Cadre ($PRIVATE:CADRE) had a Kushner problem. Now, it may have some others, too, as this data shows. 

After racking up a hefty valuation and more than $130 million in investor capital, Cadre is seeing job postings slow down 70% from 2019 highs. This comes after a report late last year from Bloomberg that the involvement of a polarizing political figure hurt the real estate investing startup's ability to raise funding. This past summer, Bloomberg also reported that a senior executive departed Cadre, who now works with investment firms, per his LinkedIn profile

It comes in the wake of US Presidential son-in-law Jared Kushner's decision to sell his stake in the startup at a substantial markup from where he invested. Joining the DC-based Kushner in the venture were other backers like Andreessen Horowitz, Thrive Capital (the VC firm run by Josh Kushner, Jared's brother) and Goldman Sachs, among others. 

Cadre's co-founder knows it's a "frustrating" situation. But, now, it remains to be seen whether the Kushner connection was holding back Cadre, or if it's something else. With the President's son-in-law out of the equation, Cadre may be able to reconnect with investors that passed on its funding last year - but it remains to be seen how it will fare in 2020's fundraising market, certain to be very different than last year's. 

About the Data:

Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales. 

Further Reading: 

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