Skip Navigation
Bench shuts down, leaving thousands of businesses without access to accounting and tax docs | TechCrunch
  • From Twitter:

    1/8 I’m very sad today to see that @Bench has shut down.

    I’ve avoided speaking publicly about Bench since just over 3 years ago when I was fired from the company I co-founded. I still don’t have a lot of appetite to talk about it tbh, but think at least a short statement is appropriate. 2/8 In November 2021 I went out for what I thought would be a regular lunch with one of my board members. We had just raised a Series C and turned down a highly lucrative acquisition offer. We had budding partnerships with companies like Shopify that were interested in the technology we were developing. We were winning. @Bench 3/8 The board member thanked me for bringing the company to this point, but that they would be hiring a new professional CEO to “take the company to the next level.” @Bench 4/8 I had been battling with some of the board members over strategy. They wanted me to take the company in a new direction that I thought was a very bad idea. I wanted to continue with what was working and with what our partners had signed on to distribute. I was intransigent. 5/8 Rather than continuing to fight with me, they opted just to just replace me, thinking that they could run the company better themselves. I was totally convinced that their approach would destroy the company. I opted to resign rather than fight. Because on the off-chance that I was wrong, I wanted to give them the best chances of succeeding. 6/8 I reasoned that if they were right and I’m just a wrong-headed founder who won’t listen, then I should just fully get out of the way so they can see their vision through. And on a personal level, I just didn’t think I could stand to watch them dismantle the company I had spent a decade building. @Bench 7/8 So I moved on. I started off fresh and built a new company (Teal). Earlier this year we successfully exited to Mercury. Things are going well and I’m excited for what we’re up to. @Bench 8/8 I hope the story of Bench goes on to become a warning for VCs that think they can “upgrade” a company by replacing the founder. It never works.

  • Raspberry Pi 5: available now!
  • Could you suggest a couple SBC alternatives that I can look at? Currently using some Pi3s and Pi4s for some projects and interested in what I could switch to. I'm not using the GPIO or Pi camera, I am using USB, Ethernet, Wi-Fi, and like the size, price, low power draw, and debian support on the Pi.

  • What are y'all anticipating in the chat tomorrow?
  • I enjoyed the game when it came out and was hoping to play S1, but after the patch we tried to play for a few hours and it was just kinda bad, so we decided to take a week or two off and wait for 1.1.1 to see if it is more fun. I'm hoping it is!

  • InitialsDiceBearhttps://github.com/dicebear/dicebearhttps://creativecommons.org/publicdomain/zero/1.0/„Initials” (https://github.com/dicebear/dicebear) by „DiceBear”, licensed under „CC0 1.0” (https://creativecommons.org/publicdomain/zero/1.0/)ZI
    zinge @lemmy.world
    Posts 0
    Comments 8