The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 21 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Rabois: Ramp will beat Brex and become 10x more valuable
“Ramp is absolutely going to be the winner. Probably will be two, three, four, five, 10 times more valuable.”
Lazarte: Mercor grew from $1M to $100M revenue in 11 months
“Brex went from like zero to a hundred million dollars in revenue in like in 18 months after launch, and Mercor went from like a million dollars in revenue when I invested to like over a hundred million, like in 11 months.”
Franceschi: Only Brex, Citi, and Amex offer full global local card settlement
“And today there's three companies on the planet that can do that. Number one is Brex. Number two is Citibank. Number three is American Express. That's it.”
Blond: Brex Never Used Recruiters to Source Sales Talent
“At Brex, we did not use recruiters, internal or external, to source candidates for the sales organization Ever.”
Brex will be the world's top corporate credit card by 2024
“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.”
O'Driscoll: Ramp's 40x revenue multiple sharply contrasts Brex's 6x valuation
“Fortyx runway revenues when the comp traded at six in terms of breaks, even albeit on a lower growth rate is a pretty healthy valuation.”
O'Driscoll: Ramp hit $1B run rate faster than Brex at $700M
“From an operational perspective, this is further validation that quote unquote, I've won. I started later and I'm doing a billion. They started earlier, they're doing seven hundred million.”
Stebbings: Ramp reaches $1B revenue as Brex hits $700M near breakeven
“Ramp is at a billion in revenue. Brax is at 700. They're both around the breakeven to moving profitable phase.”
Stebbings: Mercury generates $500 million in revenue at a $3.5B valuation
“Brex is like 10, 11. And Mercury's at three and a half, with 500 in revenue”
Pedro Franceschi Confirms Brex Will Not Go Public Within the Next Year
“We're not going to go public anytime in the next year. It's something coming in the future, but getting ready for this and having the structure in place sooner probably just acclimates everyone to the way we actually run the company day to day.”
Pedro Franceschi intends to take Brex public as CEO
“I definitely want to go through the journey. And I think to realize the potential of Brex I think that's the best path.”
Capital One acquires Brex for $5.15B in cash and stock
“Brex's acquisition by Capital One, 5.15 1,000,000,050 percent cash, 50% shares.”
Franceschi: Brex built its complete financial plumbing in-house without vendors
“We spent so much time in the early years building our whole financial infrastructure from the ground up, like down to the way we talk to MasterCard, down to the way we move money on ACH, down to the way we do, you know, global money movements, settlements, eff…”
Brex Pivoted in 2021 to Serve 10,000-Person Enterprise Finance Teams
“And I think we, in 2021, we basically said, we're going to do that really well. So we're going to go to the most complex use case, which is like, how do we serve a 10,000 person company and their finance team and scale that down.”
Brex Built Its Enterprise Platform in One Year to Acquire Major Clients
“And it took us, you know, a year to get something that worked. And that's how, you know, ultimately, we closed customers like DoorDash, like Coinbase, like Robinhood, you know, like all these large enterprise customers that would not have traditionally come to…”
Sam Blond: Brex Scaled Outbound from Personal Networks to Billboards
“At Brex, we started with personal networks, we moved to investor networks, we moved to YC companies, we moved to former YC companies, we then put billboards up all over San Francisco, and we targeted companies that were headquartered in downtown San Francisco …”
Ralston: Brex is one of YC's fastest startups to $1B
“The incredible founders of newer companies like Brex, which is one of our fastest to a billion dollars.”
Blond: Brex opened a San Francisco restaurant when under 100 employees
“We decided at a very early stage, we were less than a hundred employees, we decided that we were going to open a restaurant and lounge. And so we opened a in South park in San Francisco, we opened a Brex lounge on top of a South park cafe, which was a restaura…”
Blond: Brex Hired TaskRabbits to Hand Out $4 SaaStr Breakfast Burritos
“We show up, we had task rabbits outside of the event in Brex t-shirts handing out Brexfist burritos to every single person that walked in the venue. So the first experience that they have at Sastra is they get a Brex burrito on when they walk in. Four bucks a …”
Dubugras: Brex employs 1,100 people, including 600 in product and engineering
“We're at scale, you know, we're like 1100 people like EPD org is 600 people.”
Matt Mochary's coaching client list includes partners at Benchmark, Sequoia, and Kleiner
“On the VC side, Matt has worked with the likes of Peter Fenton at Benchmark, Several Sequoia partners, Hemond at GC, and Mamoon at Kleiner, to name a few. As for founders, Matt's worked with the founders of Brex, Coinbase, Plaid, Reddit, Flexport, and many mor…”