Henrique CEO Brex

Brex, the $2.6 billion credit card startup, hosted a webinar Tuesday for other startups that were planning to fundraise in early 2020.
With recession bells already ringing, many startups are concerned that venture capital funding may be hard to come by through the end of 2020 and could spell disaster for young companies.
Brex has spent the better part of the last 12 months developing a series of community-oriented initiatives, like its members lounge and extensive programming, among its cohort of startup peers.
The three-year-old company shared its contingency plans in a presentation on Tuesday, including revisiting headcount and an interim board meeting, as guidance for what other startups should consider during any moment of prolonged economic uncertainty.
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Even Brex’s community programming has gone virtual as Silicon Valley enters week two of widespread shelter-in-place orders across the state.

The $2.6 billion credit card startup spent the better part of the last 12 months creating a robust network of perks, programming, and physical spaces dedicated to building a community among its cardholder members. It opened a cafe, a lounge space, and started hosting regular fireside chats and how-to sessions geared towards its peers …read more

Source:: Businessinsider – Technology

      

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