240. A Blazing Fast Path to $B+; Binary Outcomes; The Fintech Revolution; and A New Approach to Employee Comp (Henrique Dubugras)

Henrique Dubugras of Brex joins Nick to discuss the Blazing Fast Path to $B+; Binary Outcomes; The Fintech Revolution; and A New Approach to Employee Comp. In this episode, we cover: Background -- path that led to Brex? Origin story for Brex Tag-line / One sentence overview What's so different about Brex? Why is more than just a credit card? How has the pandemic affected the business thus far? What do you offer that no one else does? Who do you consider to be competition? What is the moat here - why can't another well funded startup replicate your offering? A criticism I've heard is that, when businesses need credit most, when bank balance/working capital is low, is when Brex cuts off access to credit. What's your response? How would you describe your leadership philosophy? Are you recruiting/hiring? Is the approach different while 100% remote? What's the compensation structure at Brex? One of the fastest companies to multi-billion+ valuation -- more pressure w/ all that capital? With the raise and expectations some suggest that the outcome is binary -- is it? What advice do you have for early-stage, pre-A, founders trying to build a venture scale business? To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information.