The leadership at Lukka is driven by ego, not competence. The chief officers believe they are effective, despite a clear track record of failure, both in managing their teams and delivering successful products. Not one of them has real startup experience, so they do whatever they did at their last company. One must understand that they are smart, but they are not leaders. They work in their little box and have no understanding of what it takes to scale a startup or take care of its employees. The reason for this is simple: they all come from large financial institutions where there were rules to follow. They learned to work within the confines of these rules. Without rules, they flounder and fail because they simply don’t have the skills to work without them and be effective. They excel at sales and handshaking but have failed everyone who has ever reported to them.
As echoed in countless reviews, they don’t understand roadmaps, strategy, or effective communication. Their approach to product development is reckless: they launch initiatives with no plan, no follow-through, and no real direction. Meanwhile, they continue to collect their paychecks while pretending to be leaders.
Recently, Lukka laid off a significant portion of its original employees, and those who remain are jumping ship, recognizing that the company is sinking. Leadership stays put for one reason: they know they will never hold roles like these anywhere else. And that’s for the best—because they have run this company into the ground through sheer arrogance and incompetence.
