Well, that was a crazy turn of events. Three weeks ago, I thought Parker was going to be acquired in a deal worth nearly $90M. Yesterday, we filed for Chapter 7. I spent most of my twenties building Parker. We went from an idea in YC to processing over $1B in annualized volume, pioneered products that became standard across fintech, and built something I believed could last for decades. And now it’s over. I know there’s going to be speculation about why Parker failed, but a lot of what’s being said online is simply not accurate. Over the last few years, we faced leadership turnover, a much tougher market, slowing growth, and the realities of trying to scale a venture-backed business after momentum fades. Earlier this year, we decided the best path forward was to pursue a sale of the business. We ran a process and spent months working toward a potential acquisition that ultimately did not close. After that, things moved quickly. The hardest part is the impact on the people involved: •Customers dealing with disruption •Employees losing jobs they worked hard for •Investors who believed in us losing money What I am proud of is the team. Parker was built by incredibly talented people who deserved a better outcome than this. Helping them land somewhere great is my top priority right now. If you’re hiring operators, engineers, designers, finance, credit, or growth talent, please reach out. To everyone who believed in Parker over the years: thank you.