6 Oct 2017
LeapFrog Response
8yI’d like to address some of the points that have been raised. As a high growth company, we are actively taking the steps to ensure we build a culture that continues to attract the best people to LeapFrog, and keep them. Our recently introduced annual employee survey and 360 review process provides channels to ensure everyone is heard and the feedback, both positive and negative is acted on. On the question as to why there aren’t more senior women at the Firm, it’s simply because there is no silver bullet. We’ve made recruitment of women in general, as well as senior women a priority for the Firm for some time now. In fact we are very proud to say that we are trending well above the industry average with junior to mid-level females at 47.8% e (against “WEF - Women in PE 2015” of 13% ) and senior level at 25.9% (against “Prequin Women in PE 2016” of around 10%). We know we have further to go on this, and it remains core to our recruitment strategy. Regarding your observations on job postings, you are correct and our strategy is deliberate. We are aiming to make sure people coming in have an accurate view of what their role will entail. We have a saying at LeapFrog, “everyone gets coffee”…and sometimes everyone photocopies too! We aren’t a multi-tiered investment house, and we’d rather work towards meritocracy which benefits everyone, not just the senior folks. Regarding the impact of our work, I think our consumers tell it better than I ever could http://www.leapfroginvest.com/videos/leapfrog-10-years-100-million-people-reached/ . Finally, if you’ve worked here, you’ll know our communications team covers PR, support for IR, marketing, internal coms, support for portfolio companies, etc. So it’s a very small team that does big work. Importantly, this is a small team that is big on integrity and simply has never posted a false review on Glassdoor. - Head of People
