Comment by yalogin
12 hours ago
Wow why did it go for so much less than the last valuation? Is the overall market turning bad or is it just a Brex thing?
12 hours ago
Wow why did it go for so much less than the last valuation? Is the overall market turning bad or is it just a Brex thing?
Investors will only invest in AI plays. They don’t seem to care for fintech.
Probably true, but our fintech still gets tons of unsolicited emails from growth equity shops. I don't respond because as you mentioned this sector is out of favor, and as such the multiples are not worth my time.
thats just top of funnel, the instant you respond the terms start to become very very unfriendly
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...and Blockchain!
Was this ever a thing?
I know individual investors get pretty crazy for blockchain, but I don't recall any major companies doing big investments.
At most, I was asked about it briefly, explained what the usecases were, and it never came up again.
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