Brex

11 statements across 4 episodes · 8 bullish · 0 bearish · 4 people on the record · first statement Mar 13, 2020 by Enrique Dubugras · said 82 times in 21 episodes since 2020 · across every show →

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brought up most by Nathan Latka (63), Alex Bean (6), Miles Beckett (5), Gino Donati (2), CJ Gustafson (2), Lars van Wieren (1), Jason Lemkin (1), Enrique Dubugras (1)

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2021 21 mentions in 10 episodes 2 per episode
2020 35 mentions in 2 episodes 18 per episode

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Everything said about Brex, oldest first

Mar 13, 2020
Disclosure
Brex Founders Initially Entered Y Combinator With a Virtual Reality Concept
“And in the middle of Stanford, we got into Y Combinator and in Y Combinator was actually a virtual reality idea. And inside Y Combinator, we actually pivoted to Brex.”
Enrique Dubugras Mar 13, 2020 ▶ 1:23 1693 He Gives Founders a CC, No Personal Gauruntee, Will Pass $1B GMV in 30 Day Period by 2020.
Mar 13, 2020 bullish
Prediction Held up
Brex Will Hit $1 Billion in Monthly Transaction Volume by 2022
“Definitely less than two years.”
Enrique Dubugras Mar 13, 2020 ▶ 12:43 1693 He Gives Founders a CC, No Personal Gauruntee, Will Pass $1B GMV in 30 Day Period by 2020.
Mar 13, 2020 positive
Assertion Not checkable as stated
Brex Has Captured Nearly 80% Penetration Among Y Combinator Startups
“We're close to 80 today. But you know, there's still plenty left to go.”
Enrique Dubugras Mar 13, 2020 ▶ 7:14 1693 He Gives Founders a CC, No Personal Gauruntee, Will Pass $1B GMV in 30 Day Period by 2020.
Mar 13, 2020
Assertion Not checkable as stated
Some Brex Customers Charge Millions Monthly on AWS and Google Ads
“We have like actually customers paying millions of dollars a month in AWS bills or Google ad spend through one Rex card.”
Enrique Dubugras Mar 13, 2020 ▶ 9:39 1693 He Gives Founders a CC, No Personal Gauruntee, Will Pass $1B GMV in 30 Day Period by 2020.
Mar 13, 2020 bullish
Prediction Not checkable as stated
Brex Expects Its Required Warehouse Equity Backstop to Drop to 2%
“As we become more mature, the markets the capital markets start trusting us more. So that number can go down to 10, five, two, two percent. So over time, I'll need less capital than I need today.”
Enrique Dubugras Mar 13, 2020 ▶ 8:50 1693 He Gives Founders a CC, No Personal Gauruntee, Will Pass $1B GMV in 30 Day Period by 2020.
Mar 13, 2020 neutral
Assertion Supported
Square Raised Funding at Brex's Current Valuation Very Early On
“Square raised, you know, at our valuation really, really early on as well.”
Enrique Dubugras Mar 13, 2020 ▶ 13:25 1693 He Gives Founders a CC, No Personal Gauruntee, Will Pass $1B GMV in 30 Day Period by 2020.
Mar 13, 2020 bullish
Assertion Not checkable as stated
Brex Boasts a 0% Non-Payment Rate and Zero Customer Defaults
“We actually have zero percent not payment today. So we never had a customer default.”
Enrique Dubugras Mar 13, 2020 ▶ 11:45 1693 He Gives Founders a CC, No Personal Gauruntee, Will Pass $1B GMV in 30 Day Period by 2020.
Mar 13, 2020 bullish
Assertion Not checkable as stated
Brex is Growing Gross Merchandise Volume 50% to 70% Month-Over-Month
“Growth rates we're growing between 50 and 70% month over month. So since we, you know, raised our round, we already grew like five X or something like that.”
Enrique Dubugras Mar 13, 2020 ▶ 7:40 1693 He Gives Founders a CC, No Personal Gauruntee, Will Pass $1B GMV in 30 Day Period by 2020.
Oct 10, 2020 positive
Assertion Not checkable as stated
Van Wieren: Starred candidate experience business doubles yearly, signing Brex and Robinhood
“In our focus, we're doubling every year, and we're signing also big American companies, or at least big tech companies like Elastic, Robinhood, Brex.”
Lars van Wieren Oct 10, 2020 ▶ 5:36 Starred Looking to Raise $4m Series A for HR Tech
May 17, 2021 positive
Opinion
Bean: Brex Innovated on Credit While Divvy Innovated on Software
“Brex drove innovation on the credit side and they deserve a lot of credit for it. We drove innovation on the software side and we deserve a lot of credit for it.”
Alex Bean May 17, 2021 ▶ 18:19 Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV
Apr 29, 2026 positive
Opinion
Beckett: Brex's $5B exit is a great outcome despite $12B peak
“The Brex outcome was a great outcome. Like the reality is that was a great outcome. That was a win. They sold a company for five billion dollars in like eight or 10 years. They crushed it. You know, it's not their fault that they raised a twelve billion dollar…”
Miles Beckett Apr 29, 2026 ▶ 15:37 How Flossy Reached $4M ARR With AI Dental Receptionists
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