Layoffs at Velocity

Worked at a company which did rev financing earlier, pivoted after a few months, the founder was right it seems, he told me this model won't work, all other players will pivot soon

I remember applying there and had a first round interview too.

The interviewer was 15 minutes late, only joined after I pinged the HR.

I could realise that he was in a fussy mood, prolly was asleep.

It was after I got laid off, I was looking for a step-up role, but had applied to my previous title.

He explicitly told me that he they expect people to stick for at-least 2-3 years and the fact that he can’t guarantee that I’d move vertically/grow into the next role.

It doesn't work because the duration of installments isn't fixed...some months are good so you(borrower) repay more(so you're being punished for good growth😏) and some months' revenue is less so you return less and that's why it's a reverse model !

Term loan with floating rate of interest and fixed timeline is best for both parties..