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[disclaimer: I work at Brex, but am not speaking on behalf of the company] I think one thing being lost in translation here is that Brex considers small busine
by sgk284 4y ago
[disclaimer: I work at Brex, but am not speaking on behalf of the company]
I think one thing being lost in translation here is that Brex considers small businesses to be different from startups, and it's an important distinction internally that is likely getting lost externally.
For example, we just acquired Pry to help with founders at small startups figure out financial projections and needs. If you're an early stage funded startup, Brex is probably still a good fit.
The policy cited here is more about no longer being a good fit for "traditional" small businesses.
- Rebelgecko 4y agoHow do you actually make that distinction? My flippant guess is that the difference between the two is that a "traditional" small business is profitable
- bombcar 4y agoStartup has the chance of going big and they want their cut of that. Small business never will go profitable for them so they don’t want to waste time on it. Think “enterprise”.
- markdown 4y agoI suppose how likely it is to scale massively. Lawncare business = not a startup. Like Uber, but for lawncare = startup.
- mbesto 4y ago> The policy cited here is more about no longer being a good fit for "traditional" small businesses. Of which you, nor anyone else here, can clearly define. Hilarious, indeed.
- aaaaaaaaata 4y agoThey specifically said "funded".
- mbesto 4y agoWhat does "funded" mean? If my mom gives me $10k is that funded? If an investment firm gives me $5M, is that "funded"? And, and...