Benitago trumpeted a $325M series A raise in Nov 2021. By Nov 2023 they filed for bankruptcy. Jon Derkits - a fellow ex-Amazon alumni - published a deep dive into Benitago's bankruptcy worth reading. Two details caught our eyes from Jon's summary: 1) they had 29 legal entities; and 2) 92 people with only 12 employees and 80 contractors at the time they went bankrupt. Let's talk about these two points a bit more.