20VC: Mercor: From $1M to $500M in 17 Months: The Fastest Growing Company in the World | How to Think About Margins and Revenue Sustainability in AI | Why Evaluation Benchmarks in AI are BS Today with Brendan Foody

We were already at a 9 figure revenue run rate, and the company quadrupled since the the Scale acquisition. We scaled the business from 1 to 500,000,000 in revenue run rate in the last seventeen months, which is the fastest revenue growth of all time, one month faster than Cursor's time from one to 500. We have the demand to, like, double overnight if we can meet capacity. Aural environments will subsume the entire economy. This is 20 VC with me, Harry Stebbings, and today we have the fastest growing company in history on the show. So they've scaled revenue from 1,000,000 to 500,000,000 in just seventeen months. Their business has quadrupled since SCALE was acquired. This is an insane story, and I'm thrilled to welcome Brandon Foodi, cofounder and CEO of Mercur to the hot seat. Now I did not pull any punches in this show. Brandon was amazing answering some very direct questions here. This one was fantastic. But before we dive into the show today, I love seeing the team come together to make this show happen. What I don't love is trying to keep track of all the information, the data, and the projects that we're working on across dozens of platforms, products, and tools. That's why we use Coda, the all in one collaborative workspace that's helped 50,000 teams all over the world get on the same page. Offering the flexibility of docs with the structure of spreadsheets, Coda facilitates deeper teamwork and quicker creativity. And their turnkey AI AI solution, the intelligence of Coda Brain, is a game changer. Powered by Grammarly, Coda is entering a new phase of innovation and expansion, aiming to redefine productivity for the AI era. Whether you're a startup looking to organize the chaos while staying nimble or an enterprise organization looking for better alignment, Coda matches your working style. Its seamless workspace connects to hundreds of your favorite tools including Salesforce, Jira, Asana, and Figma, helping your teams transform their rituals and do more faster. Head over to coda.io/20vc right now and get six months off the team plan for startups for free. That's coda, coda.io/20vc and get six months off the team plan for free, coda.io/20 vc. And talking about precision, that's exactly gritty challenges that founders face daily. Let's be honest. Building something from the ground up is hard enough without dealing with clunky outdated banks that pile on fees and leave your cash idle. Brex is different. It's the financial stack that scales with you no matter where you are in your journey. From corporate cards to maximizing your runway to earning yield on your cash, Brex was designed with founders in mind to make every dollar go further so you can focus on building. And here's what really stands out to me. Brex combines the best of checking, treasury, and FDIC insurance in one powerhouse account. You can send and receive money globally at lightning speed, earn yield from day one, and still access …