Erik Torenberg is no longer the co-CEO of On Deck, a tech company that is trying to productize the community in a way that helps founders secure capital and advice. Torenberg, an early Product Hunt employee and the founder of investment firm Village Global, assumed the role only a year ago. But now, as On Deck returns to its founder-focused roots and spins off its second business, Torenberg is returning to a chairman position.
“Now that we are a leaner company with a focused mandate, it makes sense to return to our origins and operate as we had been for much of our history,” an On Deck spokesperson said via email. “Erik will remain deeply involved in On Deck, just as he has been since our beginnings.”
The move, shared internally to staff last week, is the latest shakeup for the business, which cut a third of its staff months …
