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Dan Teran shares Gutter Capital’s challenge of closing its first fund

TechCrunch

He sold that business to WeWork in 2019 for $220 million and joined the company to lead global corporate development and ventures following the acquisition. We’ve covered the dry powder that venture capital firms are sitting on and also how difficult it is to raise funding in this economic environment. and Ribbon Homes.

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Truework, which helps lenders verify borrowers’ income and employment, raises $50M

TechCrunch

Founded in 2017, San Francisco-based Truework integrates with payroll providers including Gusto, Zenefits and BambooHR, and enables mortgage providers and lenders (e.g. And the current economic environment, it seems, is playing more than a bit-part in this trend.

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Even well-funded fintech companies are laying off workers

TechCrunch

Schulman added: “Over the past year, we made significant progress in strengthening and reshaping our company to address the challenging macro-economic environment…While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do.

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