By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CryptoCommunityCryptoCommunity
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • BTC
  • ETH
  • USDT
  • USDC
  • BNB
  • BUSD
  • ADA
  • XRP
  • SOL
  • DOGE
  • DOT
  • MATIC
Reading: Ro’s co-founder is leaving the company, last valued at $7 billion – TechCrunch
Share
Aa
CryptoCommunityCryptoCommunity
Aa
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
CryptoCommunity > Blog > General > Ro’s co-founder is leaving the company, last valued at $7 billion – TechCrunch
General

Ro’s co-founder is leaving the company, last valued at $7 billion – TechCrunch

admin Published August 3, 2022
Last updated: 2022/08/03 at 4:45 AM
Share
SHARE

[ad_1]

Ro’s co-founder and chief growth officer Rob Schutz is stepping back from his current role and will stay involved with the digital health company in an advisory role, TechCrunch has learned. The shift comes just weeks after Ro cut 18% of its staff to “manage expenses, increase the efficiency of our organization and better map our resources to our current strategy,” leadership wrote in an e-mail obtained by TechCrunch and confirmed by multiple sources.

“Ro has gotten to a scale where I can now confidently pass the baton to the teams in place to continue to grow, innovate and build the company from here,” Schutz wrote in an email sent to staff today. TechCrunch reached out to Ro for further comment, but had not yet heard back by time of publication. Schutz confirmed his departure on LinkedIn, providing a copy of the memo that TechCrunch received.

While this is one of the most difficult decisions I’ve ever had to make, I’m going to be stepping back from my role as Chief Growth Officer at @Ro.

More here:

— Rob Schutz (@rob) August 2, 2022

He’s not the first executive to depart from the company following Ro’s entrance into the growth stage. In February, Ro announced that it raised $150 million exclusively from existing investors at a $7 billion valuation. A week after the fundraise, TechCrunch learned that Ro COO George Koveos and GM of Ro Pharmacy Steve Buck moved on from the company. In May, Modern Fertility co-founder Afton Vechery left Ro about a year after her company, built alongside co-founder Carly Leahy, was sold to it for north of $225 million. Schutz is the first co-founder to leave the company, as CEO Zachariah Reitano and chief product officer Saman Rahmanian remain at the business.

Schutz wrote in the e-mail that he will step back from day-to-day operations after Labor Day, which is September 5, 2022. “What I’ve realized upon reflection is that the areas where I can flex my superpowers are most helpful to companies at a smaller stage,” Schutz wrote. He also hinted at partnering with some of Ro’s investors – which include FirstMark Capital, General Catalyst, Seven Seven Six, BoxGroup, Altimeter Capital, Baupost Group, Initialized, TQ Ventures and TCG – to advise early-stage startups.



[ad_2]

You Might Also Like

Revyze is building the TikTok of educational videos

YouTube ends the test asking users to get a premium subscription to watch 4K videos

Who is going to buy Cadillac’s $300,000 hand-built EV?

Don’t let today’s software rally improve your mood

Daily Crunch: Kanye West reaches agreement to acquire social media platform Parler

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin August 3, 2022
Share this Article
Facebook TwitterEmail Print
Share
Previous Article Ethereum Options Surpass Bitcoin Ahead Of Upcoming Merge
Next Article Y Combinator narrows current cohort size by 40%, citing downturn and funding environment – TechCrunch

Latest News

earn bitcoins fast
How to earn bitcoins fast
crypto
Cryptocurrency is a Scam or Not
How to Tell If a Cryptocurrency is a Scam or Not
crypto
Losing In Cryptocurrency Trading
Tips to Avoid Losing In Cryptocurrency Trading
crypto
Sell Products Online with Bitcoins
How to Sell Products Online with Bitcoins – The Ultimate Guide
crypto

You Might also Like

Revyze is building the TikTok of educational videos

6 Min Read

YouTube ends the test asking users to get a premium subscription to watch 4K videos

2 Min Read

Who is going to buy Cadillac’s $300,000 hand-built EV?

4 Min Read

Don’t let today’s software rally improve your mood

1 Min Read

Crypto Community

  • Home
  • Crypto Calculator
  • Blog
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions

Real time Cryptocurrency

  • Crypto Prices
  • Dogecoin price
  • Shibainu coin price
  • Bitcoin Price
  • Cardano Price
  • Litecoins Price

Cryptocurrency Price USD

  • Bitcoin price USD
  • Ethereum price USD
  • Tether price USD
  • BNB Price USD
  • Cardano Price USD
  • Solana Price USD
  • Peps coin Price USD
  • floki inu Price USD
  • SIA coin Price USD
CryptoCommunityCryptoCommunity
Follow US

© 2022 Cryptos Community All Rights Reserved. All logos and images used on this website are registered trademarks of their respective companies. All Rights Reserved. Cryptos Community is not liable for inaccuracies, errors, or omissions found herein. For the removal of copyrighted images, trademarks, or other issues, Contact Us. 


Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?