Ryan Schaffer, CFO of Expensify, a start-up that makes business expense reporting software, has been relentlessly hounded since last year, The New York Times reports.
It started with Expensify’s board. In the fall, members asked Mr. Schaffer whether the company would be interested in merging with a SPAC. If so, they told him, they could provide introductions. Expensify was considering going public in 2021, so Mr. Schaffer said yes.
That opened the floodgates. Dozens of SPACs began emailing Mr. Schaffer through their advisers, investors, bankers and other middlemen. Eventually, the interest became so overwhelming that, he said, he stopped responding to new inquiries. Read more.
