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How Expensify shed Silicon Valley arrogance to realize its global ambitions
Image Credits: Nigel Sussman
Expensify may be the most ambitious software company ever to mostly abandon the Bay Area as the center of its operations.
The startup’s history is tied to places representative of San Francisco: The founding team worked out of Peet’s Coffee on Mission Street for a few months, then crashed at a penthouse lounge near the 4th and King Caltrain station, followed by a tiny office and then a slightly bigger one in the Flatiron building near Market Street.
Thirteen years later, Expensify still has an office a few blocks away on Kearny Street, but it’s no longer a San Francisco company or even a Silicon Valley firm. The company is truly global with employees across the world and it did that before COVID-19 made remote working cool.
Daily Crunch: Before the pandemic, Expensify made remote work cool and profitable
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Welcome to Daily Crunch for May 25, 2021. Whether you are a developer, a startup fanatic or merely someone with wanderlust, we have something for everyone today. Well, except for disappointed investors in Lordstown Motors. They are stuck holding the bag today after the American electric vehicle company announced a pretty awful set of earnings.
But for the rest of us, there’s quite a lot of tech and startup news to enjoy. Let’s get to it! Alex
Daily Crunch: How Expensify maintained its early-stage startup culture after 13 years
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As summer kicks into gear, the IPO market is mimicking the season by cranking up its temperature. Today, TechCrunch explored the IPO filings from venture-backed Marqeta and software startup WalkMe. Squarespace direct lists later this week, along with public debuts from Oatly and Procore on Thursday. All this is great news for late-stage startups and their backers. Not to mention lots of tech workers around the world.
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