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Elevate Your Startup’s Future with 4 Financial Forecasting Game-Changers

Entrepreneurs' Organization

For instance, if the forecast indicates a rapid growth trajectory, a startup can confidently invest in hiring or research and development, knowing that the resources will be available. For example, startups with well-prepared forecasts are better equipped to manage through challenging economic environments.

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

TechCrunch

. “The rising demand in 2020’s housing market within the mortgage space meant businesses needed more flexible solutions that could scale quickly and help improve verification efficiency,” Sandler wrote in a blog post. And the current economic environment, it seems, is playing more than a bit-part in this trend.

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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. Our team worked tirelessly to expand and cover a large surface area,” the co-founders wrote in a blog post addressing the latest layoff. However, this broad focus also caused substantial tensions.

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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.