#58: Alex Bean - Co-Founder & CBO of Divvy - $1.6Bn Valuation, 350 Employees, and 9000 Customers in 5 Years

Topics: The problem with exchanging time for moneyHow Divvy was born from a frustration of expense reportsWhat 6 months of fleshing out an idea looks likeWhy pitching your friends is a bad idea.Building the first real-time expense management platformHow unconventional methods can go a very long wayCustomer acquisition strategies and what worked for DivvyWhy you shouldn't hire C-level executives early on and focus on niche experts.Why starting a company is a lot like starting a new sportHow Alex is still doing demo for demo's at DivvyAnd finally, why shouldn't read business books from cover to cover.Alex Bean is the co-founder and Chief Business Officer of Divvy, the #1 corporate card & expense management platform that has raised over $417M dollars and was last valued at $1.6Bn. The company was started in 2016 so this has been done in 5 years which is quite astonishing and today they have 350 employees and 9,000 customers all over the U.S.Prior to Divvy, Alex ran sales and marketing for companies such as Surge, Fresh Consulting, and Lucky Scooter Parts. He's got a bachelor's degree in Global Studies from Brigham Young University.Recommended Books: Endurance, Over the Edge of the World, Into Africa, Shadow Divers, Strong Fathers, Strong DaughtersWebsite: https://getdivvy.com/LinkedIn: https://www.linkedin.com/in/alexbean/ 

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The Venture Brief is a place for founders, venture capitalists, and entrepreneurs striving to gain an insight into the minds of the best in the business. We do not so much care about the success itself, but rather about the principles, habits, values, and thoughts of the ones who contribute the most. We get personal; unveiling, decoding, and demystifying the people who we thought to be superhuman. We bring a holistic point of view of what the entrepreneurial landscape looks like, and we take you on a journey that will provide you with glimpses of what the future holds.