Scott Galloway?s edtech startup, Section4, lays off a quarter of staff
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Section4
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Greg Shove
Section4
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Summary
The startup last raised a $30 million Series A in March 2021.Per Shove, Section4 is aiming to serve 15,000 students and 200 enterprise customers by the end of the year.The company’s reasoning for the layoffs, per sources, largely came from financial mismanagement, not yet having product market fit and hiring too much.
As said here by Natasha Mascarenhas