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#Vishal Garg

TechCrunch

Better.com CEO Vishal Garg apologizes to current employees for ‘blundering’ of mass layoffs; SPAC delayed

(As if the barrage of negative publicity wasn’t enough evidence of that.) Today, a letter to current employees was leaked on Blind by a verified Better employee. In the letter, Garg apologized for the way he (mis)handled the layoff news last week, writing: “I failed to show the appropriate amount of respect and appreciation for the individuals who were affected and for their contributions to Better. I own the decision to do the layoffs, but in communicating it I blundered the execution. In doing so, I embarrassed you.”
BUSINESS
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Daily Beast

He Threatened to Burn His Business Partner Alive. Now He’s a Billionaire.

Last fall, employees at one of America’s fastest-growing startups began making anxious phone calls. They believed that CEO Vishal Garg—a volatile entrepreneur with a history of disgruntled business partners—had been giving huge amounts of equity to one of his most loyal lieutenants, in a way that violated norms and seemed to defy explanation.
ECONOMY
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How Better.Com Quietly Became A $7.7B Unicorn: Personal Insights From Founder Vishal Garg

I go behind-the-scenes with Unicorn founders to find out!. Vishal Garg is the Founder and Chief Executive Officer at Better, a digital-first homeownership company, and the leading non-commissioned mortgage provider in America (you’ll see later in the article why this was such a revolutionary and contrarian act). Better has raised over $400M since its inception and is currently valued at $7.7B.
ECONOMY
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Crain's Chicago Business

Roundtable on Supply Chain Disruption

Amidst the lingering pandemic, shortages keep arising in many corners of American life, from rental cars to paper goods, food products, furniture, clothing and more. As fall began, supply headaches once viewed as temporary were predicted to extend well into next year. Executives involved at various stages of the supply chain shared their thoughts with Crain’s Content Studio.
ECONOMY
Housing Wire

Reporters discuss bombshell story on Better.com’s Vishal Garg

Today’s HousingWire Daily features an exclusive interview with Forbes reporters David Jeans and Noah Kirsch. The pair join Mortgage Editor James Kleimann to discuss their recent article published at the end of November, titled “Mortgages, Fraud Claims and ‘Dumb Dolphins.’” The article dives into Better.com CEO Vishal Garg’s controversial workplace culture and how he leads the $4 billion fintech startup that’s preparing for IPO in 2021.
ECONOMY
TechCrunch

Anatomy of a SPAC: Inside Better.com’s ambitious plans

While the stock performance of post-merger SPAC companies has been shaky at best this year, the team at Better believed they were getting a preferable deal through their combination with Aurora (and additional investment by SoftBank) than if they decided to pitch bankers and institutional investors through a traditional IPO roadshow.
ECONOMY
therealdeal.com

Better.com CEO Vishal Garg accused of fraud, hostile workplace

Mortgage originator Better.com is one of the most buzzed-about startups, and was recently valued at $4 billion. But CEO Vishal Garg is a volatile leader ensnared in a rash of lawsuits alleging financial mismanagement and worse, according to a new report. Garg, 42, is accused of improper management of funds...
NEW YORK CITY, NY
dailybeatny.com

Masa invests $500M in Vishal Garg’s Better Mortgage

SoftBank Group is investing $500 million in mortgage lender Better.com at a $6 billion valuation, according to the Wall Street Journal. The Japanese tech conglomerate is buying shares from the company’s existing investors at a sharp jump from the $4 billion valuation at which it raised money in November. What...
REAL ESTATE
Business Wire

Digital Homeownership Platform Better to Become a Publicly-Listed Company via Merger with Aurora Acquisition Corp.; Company is Redefining the Homeownership Experience

NEW YORK--(BUSINESS WIRE)--Better HoldCo, Inc.(“Better” or the “Company”), one of the fastest-growing digital homeownership platforms in the U.S., and Aurora Acquisition Corp. (NASDAQ: AURC) (“Aurora”), a special purpose acquisition company, which closed its initial public offering on March 8, 2021, today announced that they have entered into a definitive merger agreement that will transform Better into a publicly-listed company. The transaction reflects an implied equity value for Better of approximately $6.9 billion and a post-money equity value of approximately $7.7 billion.
REAL ESTATE
Business Wire

Wynnchurch Capital Announces Internal Promotions and New Hires

ROSEMONT, Ill.--(BUSINESS WIRE)--Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle-market private equity firm, announced today the promotions of Ben Cherry and Chris Waldock to Senior Associate. In addition, Wynnchurch recently hired Vishal Garg as a Managing Director in the Operations Group, and Natasha Davenport and Evan Kluck as Associates. Chris O’Brien,...
BUSINESS
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