2024-12-28
Bench Accounting. 500 employees, Series C, $109M in VC funding, 14 year-old company. NONE OF THAT MATTERS. Company just shut down, because VCs were propping them up and they weren't profitable. If raising X00 Million in VC funding is in your criteria when evaluating vendors,
The Information
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 s...