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On Deck tried to do it all. Now, it’s trying to do less, better

TechCrunch

Torenberg, an early Product Hunt employee and the founder of investment firm Village Global, assumed the role only a year ago. It resembles a classic accelerator, but perhaps one step earlier than a Y Combinator. Tiger’s investment was designed to give it a clearer view of the pre-seed and seed world.

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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.