In Porch.com’s IPO filing, the home-services startup touts one of its core values: “No Jerks/No Egos.” But the “nice guy” approach has brought the firm to the brink of financial ruin, the filing shows. Unless it’s able to raise additional capital, the company “will not have sufficient cash flows and liquidity to fund its planned business for the next 12 months.” The disclosure, filed with the Securities and Exchange Commission Wednesday, was made ahead of
source https://therealdeal.com/2020/10/15/porch-is-running-out-of-cash-ipo-filing/
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