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Expensify S-1

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31–40 of 123 posts

Re: Expensify S-1

#31

When my startup was acquired, we had to migrate from using Expensify to some god-awful corporate nonsense (SAP Concur). Lord, how I miss Expensify. It was the epitome of intuitive. It makes me sad that Expensify was not a first-mover in this space. Once SAP or whatever garbage-ware gets baked into corporate enterprise architecture, it takes an act of God (or equivalently the CTO's dedicated focus) to replace it.

wrong POV. for each individual user, the increased aggravation is tolerable. For the corporate controller, at megacorps you [apparently] need to use concur and the like. at the level of megacorp, financials must be correctly stated, auditable, and so forth. kind of like security. why can't you just _trust_ your users to set a strong password and have a screen saver iff they are in an environment where it's helpful? i…

we use Concur (1500+ employees). not my cup of tea but the accounting people love it.

Re: Expensify S-1

#32

Earlier quoted context omitted.

wrong POV. for each individual user, the increased aggravation is tolerable. For the corporate controller, at megacorps you [apparently] need to use concur and the like. at the level of megacorp, financials must be correctly stated, auditable, and so forth. kind of like security. why can't you just _trust_ your users to set a strong password and have a screen saver iff they are in an environment where it's helpful? i…

we use Concur (1500+ employees). not my cup of tea but the accounting people love it.

Which is the classic startup story of you need to build your product for the user that is paying your bill. Even if that means subjecting the actual end users to misery…

Re: Expensify S-1

#33
post #25

I singlehandledly forced the replacement of Expensify at my company after some dodgy billing practices. They incrementally, yet substantially, raised our bill over a period of eight months with no notification to us whatsover. It was hard to detect because our bills were already variable values per month (based on active users). When I discovered the higher rates we were paying I reached out to support and they said…

It'd be nice to hear their version of this before I bother to get my butt off the couch and pick my pitchfork. The fact that fee increases weren't communicated because the OP was't subed to promo emails just doesn't smell right. As is the fact that it wasn't obvious from the actual billing statements.

Ps. I remember their CEO (David Barrett) back from the p2p-hackers mailing list days. He ain't one of them Zuckerbergs. The exact opposite in fact.

Re: Expensify S-1

#34
post #5

$50M in revenue on 130 employees seems quite remarkable, no? Not to mention they grew to $88M with the same headcount. Are they uniquely able to outsource a large number of functions? I've worked for firms with far less revenue and far greater headcount, and the road to IPO seemed inextricably dependent on orders of magnitude more headcount.

We're at $11M on 35 employees slinging physical stone slabs.

I'd expect a software company to be much higher on $rev/employee.

Re: Expensify S-1

#35
post #29

Earlier quoted context omitted.

> I still marvel that they've built such a big company around a SQLite fork. > Expensify is built on Bedrock - a private Blockchain-based data foundation atop a custom fork of SQLite This seems just that they use Bedrock, which itself is a blockchain data foundation (whatever that means I have not much idea), then that thing uses SQLite fork. For me this is more like someone uses ABSL or MYSQL. Not build around it, b…

That’s not totally fair, though, because Expensify created Bedrock. So it seems that a good bit of their engineering effort has gone in to this technology.

Yeah, from Bedrockdb.com:

>Bedrock was built by Expensify, and is a networking and distributed transaction layer built atop SQLite, the fastest, most reliable, and most widely distributed database in the world.

Re: Expensify S-1

#36
post #6

Expensify’s CEO sent a letter to every single person Expensify had an email for, even simple ground floor employees who just use the software to submit expenses an email prior to the 2020 presidential election. The CEO sent a long diatribe about how the election of Donald Trump would be the end of democracy as we know it, and it is imperative that Joe Biden is elected. I will never give this company a single cent aft…

Why?

Is it because you disagree with the political leanings of the CEO?

Is it because you don't think that corporations should express political biases?

If so, do you maintain a list of companies that you won't do business with based on corporate donations?

Is it because you disagree with a founder or CEO using the platform that their company provides them to amplify their voice?

Your comment is a condemnation of the action of the CEO without any specific concern raised about the action taken, and leaves one to conclude that you are a Trump supporter. That is also fine - the whole point of democracy is to allow people to choose who they vote for.

Re: Expensify S-1

#37
post #33
post #25

I singlehandledly forced the replacement of Expensify at my company after some dodgy billing practices. They incrementally, yet substantially, raised our bill over a period of eight months with no notification to us whatsover. It was hard to detect because our bills were already variable values per month (based on active users). When I discovered the higher rates we were paying I reached out to support and they said…

It'd be nice to hear their version of this before I bother to get my butt off the couch and pick my pitchfork. The fact that fee increases weren't communicated because the OP was't subed to promo emails just doesn't smell right. As is the fact that it wasn't obvious from the actual billing statements. Ps. I remember their CEO (David Barrett) back from the p2p-hackers mailing list days. He ain't one of them Zuckerberg…

> He ain't one of them Zuckerbergs. The exact opposite in fact.

I am not saying otherwise, just objectively speaking: money changes people.

Re: Expensify S-1

#38
post #6

Expensify’s CEO sent a letter to every single person Expensify had an email for, even simple ground floor employees who just use the software to submit expenses an email prior to the 2020 presidential election. The CEO sent a long diatribe about how the election of Donald Trump would be the end of democracy as we know it, and it is imperative that Joe Biden is elected. I will never give this company a single cent aft…

If you want to only use services where the company or its employees are not pushing any political agenda, I have some bad news for you.

Re: Expensify S-1

#39
post #11
post #6

Expensify’s CEO sent a letter to every single person Expensify had an email for, even simple ground floor employees who just use the software to submit expenses an email prior to the 2020 presidential election. The CEO sent a long diatribe about how the election of Donald Trump would be the end of democracy as we know it, and it is imperative that Joe Biden is elected. I will never give this company a single cent aft…

On the contrary this is exactly what I want to see from executives regardless of their political leanings. If they believe that something is a clear and direct threat to the business that they’re charged with running, they should have a fiduciary duty to speak up on it in whatever means they have available. Following that those receiving the message can decide to continue to support the business or not. But I’d rathe…

Well imagine if it were the other way around, a white supremacist is president and a CEO sends out letters praising that...

Re: Expensify S-1

#40
post #6

Expensify’s CEO sent a letter to every single person Expensify had an email for, even simple ground floor employees who just use the software to submit expenses an email prior to the 2020 presidential election. The CEO sent a long diatribe about how the election of Donald Trump would be the end of democracy as we know it, and it is imperative that Joe Biden is elected. I will never give this company a single cent aft…

Yes, I MUCH rather they try to swing elections by depositing large sums of cash into candidates' pockets
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