I’ve known Yacine for the better part of my life. In just a few years he built a business that most people only dream of.
He’s a sharp operator but what people overlook is his genuine care for his team. When investors pulled funds and left us to die, team members offered to work for free to keep it alive. That doesn’t happen by accident.
Thank you for taking a chance on me when no one else did. Forever grateful to have been a part of the Parker journey.
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.
Frontier models like @OpenAI publicly avoided booking travel for a reason.
I founded https://t.co/Qx5hRqNiop - $2,000,000+ booked. 200+ founders, athletes, and creators. 1 thread in iMessage.
All in beta.
Here’s what’s different:
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Search is the wrong abstraction. We built a tool to just do it for you.
We're now opening it up to the public.
https://t.co/rMRGG2Lmbd
@martinmartinmro@OpenAI Amazing product.
- Got me insane value out of my points.
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Not cap. When PS5s went up for preorder in June 2020, they sat in stock on Target, Amazon, etc. for about an hour on average.
What made it so great was that there was no upfront cost. Just credit card pre-auths at most places.
Easy $50k if you were somewhat in-the-know.
Why do we have to finance Israeli endless lust to kill with 26 billion dollars of our tax money ? Why? Enough of this bullshit . But it’s ok Bernie must be a self hating Jew . It seems the only way not to be called an anti semite is to shut up and pay Israel . What happened to the cornerstone of American Independence? No taxation without representation? No one in the US wants this . No one in the US wants their taxes to finance this . The traitors in the US congress and senate can finance Israel from their own pocket . Good job @AIPAC : spending a 100 million dollars to buy politicians to get 26 billion for Israel ? Forget Bitcoin . This is the best ROI EVER !!!