Layoffs At Visitor Management Startup Envoy

Published May 31, 2023 13:25 PM

While just a year ago, Envoy raised $111 million, touting they "can't stop, won't stop", the startup has now conducted significant layoffs.

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In this note, we examine the growth and challenges of Silicon Valley's most aggressive visitor management entrant.

For background, see Visitor Management System Suppliers Guide.

20% ********* ********

******** ***** * *********** **** ** Envoy ********* ***** **** ****:

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***** *** *********, *** **** *********** drop *** ** ***** [-**%], ******** by *********[-**%], ** *** **** * months:

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*** ***** ****** ******** **** ** her ******** **** **** *** *** impacted ** *** **% ****** ** Envoy ** *** ***** ** ****:

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** ** ********* **** *********, ***** CEO ***** *********** *** ****** ******* ********* ** just ~***, ***** **** **** ******** shows, ****** ******* ***** ** ********* a ***** ** ****** ******** ***** jobs **** **** ***. *** ***** expanded:

** **** ***** *** ********* ***, and **’** *** ****** **** *******. It ****** **** ** *********.Companies *** ******* *** *** ******* ******* **** ******* *** *******, which affects us.

**** ** *** ****** ******* *** Envoy ** *** **** * *****, with*** ******* ***** *********** ******* ****** COVID. *******, *** ******* ************ ****** as ****** ******* ** ******. *** of *****'* ********** ****** ***** ****** over ********* **** *** ** ***** tech *********:

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***** ****** *****, ***** *** ******* staff ******. *** ******* *** *** release *** ****** ********* ** **** matter. ** **** **** ** *** no ******* ******** ** *** ********:

** **** ******* **** ** *** at **** ****.

"Impacted ** ***** *******"

**** ***** ** ***** ****** ***** on ******** ** ****** ***** ********* who **** ******** ******* **** **** or **** **** ****. **** ** them ****** ** **********, *****, *********, and ******** *********:

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Envoy **********

***** *** ******* ** **** ******* *****, *** ***** * ******** *********** bachelor's ****** **** ******** ********** *** held *********** **** ** ******* *** Twitter. ***** ** ************* ** *** Francisco, **********.

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**** ******** ** ******* ** ****, Envoy****** * $*** ******* ****** * fundraising *** *** $*.* ******* ***** while ********* **** ** "***'* ****, won't ****."*** ******* **** *** ******* *** help ** "******** ***** *** ******* community ** *** *********."

*** ********** *** *** ************ ******, ******** ** *** ********* ********* BAM *******, ***** ***** ***, *********** Capital, **** ***, *** ******** ********* including ***** ********, ********** ********, *********** Capital, *** ********.

****** ****, ***** ****** ***$** ******* ****** * ******* ** 2018,$** ******* ****** * ******* ** 2015, ***$*.* ******* **** ***** ** ****.

*****'* **** ***** ********** *** **** a ***** ** ********** ********* ************** *** **** *'******,**** *** ****** **********,**** ******* **** *** ****** ***********,**** ******* **** *** **** ***,**** ****** *** ****** ****,****** **-******* *** ****** ********* ***** Alexis *******,******* *** ****** *****,******* *** *** **** **, ****** at **** ****** ******, *** ******.

***** *** ***** **** ** *** company's ****** * *********** ***** ******* that ******* ********** **** *** *****-** pandemic *** ****** *****, "****** ** Envoy *** ***** **** ********." ** was ********** ***** *****'* ****** ******* businesses *** "********** ***** ********* [** the ******]":

******* *** *** *********, ****** **********, mask ********, *********** *** ******* ************, “all ******,” *** “***** ***********,” *******, and ******** **** ***** *** *** downstream ******* **** ******** ** **, growth ** ***** *** ***** **** stronger.

**’* ******* ********** *** ********** ***** returning *** **** **** *** *** help **** *** *** ** ******* the *********. ***-********, *** ** *** top ******* *** ******* ** ***** around ** * ******* *** ******* they ***** *** ******. **’* **** harder ** *** ***, ***** *** minimal ****** ** ******* ****** *********** that’s ********* ******* ****** **** ***** remote.

