I built a billion dollar company in 18 months
About This Episode
Sam Parr interviews Eric Glyman, the co-founder of Ramp, to discuss how the company achieved a billion-dollar valuation in just 18 months and a 100 million dollar revenue run rate shortly after. They explore the mechanics of the credit card industry, the history of banking innovation, and the specific hiring and organizational philosophies required to maintain extreme velocity.
Episode Description
Show Notes
Links
Check Out Shaan's Stuff
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- Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!
- Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC
Check Out Sam's Stuff
Key Takeaways
Design for extreme velocity by breaking down massive goals into aggressive micro-milestones, such as securing banking approvals within 60 days of incorporation.
Target legacy industries with 'boring' business models where the fundamental product hasn't evolved in decades, then use software to abstract away administrative 'paper cuts.'
Hire for 'joy in craft' and surround yourself with operational specialists who can triage the 90% of issues that a visionary founder might overlook.