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A comment on Remote First at Brex. Parent comment

Re:Remote First at Brex by mStreamTeam on Monday September 14, 2020 @06:26PM (#24475854)
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.

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Re:Remote First at Brex by devmunchies on Monday September 14, 2020 @06:33PM (#24475904)
> 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.

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Re:Remote First at Brex by mStreamTeam on Monday September 14, 2020 @06:41PM (#24475970)
Every bank builds their own infrastructure, yet I've never heard a bank advertise themselves as a tech company...
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Re:Remote First at Brex by cercatrova on Tuesday September 15, 2020 @07:15AM (#24479908)
Capital One does, to my knowledge.
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