Cake Financial downsizing

After releasing some interesting new functionality last month, Cake Financial is laying off 30% of its workforce.  The upstart aggregates financial/brokerage data of its users and then spits out community-level information to help investors make investing decisions.  While not a Sequoia VC portfolio company, perhaps Cake is heading their sounding of the alarm bells for startups in our current financial imbroglio.

Tagged as: cake, finance, investing 2.0, sequoia, vc, web 2.0, yahoo