Zynga CEO Mark Pincus may be drinking too much of his own Kool-Aid. Concerns that the company may face a brain drain in the wake of its IPO doesn’t bother Pincus, because he claims that the employees have “a real love for Zynga and real pride”. According to him, a mandated media silence is the reason there hasn’t been much positive buzz about the company from employees.
Now that the IPO is done with, Pincus believes that employees will find that the 60% yearly promotion rate and the “mobility” of the corporate structure is enough incentive to remain with Zynga. In addition, he maintains that most employees “believe in the direction the company is going.” Clearly, people with stock will want the company to go public, but past money is not a good incentive for current loyalty. This is the San Francisco Bay Area’s competitive tech climate, after all, where staying two or three years at one company for young, start-up savvy folks is considered a long haul.
The browser-based gaming startup IPO’d on Friday and is currently trading below its $10 initial stock price.