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Goldman Sachs Exchanges

Navigating Macro Headwinds: A Conversation With the Founders of Brex and Chief

Goldman Sachs Exchanges

Goldman Sachs

Business

4.41K Ratings

🗓️ 25 October 2022

⏱️ 23 minutes

🧾️ Download transcript

Summary

What’s top of mind for exceptional entrepreneurs? In the latest episode of Exchanges at Goldman Sachs, Goldman Sachs’ Kim Posnett, global head of Investment Banking Services, sat down with two company founders — Henrique Dubugras, co-founder and co-CEO at Brex and Carolyn Childers, co-founder and CEO at Chief — to discuss their founder journeys, how their businesses are adapting to a challenging macro environment, and what they are most optimistic about for their futures. The episode was recorded at the firm’s annual Builders and Innovators Summit.

Transcript

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0:00.0

This is Exchanges at Goldman Sachs and I'm Allison Nathan a senior strategist in Goldman Sachs research

0:05.7

Today we're sharing a conversation with two founders

0:08.8

Carolyn Childers and Enrique Dubagross on their founder journeys, how they're adapting to a

0:14.4

challenging macro environment, and what they're most optimistic about for their

0:18.1

futures. Carolyn Childers is a co-founder and CEO of Chief, a private women's network that's built to drive more women

0:25.2

into positions of power, and Enriki Dubagras is the co-founder and co-ce CEO of Brex, an integrated

0:31.5

corporate card and spend management solution.

0:34.0

Carolyn and Enrique set down with Kim Posnett, Global Head of Investment Banking Services,

0:38.4

at our 11th annual Builders and Innovators Summit, which brings together emerging and seasoned entrepreneurs across a diverse

0:44.8

set of industries.

0:46.1

We hope you enjoy it. Welcome guys, thank you for doing this.

0:55.0

First of all, congratulations to both of you on your successes.

1:00.0

Let's start with the basics.

1:02.0

Why don't you both tell us about what each of your businesses does and why your customers choose you?

1:06.0

Carolyn, why don't we start with you?

1:07.0

Sure. So Chief is building the most powerful network of women and we're a membership-based model where women join and they get access to a

1:16.4

suite of services. The primary thing that we do is what we call core. It is a peer group model. You meet

1:22.1

on a monthly basis, there's an executive coach in the room. So you're truly working through the hardest professional and personal challenges. But outside of that, there's a whole suite of services. You can tap into the entire network to crowd source for resources. We have

1:34.6

physical spaces, but really our whole mission is to unlock the potential of all of the women

1:40.8

leaders in the world. Brex, we do corporate cards and spin management softers that your teams actually love.

1:47.0

And a very easy way to explain it is we do a corporate card and reimbursements that does your expenses for you. So instead of having to keep

1:54.2

filling in all your expenses all the time and doing them if you just use a Brexit card

...

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