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Payroll startup Gusto raises $200M

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Re: Payroll startup Gusto raises $200M

#41
post #34

Earlier quoted context omitted.

Can you expand on your setup?

I run a game server hosting business that does ~$600k in ARR, and I love focusing on the software side of it. I have a simple payroll with 2 recipients, and I love how Gusto is something I never have to think about. I enabled automatic payroll and muted their automatic emails, so the whole thing just runs every 2 weeks without me having to remember that it's happening. I wish someone would do my regular tax filings i…

[deleted]

Re: Payroll startup Gusto raises $200M

#42

Earlier quoted context omitted.

> Can we go back to a time where employees aren’t asked to be 100% emotionally attached to their work When was this? Post-War corporations sported a common uniform. Industrial Era culture was demandingly monotonous and before that we’re talking about guilds and their customs. Broadly speaking, there are benefits at multiple levels to having a cohesive company culture (including eclectic traditions). We’re just seeing…

When I was a kid in the early 1970s, my dad took my brother and me to his workplace sometimes on Saturdays. There I interacted with machinists, electronics techs and at least one engineer. Also my dad was an engineering manager. It was definitely common and acceptable for the machinists, techs, engineers and manager to say that they would rather be doing something else than working or that they would rather have a jo…

Conversely, I've heard stories of car manufacturer workers keying cars of other employees who drove in cars of other brands. Not every company nowadays is nutty, but then again, it happened back in the day, too.

Re: Payroll startup Gusto raises $200M

#43
post #18

It seems like a good product, though I always get very uneasy by companies that have extreme company cultures. If you work there, you can’t wear shoes in the office (to give the feeling of being at home?) and apparently you need to change your LinkedIn headline to say you “Empower” X or Y. I feel like every blog post I’ve ever seen from this company is about their “mission-driven culture.” Can we go back to a time wh…

In Finland it is common for people to remove shoes indoors - I guess walking through slush/ice/snow in winters makes that a good habit - and that often extends to company-offices. Of course outside there it would seem a little odd to many, I'm sure. Though sliding around polished floor, in your socks? Never gets old. Maybe I'm just a child..

One of my colleagues wears only happy socks during Winter, no shoes. It’s great because there always something to talk about whenever people bump into him.

Re: Payroll startup Gusto raises $200M

#44
post #18

It seems like a good product, though I always get very uneasy by companies that have extreme company cultures. If you work there, you can’t wear shoes in the office (to give the feeling of being at home?) and apparently you need to change your LinkedIn headline to say you “Empower” X or Y. I feel like every blog post I’ve ever seen from this company is about their “mission-driven culture.” Can we go back to a time wh…

In Finland it is common for people to remove shoes indoors - I guess walking through slush/ice/snow in winters makes that a good habit - and that often extends to company-offices. Of course outside there it would seem a little odd to many, I'm sure. Though sliding around polished floor, in your socks? Never gets old. Maybe I'm just a child..

Interesting observation.

When I lived in a city in the US that had regular snow and ice, floors inside of the buildings were never slushy/dirty, despite everyone wearing the same shoes inside and outside (businesses only, inside my house I always take them off no matter the time of the year).

However, back when I lived in Russia, we had to bring an indoor pair of shoes to get changed into, as everything would be covered in a layer of outside of dirt otherwise.

I honestly have no idea why that was happening, but I wanted to make a point that both you and OP can certainly be correct on that one at the same time.

Re: Payroll startup Gusto raises $200M

#45
post #18

It seems like a good product, though I always get very uneasy by companies that have extreme company cultures. If you work there, you can’t wear shoes in the office (to give the feeling of being at home?) and apparently you need to change your LinkedIn headline to say you “Empower” X or Y. I feel like every blog post I’ve ever seen from this company is about their “mission-driven culture.” Can we go back to a time wh…

This is exactly my feeling. Gusto just comes across as a nauseatingly virtue-signaling company (another is Lyft which I found out when I interviewed with them).

I read an interview somewhere by Joshua Reeves, and he seemed to answer every question like he was Tony Robbins or some top-level guru. Dude, I don't want your life advice, tell me how to run a profitable company.

Silicon Valley tech is overtaken by this need to project wokeness. That's one big reason I wanna leave this place and work for a more blue-collar tech place. Don't know where that exists.

(I am non-white, and an immigrant, so don't be quick to accuse me of extremist views)

Re: Payroll startup Gusto raises $200M

#46
post #18

It seems like a good product, though I always get very uneasy by companies that have extreme company cultures. If you work there, you can’t wear shoes in the office (to give the feeling of being at home?) and apparently you need to change your LinkedIn headline to say you “Empower” X or Y. I feel like every blog post I’ve ever seen from this company is about their “mission-driven culture.” Can we go back to a time wh…

Source?

https://www.businessinsider.com/gusto-headquarters-office-to...

https://www.businessinsider.com/gusto-ceo-joshua-reeves-

Re: Payroll startup Gusto raises $200M

#48
post #18

It seems like a good product, though I always get very uneasy by companies that have extreme company cultures. If you work there, you can’t wear shoes in the office (to give the feeling of being at home?) and apparently you need to change your LinkedIn headline to say you “Empower” X or Y. I feel like every blog post I’ve ever seen from this company is about their “mission-driven culture.” Can we go back to a time wh…

This is exactly my feeling. Gusto just comes across as a nauseatingly virtue-signaling company (another is Lyft which I found out when I interviewed with them). I read an interview somewhere by Joshua Reeves, and he seemed to answer every question like he was Tony Robbins or some top-level guru. Dude, I don't want your life advice, tell me how to run a profitable company. Silicon Valley tech is overtaken by this need…

>That's one big reason I wanna leave this place and work for a more blue-collar tech place

I'm guessing you'll quickly find that a "blue-collar tech place" isn't quite the panacea you expect. There's a reason no one in Silicon Valley pines for traditional corporate culture. Because it sucks really bad. Putting up with some faux-wokeness is a small price to pay to get away from it.

Re: Payroll startup Gusto raises $200M

#49
post #29
post #17

Earlier quoted context omitted.

I heard many good things about bench.co.

I'm actually a customer of Bench.co, but I've been somewhat frustrated and thinking about leaving. First, they are very slow-- the books for a given month are usually finalized at least a month later (so your May books won't be fully ready until July, sometimes even later). By the time they are ready, the information is "old news" and not useful for decision making. I end up running queries against my Stripe data to…

I echo most of your frustrations with Bench. I've had more luck with Wave and their tooling is more interesting IMO. But their non-bookkeeping offer is piss poor.

Re: Payroll startup Gusto raises $200M

#50
I'm really happy for them.

I used to like Gusto a lot. It worked fairly well when we were a few people, but as we grew, things started breaking, especially as our setup started becoming more and more complicated. For instance, we have offices in 5 states and two countries. Gusto doesn't support outside of US folks, so we had to maintain two systems.

One of the most frustrating things was the 2 day payroll. They turned it on for us, and the capped it at something like $60k even when we have millions of dollars in the bank account they have direct access to. Every two weeks, when the payroll supposed to be run, we had to contact support to request and exception which required a screenshot of our bank account balance. EVERY TWO WEEKS.

There is a lot of small things like this that forced us to talk to their support almost on daily basis. In some cases we waited for an answer for months.

As such, we recently switched to Rippling and are very happy with the decision. I'm glad that Gusto is working for so many people. I really enjoyed it while it did work for us.

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