either. I guess I'm just lucky that I don't really need the money and don't let all of this stuff get to me the way it gets to the other 90% of you.

I don't think we'll be hiring anyone for a while with the recent layoffs and firings, so I guess be lucky you have a job. Those are hard to come by in some markets.
 










































According to their website, there are 4 or 5 facilities in Florida (total) that use Fuse. No idea if they are big/small, whatever. No idea if they actually use Fuse after it was purchased.
 






Having 4 units placed in Florida is like owning one share of stock of Apple. It's meaningless. Physicians don't care, like, respect, the fuse system at all, and if they do they're lying because endochoice has them on their payroll as a speaker. Fuse is a flash in the pan. It's just curious how much longer endochoice will throw borrowed money at it.
 






Like just about everything EndoChoice in the time I've been here- it's all complete lip service, coming from an executive management shareholder. First off, let me say this- I promise you, PROMISE YOU, that I've been in more cases than you have and know the system better than you do. And like most, I've had multiple cases of "A-HA!" moments that have been pretty cool. But you know what? There are just as many physicians that don't care about the "A-HA!" moments. Most all of them now just want to finish their case and remove what they can and call for the next patient. And for every "A-HA!" moment, there are literally 25+ product failures and breakdowns that happen. And that's not even taking into consideration the human error element and significant management missteps along the way- Some quite reckless and egregious as one recent rumor making its round depicts.

And did you know that salespeople know all about the bashing you do about us? It all gets back. There are actually some RMs on our side and help us with what's going on. Need I remind you the the same salesforce you constantly trash on your calls and meetings are the same salespeople that took this company to where it was at the end of last year (pre-Fuse)? You can't trash us and celebrate the results on your slides at the same time.

All of it is finally adding up to more than what everyone I talk to can take, and the attrition hasn't really even started yet. Nice idea, horrible execution, no sales, no support, unnecessary self-created mistakes and stress, and no commissions. When this adds up and people are making $50,000 to $75,000 less than they normally make with no relief in site------you have a major problem on your hands. $150,000 jobs (with far less to put up with) are literally growing on trees on all of the job sites right now.


Over a year later since this post and the message still holds true. Nothing has changed.
 






Do yourself a favor and connect with current and former EC reps on LinkedIn to get the real story before accepting a position. Do your research. You'll be happy that you did.
 






Stock is floundering. Down +30% since first day of trading.

How's Q3 shaping up? Considering a job here but the post-IPO/ 2nd gen Fuse euphoria seems to have faded and fast. Do they not have enough boots on the ground as they claim or slow/non-existent adoption?
 






Thoughts on a new position they've created?? Field Sales Associate who will be selling the GI disposables along with infection control line. I was contacted about interviewing for the opportunity and wanted to hear some opinions.
 






Thoughts on a new position they've created?? Field Sales Associate who will be selling the GI disposables along with infection control line. I was contacted about interviewing for the opportunity and wanted to hear some opinions.

You wanna sell garbage bags and lube all day? If so, then apply. If not, keep looking.
 






A sure fire way to see if a company is failing miserable: track all of the reactionary decisions being made.

2012-2013 Let's hire a full direct sales force!
2014 Let's layoff 20% of our sales force!

2014 Let's hire a team of 16 capital specialists!
2015 Let's fire our entire team of 16 capital specialist!

This company literally throws shit up against a wall to see if it sticks. No sound management philosophy whatsoever. From sales leadership to operations to finance. Complete shit show.

Watch this stock go to $8 at the next quarterly earnings release. Then it will go to $5 following the next quarter release. In 12 months it will have lost 80% of its value from the IPO. It had a good story to tell. Good board members. 0% execution and very poor leadership will be its demise. "We'll figure it out" is not a strategy. Be the ball, Danny.
 






A sure fire way to see if a company is failing miserable: track all of the reactionary decisions being made.

2012-2013 Let's hire a full direct sales force!
2014 Let's layoff 20% of our sales force!

2014 Let's hire a team of 16 capital specialists!
2015 Let's fire our entire team of 16 capital specialist!

This company literally throws shit up against a wall to see if it sticks. No sound management philosophy whatsoever. From sales leadership to operations to finance. Complete shit show.

Watch this stock go to $8 at the next quarterly earnings release. Then it will go to $5 following the next quarter release. In 12 months it will have lost 80% of its value from the IPO. It had a good story to tell. Good board members. 0% execution and very poor leadership will be its demise. "We'll figure it out" is not a strategy. Be the ball, Danny.

2014 - Let's give the sales force a raise in their salaries.

2015- Let's cut all of their salaries without warning.
 
























Please expand on your answer. You obviously have no idea what you are talking about. Sales to major hospitals have went down at the end of Q3 as well as two weeks ago.

What? The one room deal in Miami? Congrats. One room. Way to go. Let's see if they will run into the durability issues that the other high volume Fuse shops occur on a daily basis. Why don't you talk to the reps who have high volume shops and see how much fun it is to have Fuse accounts.