The start-up ethos has long been that anyone with a good idea, a pitch deck, and the willingness to shut themselves in a room with a computer for 15 hours a day could bring in a bundle of checks from prominent venture-capital funds chomping at the bit to get in on the next unicorn. It is no wonder, then, that December data from Ernst & Young shows that tech start-ups are now avoiding going public all together, likely fearing that same fate.SACRAMENTO (CBS13) — Business is booming behind closed doors in the Sacramento area as new websites make it easier to shop for sex.
Conrad was replaced by David Sacks, who promptly acted to clean up the compliance mess and proceeded to ban alcohol from the office.
But as funding dries up and valuations plunge, the party appears to be coming to an end. O., Parker Conrad, publicly resigned amid concerns over the company’s regulatory compliance and its frat-like culture.
Zenefits, the high-flying human-resources start-up once valued at .5 billion, is feeling the hangover set it. Last week, the California Department of Insurance announced it was investigating the start-up.
Apparently this distinction was a hard one for Zenefits employees to draw. Please respect building and company policy and use common sense.”It is clear that Zenefits is trying to sweep the red plastic cups and empty beer bottles now plaguing its image.
On Monday, the got its hands on another staff memo, in which the company’s director of workplace services told staff members they were going to be shut out of their building’s stairwells, which were being used as makeshift love nests.“It has been brought to our attention by building management and Security that the stairwells are being used inappropriately. But the good times seem to be over more broadly across Silicon Valley.