The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 13 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 1 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Noah Kagan: Brex and Ramp are overvalued $10B branded credit card companies
“I think some of the stupidest companies that are big that I don't get is like Brex or Ramp. They're like credit card branded companies that are like ten billion dollars.”
Puri: William Hockey self-funded banking platform Column to $200M in revenue
“He actually bought a bank for, I think, sixty million dollars of his own money, and then he started this and he basically uses it as a the underlying bank under Mercury, under Ramp, under Brex, under all these companies, and so he and I think they're doing, th…”
Glyman: Ramp had 100 to 200 employees at $100M in revenue
“Somewhere between a 102 hundred, maybe 200.”
Ramp hit an $8.1B valuation before crossing $100M in annual revenue.
“By the end of 20, 21 again, I think the multiples really hadn't changed too much, but the company ended with an 8.1 billion dollar valuation. And we were coming up to, but hadn't yet crossed a hundred million a year in revenue.”
Ramp doubles yearly, holding 1.5% of the US corporate card market.
“We're still just about doubling each year at enormous scale. I think we are one and a half percent ish of the corporate and small business card market in the US.”
Ramp scaled from $1M to $100M in revenue in under 17 months.
“I want to say like 15 to 17 months from a million to a hundred million.”
Tiny Incubated Software Negotiation Service Buyer for $50,000 Before Selling to Ramp
“When we started buyer, which is our negotiation service for software that we launched two years ago and we ended up selling it to ramp. So I think we started that business for 50 K”
Buyer launched for under $100K and sold to Ramp within a year
“So we start this business called buyer. We go 50, 50 on it. I promote it and talk about it, given the rails and accounting and stuff. And we literally, I think we started it for like 50 or a hundred grand and we sold it to ramp about maybe six months ago now f…”
Ramp targeted 10% weekly growth early on, 20% monthly at scale.
“We had set goals that we wanted to grow the company 10% a week. You know once you get the scale, 20% a month.”
Glyman keeps all of his personal stock holdings concentrated in Ramp.
“All my stock is in ramp. It's just a certificate.”
Glyman regularly overhauls his calendar to prioritize tasks he enjoys.
“And I pretty, pretty regularly try to go and like blow up my calendar and be like, all right, I actually love doing this thing. Am I spending any time on it? No. And I promise if you spend too many weeks in a row doing something you hate you're going to be mis…”
Glyman: Ramp exceeds 1,100 employees, onboards up to 50 hires biweekly
“I mean, now we're over 1100 people. There can be single, you know, two week periods when we have 40 to 50 people that start.”
Ramp acquired Buyer.co, a 'negotiating-as-a-service' startup taking a percentage of savings
“There's this company called buyer.co and my friend started it and it was called negotiating as a service and they would negotiate anything on your behalf and take a percentage of the savings and the company sold to ramp.”