Exclusive: Andreessen-Backed Divvy Homes Lays Off 12% of Staff as Rates RiseView Now

Aug. 13, 2022 6:00 AM PDT

Watching the app you built hit the 10 million-download threshold would be a career high for most founders. But for Ben-Zion Benkhin, it’s just another day at the office. Within the last two years, Benkhin, 26, has launched two wildly popular artificial intelligence–based apps. The first was Wombo.ai, which uses AI to create highly shareable, delightfully weird deep fakes from a curated selection of songs and noises (lest you use it for more sinister purposes). The app hit 10 million downloads within the first two weeks of its release in March 2021, and soon Benkhin was courting investors including Ashton Kutcher and Guy Oseary. By June, the company announced a $6 million seed round.

His company would reach niche internet stardom again less than a year later with its second app, Dream, which spins user’s photos into whimsical AI-generated paintings. Here Benkhin recounts his entrepreneurial journey, from making a million by the time he graduated from high school to getting millions to use his apps.

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Andreessen-Backed Divvy Homes Lays Off 12% of Staff as Rates Rise
Adena Hefets, co-founder and chief operating officer of Divvy Homes Inc. Photo: Bloomberg
Divvy Homes, a property tech startup backed by Andreessen Horowitz and Tiger Global Management, laid off about 12% of its staff Tuesday. The cuts reflect how younger real estate firms are responding to rising mortgage rates that have battered the home-buying market. The layoffs affected roughly 40 employees at the five-year-old firm. Divvy Homes buys homes in the U.S. and rents them to people...
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