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

TechCrunch

The company has raised tens of millions in venture capital from investors, including Founders Fund, Village Global and Tiger Global. It resembles a classic accelerator, but perhaps one step earlier than a Y Combinator. On Deck Scale is for founders of high-growth, venture-scale companies and costs $10,000 per year.

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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.