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“With mortgage rates at all-time highs, our mission is more critical than ever,” Adena Hefets, the chief executive and a founder of Divvy, said in a statement. The higher payments have become a struggle for some customers, especially because of rapid inflation. The company, which charges a 5 percent fee for late payments, said it evicted only as a last resort. This spring, Divvy said, it put in place a new system to prioritize maintenance requests, including a 24-hour hotline for customers. They said they had been referred to Divvy by a real estate broker who worked closely with the company.
Persons: Hefets, Divvy, , Divvy’s Organizations: Private, U.S . Locations: Atlanta, Georgia, U.S, U.S . Virgin Islands
The idea of Silicon Valley "mafias" first emerged with the Oracle, Facebook, and PayPal mafias. Former Square staffers have gone on to launch startups worth nearly $40 billion cumulatively. Silicon Valley insiders have long been obsessed with the idea of startup "mafias." The "PayPal mafia" was perhaps the most infamous company that spawned the founders of tech giants like YouTube, Yelp, Tesla, and LinkedIn. Facebook and Oracle also have their own mafias of former employees that have produced iconic tech companies like Salesforce, Asana, and GoodRx.
Former Square staffers have gone on to launch startups worth nearly $40 billion cumulatively. Insider tracked 15 members of the "Square mafia" to see what they're up to these days. The "PayPal mafia" was perhaps the most infamous company that spawned the founders of tech giants like YouTube, Yelp, Tesla, and LinkedIn. Facebook and Oracle also have their own mafias of former employees that have produced iconic tech companies like Salesforce, Asana, and GoodRx. Insider tracked 15 ex-Square employees in their current ventures, ranging from launching multibillion-dollar public companies to running high-profile VC firms.
The broken promises of proptech
  + stars: | 2023-01-10 | by ( Alex Nicoll | Kelsey Neubauer | Jordan Pandy | ) www.businessinsider.com   time to read: +12 min
Proptech customers, employees, and investors said they went from delighted to disillusioned. Proptech investors eager to capture these trends pumped $32 billion into the industry in 2021. As markets deteriorated, disillusionment set in among proptech customers, investors, and employees. Some customers say they were disappointed buying homes via proptech startupsReal-estate startups like Divvy Homes and Better launched under the auspices of helping customers afford quality homes. Investors in proptech firms are taking financial hitsYou don't need to ask proptech investors whether they're disappointed in the sector's performance — just look at share prices.
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