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Brex - not Brexit - is the shape of things to come

There are a lot of discussions on LinkedIn about the Brex duo - two 22-year olds who built a unicorn in less than two years.

“Young and inexperienced, did not invent anything new, there are thousands of similar products, etc”. Well, it’s not that simple anymore.

Anyone can get a dictionary with thousands of words. Very few people can use those known words to create the next “Harry Potter”.

When it comes to creation, it’s the film director (product owner) who drives the process and largely determines the success of a movie, not the film crew (tools and technology).

Look at Revolut. Or Robin Hood. Or even Uber. Did they invent anything? Hardly. Did they make something that didn’t exist before? Not really. Did they create something of value and something that a lot of customers really like? Absolutely!

Then there is a question of perception and perspective. Young and inexperienced or fearless, smart and not bound by the legacy mentality? Another average copycat or a Hollywood blockbuster based on a popular plot?

As for the valuation, beauty lies in the eye of the beholder. The legendary iconic Time Magazine is worth just 1/30th of a stock trading app. Go figure.

 

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Comments: (1)

Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune 16 October, 2018, 16:131 like 1 like

Whenever I say valuation lies in the wallet of the investor, most people look askance. Good to know someone else shares that same belief! 

Alexander Peschkoff

Alexander Peschkoff

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