News of the Day |
Fintech startup Brex is transitioning to a traditional leadership model with Pedro Franceschi becoming the sole CEO, while co-founder Henrique Dubugras will serve as chairman of the board. The decision aims to enhance agility and streamline decision-making as the company prepares for a potential IPO by 2025. Since founding Brex in 2017, the co-founders have grown the company as co-CEOs to serve over 30,000 customers with a comprehensive product suite. Brex has recently faced layoffs and management changes, but has successfully reduced its cash burn and aims to be cash flow positive by 2025, positioning itself strongly against competitors like Ramp, Mercury, and Airbase. |
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Martin Tobias (Pre-Seed VC) @MartinGTobias
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Angels will invest because they like you
VCs will invest because they like you AND they can see a path to a very successful business.
You need both.
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Jun 12, 2024 |
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66 Likes 5 Retweets 10 Replies |
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Onwards and Upwards, |
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Liam Gill |
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