Glyman: Ramp repriced its valuation down from $8.1B to $5.8B
Eric Glyman · Ramp's CEO Eric Glyman reflects on the journey to $13 Billion and their exciting future · Mar 6, 2025 · at 7:30
Eric Glyman explains how Ramp proactively went to market to reprice its valuation down from $8.1 billion to $5.8 billion to fairly compensate employees.
0:00 / 0:11exact quote · 11.5s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“In December, 20, 21, we valued ramp at 8.1 billion. Today we actually think it's going to be a way bigger company and the value is 5.8 billion. And we said, great, let's do it.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Eric Glyman
Glyman: Some Ramp job interviews cannot be passed without using LLMs
“There are some job functions at ramp where it is actually not possible to pass it like an interview or a coding interview without using an LLM. And that's intentional.”
Glyman: Many startups have not marked to market, stranding employee equity
“I still think a lot of companies haven't taken their medicine. They actually haven't just marked it to market. And I think that a lot of employees who've been working hard probably are still underwater.”
Glyman: Ramp raises $500M at $22.5B valuation
“We raised five hundred million dollars at a 22 and a half billion dollar valuation.”
Glyman: Ramp AI agent delivers 15x throughput at 99% accuracy
“These companies were able to get 15 times more work done. Transactions categorized. But the more interesting part is these agents were way more accurate. These agents all day, like they know the expense policy better than any manager at the company. And so it …”