How Many Opinions Does It Take To Hit The $100m Arr Club?

In a world of talking points and corporate jargon, opinions are refreshing — and Expensify CEO and founder David Barrett is full of them. One of his earliest lessons in life, for example, was that basically everyone is wrong about basically everything. If instilling that at a young age doesn’t force you to become an entrepreneur, I don’t know what does. Barrett’s ethos has, as reporter Anna Heim puts, led to Expensify having “its own take on almost everything” from hiring without job titles and resumes, to going distributed before it was cool, to having an almost non-existent sales team. And before you roll your eyes at the unconventional, here’s a factoid for you: Today, the 130-person expense management business has reached more than 10 million users and hit $100 million in annual revenue. Heim has spent months working on the Expensify EC-1 to connect dots and give us a full picture into an anything-but-conventional company as it heads toward an IPO.

BING NEWS:
  • After surpassing $100M in ARR, Harness grabs a $150M line of credit
    Harness announced a $150M debt round, essentially a line of credit for the developers tools startup, which recently surpassed $100M ARR.
    05/14/2024 - 4:56 am | View Link
  • After surpassing $100M in ARR, Harness Labs grabs a $150M line of credit
    Harness announced $150 million in debt financing, essentially a line of credit that the company can draw on as needed. It’s worth noting that the company took another round of debt financing of $55 ...
    05/14/2024 - 1:00 am | View Link
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