Fintech Brex abandons co-CEO model, talks IPO, cash burn and plans for a secondary sale [TechCrunch]
DoorDash, Inc. (DASH)
Company Research
Source: TechCrunch
But starting today, the pair told TechCrunch in an exclusive interview, the San Francisco-based corporate credit card and expense management company is shifting to a more traditional — and what they say should be a more agile — model of just one CEO at the helm. Franceschi will become the sole CEO while Dubugras will become chairman of Brex's board. In an in-depth conversation, the two co-founders gave us a peek into what the new structure will look like, the company's current state of finances and how it has managed to reduce its cash burn. The close friends started working together as co-founders of another startup, Brazilian payment processing startup Pagar.me, in 2012 at the wee age of 16 years old. (That company ended up getting acquired by Stone Pagamentos for “tens of millions of dollars” — before the two had even gone to college.) While both founders could code, they quickly realized that Franceschi was the “better coder.” Rather than having one person manage a part of th
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DASH
Earnings
- 5/1/24 - Beat
DASH
Sec Filings
- 6/21/24 - Form 8-K
- 6/11/24 - Form 4
- 6/11/24 - Form 4
- DASH's page on the SEC website