To make matters worse, the founder and CEO of New York City-based mortgage lender Better.com also called those employees "unproductive" thieves of company time. Public criticism of Garg went viral, and his board ordered him to take a month-long break from his role. Garg has since apologized, returned as CEO and fired thousands more employees. Here, Garg analyzes his errors.
In 2020, we grew 900 percent and made $500 million in cash profit. Low interest rates led to a surge of mortgage refinancings, and Covid meant customers didn't want to go to a physical location to get a loan, so they were all coming to us.
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Denne historien er fra May - June 2023-utgaven av Inc..
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
A Bankable Pet Project - How Moonshots Capital helped eTailPet scale up and attract a buyer in just three years.
Berenice Giannini's startup, eTailPet, wasn't a natural fit for Moonshots Capital. The Austin-based venture firm, launched in 2014 by Kelly Perdew and Craig Cummings, both of whom had previously served in the U.S. Army, frequently backs companies founded by military veterans.
Backers Should Have Your Back - The best capital provider for your business will offer a helping hand, not just deep pockets.
Three years ago, U.S. entrepreneurs were enjoying one of the best funding environments in decades. Venture capital and private equity hit all-time highs as banks loaned at historically low interest rates. All you needed to get a term sheet, it seemed, was a smile and a pitch deck.
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A Scientific Discovery that Unlocks Your Body's Healing Power
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Transformative Growth: Agency Masters the Art of Evolution
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For the Love of the Restaurant Experience
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Custom PEO Solutions for Blue-Collar Industries
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Homebuying Was BrokenMeet the Founders Here to Fix It
Cecilian Partners is a fast-growing technology firm providing end-to-end solutions for production homebuilders and land developers.
A Focus on Complete Solutions for Regulatory Environments
The Northcross Group develops sustainable processes for clients with compliance needs.
