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

TechCrunch

While a large part of the Trueworks platform is about supporting so-called “instant verifications,” sometimes it’s not always possible to do so, depending on the individual’s personal employment history and status, meaning that a lender has to revert to collecting paper payslips and documents.

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Decoding and learning from a business failure

Berkonomics

The economic environment changing downward. Add the economic environment to the mix of reasons for failure, including jolts such as the Great Recession of 2007-8 or COVID’s devastation to travel, retail and other personal experience-based businesses. Any business can use more money. Including cash.

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Contract lifecycle management vendor Icertis secures $150M in debt to stave off rivals

TechCrunch

By going the debt route, Icertis avoids having to answer the tricky question of valuation in an especially challenging economic environment. “Contracts are an invaluable source of original data — documenting and governing the entitlements and obligations between a company and its suppliers, customers and employees.

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

TechCrunch

Sources say a term sheet — a document — was put on the table. It’s not unheard of to see firms yank term sheet offers after committing due diligence or in response to a worsening economic environment, despite the fact that it can ruin a round.

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The First Generation of the Talent Software Wars

Tomasz Tunguz

SuccessFactor’s average customer value (ACV) was less than half of Taleo’s according to each company’s S-1 document, the filings related to an IPO. Both companies demonstrated very volatile sales efficiencies, which are probably more influenced by the macro economic environment than the performance of the sales teams.

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Insights: COVID-19 Alert Level 3 FAQs

NZ Entrepreneur

Do you have a document I can pass on to my staff around what level 3 looks like, what health and safety steps the business needs to take, and what guidelines employees have to adhere to? staying 2 metres apart and following appropriate hygiene measures). Get more details at the government COVID-19 website.

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Report: Klaviyo to IPO later this year

TechCrunch

But in today’s economic environment, investors are not looking at growth at all costs as they were in 2021. Turo, a peer-to-peer car rental service, has kept its public offering documentation warm as TechCrunch recently reported. Its most recent fundraise was in May 2021 when it raised $320 million on an eye-popping $9.5