Envoy *** ******** **-****** ****

*** ***** ********* *** ******* *** returning ** *** ****** ** *****'* Series * *********** ***** *******:

The ********* ********** ****** ****** ******** *** ******* **** ** ******* ******* ** **** ********** and their desires. It allows companies to unify folks under a common mission, vision, and culture. This not only leads to more engaged employees but much more effective companies. Hybrid or full-time, it doesn’t matter, companies will do whatever it takes to get people back and they need help. [emphasis added]

** *** ********* **** *********, *** Gadea ************ *** ***** ** ***** *** mostly **-****** ***** *** *** ****** works **** ********* ** **************:

** ** **** **** ***** ****** roles — ** **** ** ** practical. *** **** ** **** *** a *** **** ***** ****, **’* always ** **-****** ****. *** ******* is, ***** *** ****** ** *** world *** ****** ****** **** *** are *** **** **** ** **. Not ******** ** ******* ** ******* in ************ ***** ***** ***'* * clear ********* ** **************. **** ****** work ** ***** ***** ****** ************* and ***********. *** ****, **’* *** easy ** *** **********, ** *** confused, ** ** **** ********. **'* human ******.

Visitor ********** ****** **********

******* ********** ******* ******* ** **** off * *** ***** ***, ******* by ********* **** ********* *** *** challenges ** ******** ******** ****** *****-**.

******* **** ***** **** ********* ****** visitor *** ******** ******, **** *** conference **** ********, ******* ********, *** monitor ********* ******* ****.

Envoy's ******** ***** & *****

************* ********* ** **** **** *** countries, ***** ** *** **** ********* for ***** ** ******* ******* *** US, **** * ******** ****** ******* in *** ** *** ********** ****** focused ** ***** *******. ******** **** not **** *** ***** ********* ******* the ** ** *** **.

** ****,*** ******* **** **** **** **,*** companies *** *** ***************** **** ***** ************** ***. *** Lions **** ************* ****. *** ******* says ** ******** ****** **** **,*** ************ ** **** *****,*** ****** *********.

*****'******** ********** ***** ********* ******** *** *****, ************ ********** ********* ********* ****** **** *** *****, *** its*****-******** ********** ******* ** ******-******.

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Envoy's ********* ********

** ******** **** ***** ** ********* at ***** ** ** ** *********, with ********* ******* ** *** $** million ***** *** ******** *******. *** revenue ******** ** ***** ** **** claiming **,*** ********* ** ** ********* $200 *** ***** *** ******** **** some ****** ******* **** ***** ***** offerings. ********, ** ******** ******** ** $50 *******, ***** ***** ~*** ********* and ******** ***** **** ** $***,*** per ********.

** ********, ** *** **** **** of ***+ *********, ** ********* **** Envoy's **** **** ***** ** $**+ million ****.

Pessimistic ****

***** **** ***** **** ***** **** less **** * **** ***** ********* $100+ ******* ** *******, ** *** this ** * **** ** ********* and ******* ******* ******. **** ***** companies **** **** **** **** **** have **** ** ******* *** ** cash ** *** ***** **** *** with **** ****** *******, **** *** not * ***** **** *** *****.

**********

*****'* *** ************ ********* "*** ******* *** *** slowed **** ******* *** *******," ** remains ** ******** *** **** **** hurt *** ******* ********** ****** ******** in *******.

*** *** ******,*** ***** ********* ** ********** *** ********** ** ****** **********:

** ****** * ***** ***** *********** real-estate ********** ***’* ***** ******* ********* will ****** *** ******** ** *** exact ***** **** ****.

