On November 22, alternative financing startup Pipe announced that its three co-founders were stepping down from their executive roles and that a search for a new, “veteran” CEO had commenced.
In an exclusive interview, co-founder and former co-CEO Harry Hurst told TechCrunch that the trio were “0-1 builders, not at-scale operators.” He said the company’s revenue was growing year-over-year and that the company had five years of runway.
Finding the right successor could take a while, however. For starters, Pipe — which has raised more than $300 million from investors since it was founded in 2019 — has just one outside board member in Peter Ackerson, a general partner at Fin Capital who himself became a VC just three years ago. Hurst and fellow founders Josh Mangel and Zain Allarakhia are the only other directors on the board.
More, detractors seem bent o …
