Fortune 500: Titans and Disruptors of Industry How Ramp's Eric Glyman Built a $22.5 Billion Startup in 2,367 Days
Sep 18, 2025
In this engaging conversation, Eric Glyman, CEO and co-founder of fintech powerhouse Ramp, shares insights on building a startup valued at $22.5 billion in just under 2,400 days. He explains how Ramp's novel business model flips traditional corporate card incentives to benefit customers. Glyman discusses the importance of speed in achieving growth and reveals how AI plays a crucial role in automating expenses and enhancing fraud detection. This blend of innovation and urgency fueled Ramp's staggering revenue growth and investor interest.
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Growth Velocity Drives Valuation
- Ramp's valuation surge stems from combining rapid velocity with large scale and positive cash flow.
- Eric Glyman highlights market size and growth rate as the core drivers of investor excitement.
Manifesting A Unicorn With A Day Counter
- Glyman and cofounder Kareem set an 18-month unicorn goal pre-launch and tracked days obsessively.
- That tempo culture became literal: Ramp counted 2,367 days to instill urgency and focus.
Reinventing Card Incentives Around Savings
- Ramp flipped card incentives to align with customers by helping them spend less rather than rewarding more spending.
- Glyman argues competing on customer value beats competing on price or rewards giveaways.
