Earnest Co-Founder Steps Down a Few Months After Selling Startup
- Company was acquired by Navient late last year for $155M
- Beryl left this week, and it’s unclear what he will do next
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Louis Beryl, co-founder and chief executive officer of Earnest Inc., left the online lender this week after selling his company in October.
The San Francisco-based startup was acquired by student loan provider Navient Corp. for $155 million after a lengthy search for a buyer. Beryl and his co-founder, Ben Hutchinson, were supposed to remain at the firm and continue running Earnest as a separate unit within the company. Hutchinson remains there as chief operating officer, Navient said.