Brex – A Message from Pedro [Layoffs of 11%]

Re:Brex – A Message from Pedro [Layoffs of 11%] by spoonjim on Tuesday October 11, 2022 @11:40PM (#33172525)

It's a good racket if you can pull it off. Start some kind of "disruptive" company, raise a shitload of money off being 6 foot 4, hire 1,000 people to "disrupt" shit (they don't even have a banking charter!), cash out tens of millions of dollars at the Series D, write a tearful mea culpa when it all falls apart, buy the estate in Hillsborough and the Bentley Continental and try it again in five years.

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Re:Brex – A Message from Pedro [Layoffs of 11%] by DethNinja on Wednesday October 12, 2022 @12:14AM (#33172759)

I’m very jealous of people capable of pulling this off. I guess there is no way to do something like if you are not in the right circles.

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Re:Brex – A Message from Pedro [Layoffs of 11%] by kelp on Wednesday October 12, 2022 @12:57AM (#33173032)

I met with the founders sometime in the second half of 2017, I think before they had launched. I was looking for an eng leadership job and the just wanted / needed ICs. So it didn’t go anywhere.

But I came away with a strong sense that they would be quite successful. They just had this confidence and clarity of vision, that also didn’t seem like bullshit. And past experience building a company in the financial services space.

One funny thing I remember was Pedro (I think) saying their tech stack was Elixer, “maybe that’s crazy”. And interesting to see they have since started moving away from it. Seems they had some doubts about it from the start.

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Re:Brex – A Message from Pedro [Layoffs of 11%] by ch4s3 on Wednesday October 12, 2022 @12:14AM (#33172765)

I wish I were a little bit taller.

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Re:Brex – A Message from Pedro [Layoffs of 11%] by spoonjim on Wednesday October 12, 2022 @01:31AM (#33173240)

I wish I had a girl, if I did, I would call her.

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Re:Brex – A Message from Pedro [Layoffs of 11%] by kuwoze on Wednesday October 12, 2022 @01:38AM (#33173291)

cant try it in five years though: no more cheap $$$$ you actually have to do stuff now

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Re:Brex – A Message from Pedro [Layoffs of 11%] by esja on Wednesday October 12, 2022 @12:26PM (#33179315)

The cycle will repeat again, eventually.

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Re:Brex – A Message from Pedro [Layoffs of 11%] by FredPret on Wednesday October 12, 2022 @07:28AM (#33175400)

I’m tall and though it helps with certain things, it’s never enough to clinch a situation on its own.

I’ve heard it all, from dating, promotions, sports, and now fundraising. You still have to have all of the skills at it for anything good to happen.

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Re:Brex – A Message from Pedro [Layoffs of 11%] by spoonjim on Wednesday October 12, 2022 @11:48AM (#33178747)

Of course, it was a flippant remark, but it's more that there are some people who have the right "polish" (looks/Stanford/wit/connections/etc) and they can raise hundreds of millions of dollars for their companies regardless of whether it's a smart investment.

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