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They were able to raise money from investors selling themselves as a tech company. Now that they have the money, they dont need the engineers anymore which expl
by mStreamTeam 6y ago
They were able to raise money from investors selling themselves as a tech company. Now that they have the money, they dont need the engineers anymore which explains the layoffs and downsizing.
Brex feels like an attempt to gamble with someone else's money. They raised a ton of capital and now they are going to use it to invest in high risk startups.
- devmunchies 6y ago> selling themselves as a tech company They built a lot of the underlining infra for their Brex Cash product. > use it to invest in high risk startups Don't they require you to pay back the balance at the end of every month? And you're not aloud to go over a percentage of whats in your bank account. These restrictions limit the risk.
- mStreamTeam 6y agoEvery bank builds their own infrastructure, yet I've never heard a bank advertise themselves as a tech company...
- cercatrova 6y agoCapital One does, to my knowledge.