hdubugras

5 ms·

1.
Building the Brex API(building.brex.com)
105 points by hdubugras 5y ago|27 comments
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by hdubugras 7y ago
Brex | Engineer - Frontend/Full Stack/Backend/Infra | Onsite | Full-Time | SF, NYC, Vancouver Brex is building the next generation of B2B financial services with better tech and without the restrictions of outdated legacy ban
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Brex (YC W17) Is Hiring (SF, NYC, Vancouver)(themuse.com)
1 points by hdubugras 7y ago
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An update to Brex's commitment to user privacy(brex.com)
4 points by hdubugras 7y ago|0 comments
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by hdubugras 7y ago
Thanks for the questions! To your first point, there's definitely some potential interaction between our customers. We're not quite sure what that will look like right now, but we do have our eyes on that in the future. We offer d
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by hdubugras 7y ago
We handle fraud in-house through a joint effort of a variety of teams (customer experience, operations, engineering, etc.) and even have a webpage dedicated to it https://brex.com/fraud/ :)
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by hdubugras 7y ago
Thanks for the feedback and totally understand where you're coming from. We're working on adding these security measures in the near term. We care a lot about security too - one of the reasons we started Brex and made virtual card
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by hdubugras 7y ago
We leverage merchant level data that's provided by the networks as an input into our auto categorization system, which uses Google Places API and some simple machine learning. We then overlay randomly sampled manual inspections to ensu
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by hdubugras 7y ago
Great question! 1.) 7x on rideshare is a lot but if you think about the portfolio of spend for a company, most of it is not on rideshare. Since our offering is superior, people usually put all of their spend on Brex, which helps us make up
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Show HN: A corporate card for life science companies
39 points by hdubugras 7y ago|16 comments
11.
Conversations with Juggernaut Founders - The Foundry with Chris Read
9 points by hdubugras 8y ago|1 comments
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by hdubugras 8y ago
Hey, thanks for reading. Yes we should have been more clear that generalizing our data implies that "61% of startups use Copper", but as we don't have universal coverage across every company (yet) we'll have some missing
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by hdubugras 8y ago
Exactly.
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by hdubugras 8y ago
Sure, it might be interesting to compare rounds this way, on how long each round is planned to last.
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by hdubugras 8y ago
Thanks, we'll make that clearer in our next iteration.
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by hdubugras 8y ago
We can definitely add a runway / months to exhaustion to our next analysis.
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by hdubugras 8y ago
Obviously belongs on every real HN thread
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by hdubugras 8y ago
Great data here, thanks! Yes, part of the difficulty of this analysis is the low number of graduates makes it hard to see what's causal.
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by hdubugras 8y ago
Thanks! Burn rate is inclusive of payroll, yes. Everything that eventually hits the bank account will be included in the burn rate.
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by hdubugras 8y ago
Yes, all worthwhile normalizations!
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by hdubugras 8y ago
Agreed that from a data perspective, it would be fascinating to see how an investment regime shift would change these benchmark indicators, which should also be useful to startups.
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by hdubugras 8y ago
But startups don't just raise money because they need it, they also have to be given it. That said, there is a question of what parts of this are causal that we plan to tease apart in future analyses.
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by hdubugras 8y ago
Right, we would define what you're pointing to as a subset of cash flow - you are specifically highlighting "liquidity" when you talk about the lag there, but I agree we could have been more clear. 82% is referring to failure
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by hdubugras 8y ago
Exactly. Our plan going forward is to start breaking down burn by major factors like salary, rent, vendor spend. Another interesting one we're looking at is the breakdown of burn by industry and stage. We can also then compare the majo
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by hdubugras 8y ago
Hey HN - Henrique here co-founder of Brex (YC W’17). I wanted to introduce the HN community to some new data we gathered at Brex as part of our new blog. We specifically looked to highlight data that is not available to other startups. + We
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Benchmarks for Startup Spend and Cash Burn(brex.com)
109 points by hdubugras 8y ago|35 comments
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by hdubugras 8y ago
Hey! Indeed we do have very good traction. But the fact that you can get business credit with zero assets or revenue is true if you're wiling to personally guarantee the card, because then it's just like getting a personal card bu
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by hdubugras 8y ago
We bought it together with the press launch, which was last Tuesday :)
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by hdubugras 8y ago
Not yet unfortunately
30.
by hdubugras 8y ago
Yes - for the first year

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