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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 economicenvironment. and Ribbon Homes.
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 economicenvironment, it seems, is playing more than a bit-part in this trend.
Schulman added: “Over the past year, we made significant progress in strengthening and reshaping our company to address the challenging macro-economicenvironment…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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