Brex

4 statements across 1 episodes · 0 bullish · 2 bearish · 3 people on the record · first statement Jan 26, 2024 by Dave Morin · across every show →

Everything said about Brex, oldest first

Jan 26, 2024 neutral

Disclosure

Dave Morin: One-third of portfolio companies used Brex, one-third used Mercury

“I remember when we were auditing our entire portfolio, like something like a third were using Brex and the other third were using Mercury and then everybody else was with”

Dave Morin Jan 26, 2024 ▶ 9:30 #31: Fintech Struggles, Netflix Rises and 'Big' is Winning · More or Less Podcast

Jan 26, 2024 bearish

Opinion

Brit Morin: Brex's $12.3 billion valuation is at least 3x overinflated

“I think their valuation is like at least three X Overinflated, like, 12.3 billion.”

Brit Morin Jan 26, 2024 ▶ 18:36 #31: Fintech Struggles, Netflix Rises and 'Big' is Winning · More or Less Podcast

Jan 26, 2024 neutral

Assertion Not checkable as stated

Brit Morin: Brex serves less than 1% of its overall market

“And to Sam's point, they only serve less than one percent of the whole market. So it's like, even if you have hundreds of millions of dollars in revenue, that's tiny in this market and you just don't have the distribution advantage.”

Brit Morin Jan 26, 2024 ▶ 16:36 #31: Fintech Struggles, Netflix Rises and 'Big' is Winning · More or Less Podcast

Jan 26, 2024 negative

Assertion Not publicly verifiable

Jessica Lessin: Brex laid off 20% of workforce, replaced key executives

“So the news this week was Brex, 20% layoff, replaced, I think CTO and COO, two members of the management team, all broken in the information.”

Jessica Lessin Jan 26, 2024 ▶ 10:27 #31: Fintech Struggles, Netflix Rises and 'Big' is Winning · More or Less Podcast

Brex

Everything said about Brex, oldest first

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