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"The Brex Boys' Uncomfortable Reckoning"

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The Information’s recent in-depth profile of the founders of Brex is a must-read for anyone working in the broader tech space. The fintech unicorn saw explosive growth with its first product line: a corporate credit card for startups that needed to fund fast growth. This business model of extending credit to unproven businesses, however, made Brex especially dependent on other startups’ growth during the unicorn era.

Now, after cutting 20% of staff and shaking up management, Brex’s predicament presents a picture in miniature of bigger forces at play in Silicon Valley, offering a singular gauge of the rest of the tech industry’s health. 

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