In June 2020, forty-year-old Austin startup ScaleFactor told its remaining staff the company was suspending most of its operations. Founder Kurt Rathmann blamed Covid-19 for gutting demand. The real story, reported by Forbes weeks later, was less forgivable: the ScaleFactor failure wasn’t a pandemic casualty it was a $103 million company that had promised investors … Continue reading ScaleFactor Failure: How a $103M AI Bookkeeping Startup Collapsed