Anyone from Dave Inc in these forums?

Question

Is Dave a good company? All the reviews seem good in glassdoor and other sites and it made the list of companies to watch out for and best places to work by BuiltIn, but a company that lost so much valuation in such a quick manner is not necessarily a bad company but might be suffering of talent turnover and uncertainty

bravofan777 · Accepted Answer

Earlier this year, around April, I was in the interview process from Dave and then all of a sudden they pulled the role. In the preliminary conversations with them (and what I’ve read) it really seems like they are struggling with “what’s next” as their value prop was hinged upon no overdraft fees which is becoming common play with big banks now

herptology · Answer

Not from Dave but have been watching them on Seeking Alpha.

My take is that they are a small company trying to ride the waves of really weird economics. The valuation is somewhat alarming, but they are in a very competitive space with a growing user base. Valuations are somewhat an artform so I wouldn't use that as my sole criteria for a thumbs up or down. I'm looking at growth, talent, macro conditions, and the like.

All that said, I'd say they are right where they need to be. In the mix, not flounder, but growing. Culture wise, sounds like a solid team so unless something weird happens internally, they only stand to ramp up once things turn around next year. Some of the other competitors in the space like Chime, Even, Varo Bank, Credit Sesame, etc are in similar positions.

Anyone from Dave Inc in these forums?

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