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Katerra Kaput

Katerra spent big to realize its vision of a vertically integrated design construction powerhouse. Unfortunately, it wasn’t able to see it through. (Source: Katerra)   Katerra, founded in 2015 by former Flextronics CEO Michael Marks and Fritz Wolff of the Wolff Co. in Menlo Park, recently notified its employees that it did not have sufficient funds for payroll. News site ...

Kathleen Maher

Katerra spent big to realize its vision of a vertically integrated design construction powerhouse. Unfortunately, it wasn’t able to see it through. (Source: Katerra)   Katerra, founded in 2015 by former Flextronics CEO Michael Marks and Fritz Wolff of the Wolff Co. in Menlo Park, recently notified its employees that it did not have sufficient funds for payroll. News site The Information broke the news on June 1. The company blamed Covid-19, the rising cost of materials and labor, and the bankruptcy of Greensill Capital in March 2021, one of the company’s lenders. Katerra Executives got the news through a
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