Team Feedback Matters Now More Than Ever: Why We Funded Grow

From corporate offices to warehouses, the way many of us work has changed more in the first three months of 2020 than in the previous 30 years. That’s why Dorm Room Fund is excited to announce our investment in Grow, a platform that empowers teams to give, request, and track high-quality feedback to achieve more no matter where they’re sitting.

Feedback is broken

After meeting at Cornell Tech, founders Ryan Sydnor and Richard Hill realized how much of their personal growth and professional success had been driven by peers, mentors, and managers who prioritized sharing constructive feedback.

But after hearing others’ experiences, they realized that skills to share effective feedback are far from universal. According to Gallup, only 19% of millennial professionals say they receive regular feedback at work, with fewer than 17% reporting that the feedback they do receive is meaningful. Even employees who do get consistent feedback often lack good ways to capture, track, and share the guidance they’ve received to improve over time.

Across organizations and industries, it’s clear that corporate feedback culture is broken. That’s where Grow comes in...

Want to read the rest? Check out the full-length article on our blog.

Written by Cindy Zhang, Dorm Room Fund Partner (NYC). Follow her on Medium. Photo by Markus Spiske on Unsplash.

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