Today, Ramp announced that it raised $750 million -- $200 million in equity and $550 in debt -- at an $8.1 billion valuation from existing investors, led by Keith Rabois at Founders Fund. Not Boring Capital participated. It also hit $100 million in annualized revenue just two years after launching.

For this piece, Ramp's co-founders Eric Glyman and Karim Atiyeh let me peek behind the curtains to help understand what Ramp is building and how. I think that they have a Google-sized opportunity in front of them.

You can read the full piece at Not Boring.

Thanks to today's sponsor, Masterworks, the best place to invest in world-class art without needing a world-class bank account.

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Weekly Scrap #241 - Mike Greco, bringing brutal honesty