News for hackers. Stuff that matters.

A comment on Brex Layoffs.

Re:Brex Layoffs by mrnobody_67 on Tuesday January 23, 2024 @02:26PM (#39108367)
Company was burning $17m per month with less than $300m in revenue... while growing at a slower rate than ramp.com . simply unsustainable.
[ Parent | on HN ]
Re:Brex Layoffs by chatmasta on Tuesday January 23, 2024 @03:00PM (#39108904)
Is there some relevance in the comparison to ramp.com or were you just mentioning it as an example?
[ Parent | on HN ]
Re:Brex Layoffs by dalyons on Tuesday January 23, 2024 @03:11PM (#39109070)
its effectively their competitor
[ Parent | on HN ]
Re:Brex Layoffs by chatmasta on Tuesday January 23, 2024 @03:18PM (#39109147)
Oh right... for some reason I thought it was a crypto startup. Maybe that's another Ramp
[ Parent | on HN ]
Re:Brex Layoffs by dalyons on Tuesday January 23, 2024 @03:36PM (#39109395)
yeah, thats https://ramp.network/ . Also called Ramp. I made the same mistake previously.
[ Parent | on HN ]
Re:Brex Layoffs by eterm on Tuesday January 23, 2024 @02:33PM (#39108488)
What am I not understanding about your comment, 300m is 25m per month, so that sounds very profitable?
[ Parent | on HN ]
Re:Brex Layoffs by e1g on Tuesday January 23, 2024 @02:37PM (#39108547)
They spend every cent of the revenue they made AND the extra $17m each month.
[ Parent | on HN ]
Re:Brex Layoffs by kstrauser on Tuesday January 23, 2024 @04:18PM (#39109991)
Ohhhh, I misunderstood that in the same way. $17 is the burn (i.e. the net loss), not the expenses.
[ Parent | on HN ]
Re:Brex Layoffs by umeshunni on Tuesday January 23, 2024 @04:04PM (#39109795)
Their spend is $42m per month
[ Parent | on HN ]