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The Crossroads of Special Operations

Tuesday, August 3, 2021

How Two Stanford Dropouts Built a $2.6 Billion Company In Just Two Years |  Entrepreneur

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While most elementary school students spend hours playing in the park with friends, Brazilian wunderkinds Pedro Franceschi and Henrique Dubugras had a different pastime: coding. Pedro was the first to jailbreak the iPhone 3G and the first to build software to make Apple’s Siri virtual assistant speak in Portuguese, while Henrique was just 12 years old when he started coding and programming video games for himself.

The two met on Twitter, which was the beginning of a successful working relationship spanning multiple ventures. When they were just 16 years old, they started Pagar.me, Brazil’s first developer-friendly payments processor, raised $30 million for it and employed a staff of over 100 before selling the company and starting college at Stanford University. After eight short months at Stanford, they dropped out and started Brex, a startup that issues corporate cards to tech startups. In just two-and-a-half years, Pedro and Henrique grew Brex into a unicorn, as the company’s latest fundraising round values the company at a whopping $2.6 billion.

Source: How Two Stanford Dropouts Built a $2.6 Billion Company In Just Two Years |  Entrepreneur

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