News for hackers. Stuff that matters.

A comment on (FinTech) Synapse has collapsed, 10M consumers, 100s of fintechs in trouble.

Re:(FinTech) Synapse has collapsed, 10M consumers, 100s of f... by throwaway211 on Sunday May 26, 2024 @02:39AM (#40480174)
That a16z cannot coach, nurture and support one of their startups that has customers, and who has direct access to customers' own bank accounts, seems troubling.
[ Parent | on HN ]
Re:(FinTech) Synapse has collapsed, 10M consumers, 100s of f... by alephnerd on Sunday May 26, 2024 @04:23AM (#40480521)
Series B is a different from the nurturing and mentorship standpoint.

At that point a company (which is what a startup is) is expected to be able to run, but needs some additional capital to expand and execute on the strategy they were testing in Angel, Seed, and Series A.

[ Parent | on HN ]