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2023 Trend Report title

Top Trends from Will Reed’s Early-Stage Workplace Culture Champions

Will Reed has evaluated the best workplace cultures in early-stage tech and compiled overarching trends in order to provide a glimpse of what the future of positive workplace culture could look like.

Series A
Growth Stage

66%

Series A

Seed

34%
Seed

Total Funding Amount

27.5M

$

Avg Series A Raise

$

9.6M

Avg Seed Raise

Industry Breakout
Companies Founded by Year
Companies Founded by year
Workforce
Workforce

Employees

Average Series A Full-time employees: 52
Average Seed Full-time employees: 23

HQ Locations
HQ locations

Belmont, California (1) El Segundo, California (1) Fremont, California (1) Los Altos, California (1) Los Angeles, California (1) Menlo Park, California (3) Mountain View, California (3) Palo Alto, California (1) San Diego, California (2) San Francisco, California (29) San Jose, California (3) Santa Clara, California (1) Venice, California (1) Denver, Colorado (2) Longmont, Colorado (1) Coastal Highway, Sussex, Delaware (1) Miami, Florida (1) Atlanta, Georgia (1) Chicago, Illinois (2) Washington D.C. - Baltimore Area, Maryland (2) Boston, Massachusetts (6) Ann Arbor, Michigan (1) Minneapolis, Minnesota (1) Minnetonka, Minnesota (1) Albany, New York (1) New York, New York (14) Cary, North Carolina (1) Raleigh, North Carolina (1) Austin, Texas (4) Dallas, Texas (2) Houston, Texas (1) Plano, Texas (1) Lindon, Utah (1) Seattle, Washington (4) Kirkland, Washington (1) Fully-Remote (2)

Slack Details

Offsite Inspiration

Prioritizing Face Time
Subsidizing Travel to Regional Hubs
Inviting Plus Ones
Volunteering Together
Team bonding activities
Giving out awards
Celebrating new hires
Sharing life stories
Traveling to exciting destinations
Did you know?
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Working at a Top 100 company feels different because of the values they choose to champion.
Top 100 companies values
Trust, Transparency & Autonomy
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How are Top 100 companies giving back to their communities?
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Where are these companies getting their compensation data?
pave
carta
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Sought-after role
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Women in leadership
Early-stage companies are prioritizing adding women to their leadership teams.
By and large, 360 reviews and regular 1:1s are commonly acknowledged as performance management best practices.
Lattice performance management software
Lattice was the most frequently referenced performance management software.
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How are early-stage companies addressing burnout epidemic?

Building cultures of high trust paired while providing clarity around cultural norms, evidenced by performance management frameworks and communication SLAs.
Flexible summers
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Winter shutdown
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Minimum PTO
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Async days
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Stories that mades us smile
Pixmoving
Shipium
Superdao
Dazz
Abode
Sonar

What’s Next?

If you want to see how Seed and Series A companies have evolved over the years, check out our previous 2021 & 2022 winners for a glimpse into the past. To stay up to date with future forecasting, follow our blog.