Exclusive Investigation: How Lies And a Troubled Workplace Brought Down The Founder Of $115 Million Cleo - News Summed Up

Exclusive Investigation: How Lies And a Troubled Workplace Brought Down The Founder Of $115 Million Cleo


The harangue stunned some of Cleo’s employees, who felt that it flew in the face of the company’s mission to create a better workplace for parents. Cleo says it signed $10 million in contracts in a 13-month period from January 2018 through January 2019, widening access to Cleo’s products to 500,000 people. Guo herself tested out the service, and while seven months pregnant, handed Cleo its Series A term sheet for $10.5 million. (A Cleo spokeswoman said the company was unaware of any cases in which the employees were encouraged to come back early.) The interview had been set up after Cleo applied to Forbes’ list of Next Billion-Dollar startups.


Source: Forbes June 18, 2019 15:09 UTC



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