Kill The Expense Report: This Entrepreneur Built An $800 Million Business That Eliminates Office Busywork

. The five-year-old Lehi, Utah-based company sports some impressive numbers: It’s raised $257 million in venture capital at a valuation thatestimates at $800 million. Though it’s not profitable, it more than quadrupled 2018 revenue, generating more than $32 million in 2019. Murray and Bean, now both 35, have a combined stake in the business thatThere’s a prototype of the entrepreneur who is studying all the technology trends. . . . But that wasn’t Blake.

Unlike expense-reporting competitors Concur and Expensify, which charge a per-user, per-month fee, .“You can disrupt marketplaces very effectively with ‘free,’ ” says New Enterprise Associates managing partner Scott Sandell, who led the company’s most recent funding. “The traction they’ve gained in a short period of time is stunning.”

But Blake Murray was so annoyed by the pain of employee finances that he decided to do something about it. Bean was the perfect partner. They had been friends since sixth grade, they were, both were twins with small children of their own – and, crucially, Bean knew the software industry.

Thanks to Forbes - we get to know a real rising start-up...

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

I built a 7-figure business without an MBA — here's how - Business InsiderLuisa Zhou argues that not having an MBA was actually beneficial — and a big reason why she's made over a million in revenue in less than a year. BernieSanders AOC ewarren JoeBiden AndrewYang SpeakerPelosi PeteButtigieg MikeBloomberg You are asaian
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »

World's business leaders call climate change the biggest risk of the 2020s: WEF report'This is the year when world leaders must work with all sectors of society to repair and reinvigorate our systems of cooperation,' the World Economic Forum's president said.
Fuente: YahooNews - 🏆 380. / 59 Leer más »