Exclusive: Inside the wild fall and last-minute revival of Bench, the VC-backed accounting startup that imploded over the holidays
Briefly

from TechCrunch1 month ago
"I was not aware of that," Justin Metros, co-founder of Radiator, said. "I've never seen anyone just shut down like that. That's crazy."
TechCrunchhttps://techcrunch.com/2025/01/03/inside-the-wild-fall-and-last-minute-revival-of-bench-the-vc-backed-accounting-startup-that-imploded-over-the-holidays/
Despite claiming more than 12,000 customers and portraying itself as a tech-forward bookkeeping and tax startup, Bench faced significant struggles in executing its automation efforts.
TechCrunchhttps://techcrunch.com/2025/01/03/inside-the-wild-fall-and-last-minute-revival-of-bench-the-vc-backed-accounting-startup-that-imploded-over-the-holidays/
Former staff indicated that the push to embrace AI and automation tools resulted in ineffective solutions, leading to delays and a loss of customer trust.
TechCrunchhttps://techcrunch.com/2025/01/03/inside-the-wild-fall-and-last-minute-revival-of-bench-the-vc-backed-accounting-startup-that-imploded-over-the-holidays/
The sudden nature of the shutdown left not only customers but also employees blindsided, with reports of layoffs occurring immediately and without notice.
TechCrunchhttps://techcrunch.com/2025/01/03/inside-the-wild-fall-and-last-minute-revival-of-bench-the-vc-backed-accounting-startup-that-imploded-over-the-holidays/
Read at TechCrunch
#business-shutdown #accounting-services #small-business #ai-and-automation #employee-layoffs
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