Startup Shockwaves: Lessons and Shifts in the Wake of Bench's Unexpected Closure
The recent closure of Bench, an accounting services company, has sent shockwaves through its customer base and the wider business community. This dramatic event has spurred a wide-ranging discussion about the viability and sustainability of startup business models, particularly in the financial services industry, where predictability and trust are paramount. The story of Bench is a cautionary tale that brings to light several key issues in the startup ecosystem.