What happened to officehours and the people associate with it?
Just saw that one of the co-founders of it is now working for his family business and doesn't seem like he's actively engaged with officehours, and they haven't posted stuff for 7 months. So, are they out? And what is the story behind it? i know they had bad reviews among others
Based on the most helpful WSO content, here's what you need to know about OfficeHours and its associated controversies: 1. **Negative Reputation**: - OfficeHours has garnered a lot of negative feedback on WSO. Users have described the company as "scammy" and criticized its founder, for being "sleazy" and unprofessional. - There are numerous complaints about their daily emails being awful and the business model being based on dubious practices. 2. **Fake Accounts and Spam**: - OfficeHours has been accused of using fake accounts and fake employees on LinkedIn. - They have also been criticized for spamming juniors on their work emails and making it difficult to unsubscribe from their mailing list. 3. **Customer Dissatisfaction**: - Many users have expressed dissatisfaction with the service, stating that it gives the industry a bad reputation. - There are also mentions of errors and illogicalities in their materials, which have led to further distrust. 4. **Response from OfficeHours**: one of the founders, has responded to the criticism by asking dissatisfied customers to reach out to him directly to resolve any issues. - He has also defended the company by stating that they only need a small percentage of the market to see success and encouraged new users to check out their website. 5. **Association with Litquidity**: - There was a controversy involving Litquidity, where it was revealed that they had sold out to OfficeHours. This led to further disappointment among users who felt their data might be in the hands of a third party. 6. **Current Status**: - It appears that one of the co-founders is now working for his family business and is not actively engaged with OfficeHours. - The company has not posted any updates for the past seven months, indicating a possible decline or cessation of their activities. For more detailed discussions and user experiences, you can refer to the following threads on WSO: - [Don't get OfficeHours](https://www.wallstreetoasis.com/forum/private-equity/dont-get-officehou…) - [OfficeHours Fake Employee LinkedIn](https://www.wallstreetoasis.com/forum/private-equity/officehours-fake-e…) - [Litquidity sold out to getofficehours](https://www.wallstreetoasis.com/forum/investment-banking/litquidity-sol…) These threads provide a comprehensive view of the issues and user sentiments regarding OfficeHours.
Sources: Don't get OfficeHours., Page to log into your Wall Street Oasis member account., Don't get OfficeHours., https://www.wallstreetoasis.com/forum/investment-banking/litquidity-sold-out-to-getofficehours?customgpt=1, Office Hours are a HUGE Scam
The business was sold in 2024 to private equity investors. I can't say that I really wish them success. I was spammed practically every day, and I don't know a single person who likes the business. A broken clock is right twice a day, and sometimes even parasites make money off the foolish.
He's working for his family's VistaPrint lookalike business now.
what kind of investor would buy them? i doubt they ever made money?
I don’t know. I just go off the press releases.
The fact that they had a press release is wild. Found it here—like, congrats on being bought out, I guess? I can see why LPs are getting so tired of new fundraises when they make investments like these. Honestly, I would pay good money to see their proforma—if they even have one—and to find out if they actually have any customers, Also, disappointing to see that, despite all the shit they pulled, they made out okay.
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