Bookkeeping startup Bench, which raised $100M+ including from Shopify, closes down effective immediately; several employees say Bench also laid off staff
it's reputation-ending Leadership means accountability Rohit Mittal / @rohitdotmittal : Does anyone know how to go about buying Bench's assets? I'm sure investors have counsel to sell the assets and g...
Documents and sources undermine Flexport founder Ryan Petersen's claims that CEO Dave Clark overspent, overhired, and overpromised before being forced to resign
Peterson decides to return as CEO, unceremoniously ousts Clark, rescinds offers to a bunch of new hires then blames Clark for overhiring. … Jenn Schiffer / @jenn@pixel.kitchen : a real “read all the w...
California regulators close SVB and name the FDIC as the receiver to protect insured deposits; SVB ended 2022 with ~$209B in assets and $175.4B in deposits
banks, lawyers, etc — and it's a minor but not insignificant screening mechanism. https://twitter.com/... Jason Zweig / @jasonzweigwsj : If you want to create a perverse incentive for banks to become ...
Interviews with tech leaders on Tony Hsieh's legacy, his student life at Harvard, his unconventional business approach, and the culture he built at Zappos
I heard the news about Tony Hsieh last night by text message. Tweets: Governor Sisolak / @govsisolak : Tony Hsieh played a pivotal role in helping transform Downtown Las Vegas. Kathy and I send our lo...
Profile of Dean Stoecker, CEO and co-founder of data analytics company Alteryx, which went public in 2017 and generated $28M in profit on $254M revenue in 2018
Sun Tzu meets software in mid-August at downtown Denver's Crawford Hotel. The floors are terrazzo. The chandeliers are accented with gold. Tweets: @asanwal and @forbes Tweets: Anand Sanwal / @asanwa...
Profile of Joe Liemandt, founder of software company Trilogy and PE firm ESW Capital, which buys US software firms and replaces staff with cheap overseas talent
rom an office suite on the 26th floor of the iconic Frost Bank Tower in Austin, Texas, a little-known recruiting firm called Crossover … Tweets: @asanwal , @asanwal , @nathanvardi , @nathanvardi , @na...
SEC filing: Microsoft now includes LinkedIn performance metrics, like the number of active users, in calculating stock awards to four top execs, including CEO
- Microsoft paid $27 billion for LinkedIn in 2016 and is now tying its performance to executive pay. Tweets: @stevesi , @asanwal , @evanish , and @jordannovet Tweets: Steven Sinofsky / @stevesi : // t...
Uber to be indefinitely governed by committee consisting of 14 executives who previously reported directly to Kalanick
here they are Chris Matyszczyk / CNET : Uber now being run by 14-person committee, report says Tweets: Ellen K. Pao / @ekp : 14 people running the company by committee, but not the chief D&I officer w...
Uber hires veteran NASA engineer Mark Moore as director of engineering for aviation as part of its Uber Elevate flying car initiative
here are 5 others Bryan Clark / The Next Web : Uber snags NASA engineer to explore the feasibility of flying taxis Shawn Knight / TechSpot : Uber hires 30-year NASA veteran to lead Elevate, its flying...
Tech VCs, to their own detriment, are increasingly investing in businesses that aren't software-driven
One sign that technology markets often exhibit at the tail end of a cycle is a fast diversification of the types of startups getting funded. For example, following the core internet boom … Tweets: @e...