As someone who was affected by this, I opted to go ahead and try and get my money's worth (although I have another service doing this in parallel). Also they were supposed to file an S Corp election for me, so hopefully I'll be able to find out the latest status of that. This whole thing is such a mess.
Bench to be acquired after abruptly shutting down
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Re: Bench to be acquired after abruptly shutting down
#32As someone who was affected by this, I opted to go ahead and try and get my money's worth (although I have another service doing this in parallel). Also they were supposed to file an S Corp election for me, so hopefully I'll be able to find out the latest status of that. This whole thing is such a mess.
Re: Bench to be acquired after abruptly shutting down
#33lol, well, the companies who have already started a migration away from Bench are probably not going to stop their migration. Ouch.
Re: Bench to be acquired after abruptly shutting down
#34[flagged]
Re: Bench to be acquired after abruptly shutting down
#35Would you trust Employer when their "About" page looks like this? https://www.employer.com/about "Our Story There are many variations of passages of available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even..."
Probably not finished but acquired Bench anyways.
Re: Bench to be acquired after abruptly shutting down
#36Earlier quoted context omitted.
NDR (Net Dollar Retention) in a business like this is the key metric for determining whether there's a business or customer base worth acquiring here. With Bench's rumored churn in recent years, their existing investors which includes top funds like Bain and reputable ones like Inovia (which is top Canada) would've had the opportunity to invest first. Clearly they didn't. With a rumored 2024 revenue of $54.9m in 2024…
I was commenting on how acquisitions happen, not asking to be spammed by an accounting company masquerading as a relevant comment. I'd suggest deleting it and not continuing this strategy, as I suspect I'm not the only HN reader who will react to your comment by making a mental note that 'Digits' is a company with annoying marketing.
Re: Bench to be acquired after abruptly shutting down
#37Would you trust Employer when their "About" page looks like this? https://www.employer.com/about "Our Story There are many variations of passages of available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even..."
Re: Bench to be acquired after abruptly shutting down
#38Would you trust Employer when their "About" page looks like this? https://www.employer.com/about "Our Story There are many variations of passages of available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even..."
Re: Bench to be acquired after abruptly shutting down
#39Would you trust Employer when their "About" page looks like this? https://www.employer.com/about "Our Story There are many variations of passages of available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even..."
According to the founder, he just bought the domain a month ago: https://x.com/JesseTinsley/status/1861243509006848065 Probably not finished but acquired Bench anyways.
Re: Bench to be acquired after abruptly shutting down
#40Earlier quoted context omitted.
According to the founder, he just bought the domain a month ago: https://x.com/JesseTinsley/status/1861243509006848065 Probably not finished but acquired Bench anyways.
Amazing how this company that barely existed 5 minutes ago is already trusted by Google, Chipotle, Robinhood, HubSpot, X, Chime and Anthropic per their landing page. I wonder if that's also news to those companies.