Brex will be the world's top corporate credit card by 2024
Henrique Dubugras · 20VC: Brex Founder Henrique Dubugras on Why Being Mission Driven Is Not The Only Way To Build A Massive Business, Why You Should Not Associate Fundraising with The Cash Needs of Your Business & Why You Don't Have To Follow Startup Theory When It Comes To · Feb 15, 2019 · at 24:34
Henrique Dubugras, co-founder and CEO of Brex, shares his five-year outlook for the company's market supremacy and his continued tenure as CEO.
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“I hope Brex in five years is the number one corporate credit card in the world in all industries and all sizes. And I'm still the CEO.”
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Henrique Dubugras says Silicon Valley's taboo against cash compensation is hypocritical
“I think there's this thing in Silicon Valley where compensation is kind of like this weird topic that people don't talk about because you need to be like mission driven. And if you're compensation driven, you're bad, right? You're evil because that's like bank…”
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“I believe that being mission driven is not the only way to build a massive company.”
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“We were very non-restrictive in cash compensation. We didn't force people to take pay cuts to join us. So I think that's like a reality. A lot of startups is in the beginning. It's hard to get really good people or more experienced people because, you know, yo…”
Dubugras: Expense software must prioritize execution speed over saving money
“And then that's when we said, actually, no, what they're doing doesn't make any sense for a lot of our customers, maybe for their customers, the direction that makes sense in the product and expense. It's helping companies move faster. That's what matters for …”
Dubugras: Expand product lines only when core offerings reach maturity
“If you're expanding to, it's the same customer that you're serving with a product that makes your current product better because that product exists. So you're gaining, not only you're selling this new product, but your old product is better because you have t…”