Home » Business » 4 portfolio companies backed by Two Sigma Ventures laid out the perks they're offering remote employees, like VR headsets and $10,000 budgets for tricking out their home offices
4 portfolio companies backed by Two Sigma Ventures laid out the perks they're offering remote employees, like VR headsets and $10,000 budgets for tricking out their home offices
Two Sigma Ventures is the venture capital arm of the financial firm Two Sigma.
TSV is helping some of its portfolio companies make a permanent pivot to virtual work.
Insider took a look at how four of TSV’s portfolio companies are planning to make the shift.
See more stories on Insider’s business page.
Depending on whom you talk to on Wall Street, the future of the office can be a very different picture.
Some companies have been sticklers about getting people back to work, while others are adopting a more flexible approach.
Two Sigma Ventures, the venture arm of the financial firm Two Sigma, is helping some of its 60 portfolio companies make the long-term pivot to going remote, and staying that way.
The push for remote work comes as Two Sigma Investments, of which the TSV is a part, is making changes of its own. Two Sigma Investments’ chief technology officer Jeff Wecker said in March that the company’s staffers should anticipate a hybrid model permitting them to work remotely two days per week, Bloomberg reported last month.
As companies in TSV’s portfolio adjust, execs are reexamining how they lead and taking a closer look at perks and benefits they can roll out to make the transition to permanent WFH better.
“Every single one of us who is now managing teams virtually are starting to have to think about, ‘How will I change the way I’ve managed my team now that I’m not face-to-face with them all the time?'” Lindsey Gray, a Two Sigma Ventures partner, told Insider in an interview.
Gray joined TSV in 2016 and leads TSV’s day-to-day operations and support for its portfolio.
“We run a regular peer group for heads of people,” Gray said. “Because we sort of sit at the nexus of 60+ companies, we’re well positioned to see best practices, especially in these things that are evolving and connect dots.”
Gray also addressed the impact that WFH could have on some portco’s bottom lines. She said that companies would naturally reassess their real-estate needs, but that hasn’t had an impact, so far, on how TSV assesses its short- and long-term investments.
“If anything, it has reduced people’s expenses and extended their runway, which is great,” Gray said of the benefits of a distributed workforce. “It just means they gave more capital to work with or longer time before they have to go back to the market to fundraise.”
Insider spoke to the CEOs of four companies in TSV’s portfolio to understand how they see the future of remote work, and learn what they’re doing to create a collaborative spirit, even if employees plan to WFH for good.
Here’s what four portfolio companies are doing as they fully adopt remote work:
Enigma is bringing remote employees together with pop-up ‘Enigma Haus’ rentals in cities across the country.