*** ***** ** ********** **** ***** with *** ******** *** *********:

**** **’** ******** ***** *** ** creating * ***** ***** ****** *** borrow ****** ***** **** *** ******* working ********. *****’* * *** ** long-term ****** ***** ****’* *****, *** CFOs *** *** *********** ** ****** some *****. ** **** ** ****** a *********** ***** *** *** ********* a **** ** **** ******* ***** and ****** *** ** ** *** minute. **** ** ****** **** ** will **** ***** **,*** ********* *********; we’ll ** *** *****’* ******* **-******* provider. ********* *** **** ***** *** it, *** ** **** *** * cut, ***. ** **** *** ********. In ***** ***** ** ****** **** a *********** ***** ** ****.

*******, *** ***** ***** ******* ** possible ********** **** ***** *******:

***** *** ********* *** ****** ************. There *** ***** *** ********** ********* **** *** **** *********** ** it’s ** ******** ******. *** ** someone ****** * *****, ***** ***** is **?

*** ***** *** *** ******* ******* this ** *****'* ******** ******** ** just * ******* ***** ** ******** in *** ******.

Comments (6)
JH
John Honovich
May 31, 2023
IPVM

*********, **** *********! * ** ******* what **** ********* *** *** ******* management ******* ** *******. ***** ** fascinating ** **** **** *** * pure **** ******* ******* ** **** space ***** **** **** ******* ********* that ***** **** ** **** ** an ***-**-*** ********. * ** *******, and * ***'* **** *** ****, how **** **** **** ***? *** example, **** ***** **** **** ******** from ********* ***** ******* ******* ********** along **** **** ***** ************ (*.*., access, *****, ***.) ** **** ***** be **** ** ************* ****** ** best-in-class **** ********?

(2)
(3)
Avatar
Anthony Jones
May 31, 2023

* ******** *** * ******* ************ about * ********** *******. * ***** their ********* ** ********** ***** *** integrations. * ***** **** **** ** figure *** **** **** **** ** be **** **** **** **, ** access ******* *******, ***** ** **** they ***** **** ***, ** * provider ** *********** ** *** ****** control *******. **** ***** ******** ***** sales **** ************ *** ***** ** all *** ****** ******* ************ ***** sheet. * **** ***** ***** **** of ************ ** * ********* ** them ******* ***.

* **** ** ********* **** ******* who **** **** * ******** ** the ******* *** * ***** **** are ******* **. ******* ****** ******** plugins *** *** ****** ******** *** in ** ******* **** ** * good ******** *****. * ***** *** to ****** *** ***** **** *** who ******* *** ***** **** ** one ** *** ******** **** * hear **** ********** ************. * **** think ****** * ******** ****** ******, possibly **** ***** ****, *** * visitor ********** ****** **** ***** **** is *** ********* *** * **** sell.

(2)
UI
Undisclosed Integrator #1
May 31, 2023

***** *** * ****** ** ***** that **** ** *******... **** ******* when *** *** ***** ** **** word *********'* ********** *** *** *********** fix **** *****:

Envoy's ********* ********

** ******** **** ***** ** *********

Pessimistic ****

***** **** ***** **** ***** ****

(1)
(1)
UE
Undisclosed End User #2
May 31, 2023

** *** ***** *** ** ** much **** ****** **** *** ***** Onguard ******* ** *** ***-********* ******* we **** *****. *** **** ***** I **** ** **** **** ******** into * ***** ***** ** ***** for ******** *** ****** **** ***** hit, ** *** ********* (****) ** the **** ******* ********** *****.

* ***** **** ******* ** *** wrong ******, *** ***** ****** ** be ********** *** ********* **** **** out *** ****.

(4)
Avatar
Rick Caruthers
Jun 05, 2023
Galaxy Control Systems

** *** ****** ****** **** ****** sales ** ******* ********** **** *** one ** *** ********** ******** ******* (*****://***.*******.***/)

***** *** **** **-******* *** ***** to ***** *********** *** ** ***** team ******* ****** ******** *** ****** through *** ****** *******. ** **** also ***** **** ** *** ******** market ** ******* **** ******** ** we **** ******** ** ********* *********, School *******, ****** *** * ************ baseball ******* ********.

UI
Undisclosed Integrator #3
Jun 07, 2023

🤷‍♂️**** *** ** ***** **** ***** doesn’t **** ** *****.