Tuesday, October 1, 2024

20VC: The Memo: Keith Rabois and Ramp’s Eric Glyman on Behind The Scenes at The Greatest Run Personal Firm on the Planet; The Instruments, Suggestions, Secrets and techniques and Course of That Drive Effectivity

Posted on third Might 2024 by Luca

Eric Glyman is the Co-Founder and CEO of Ramp, America’s quickest rising company card and finance automation platform. Below Eric’s management, Ramp has raised greater than $1 billion in financing, with a valuation of $8.1 billion. Previous to Ramp, Eric co-founded Paribus, a price-tracking app to assist shoppers lower your expenses (acquired by Capital One). Ramp just lately raised one other $150 million collection D spherical co-led by Founders Fund and Khosla Ventures, with a post-money valuation of $7.65 billion.

Keith Rabois is a Managing Director @ Khosla Ventures and probably the most revered enterprise buyers of the final decade. Keith has led investments in Stripe, Faire, Ramp, Affirm and plenty of extra. Previous to Khosla Ventures, Keith was Common Companion at Founders Fund, the place he led investments for Ramp, Commerce Republic, and Aven. 

In In the present day’s Episode with Eric Glyman and Keith Rabois We Talk about:

1. Behind Ramp’s Partnership with Founders Fund & Khosla Ventures

  • How did the primary Founders Fund deal come to be? How was the primary assembly?
  • What does Keith imply when he says Ramp has the “secret sauce” to achieve success?
  • What are 1-2 issues Keith thinks Eric is world class at? What are 1-2 issues Eric thinks Keith is world class at?
  • How did the most recent Khosla deal come to occur?

2. Ramp: The Quickest Executing Firm on the Planet.

  • How is Eric so good at executing at Ramp? What’s his greatest recommendation to founders on velocity of execution?
  • What are Eric’s greatest challenges within the subsequent 12 months at Ramp?
  • Why does Keith consider momentum is essential for early stage startups? What are some straightforward methods founders can construct momentum?
  • How does Eric assume AI will speed up Ramp and the world of finance?

3. Management Classes From the Greatest Founders 

  • What are Keith’s greatest classes from Brian Chesky @ Airbnb?
  • What did Keith study from Jack Dorsey @ Sq. about management?
  • What does Eric assume founders at the moment ought to construct? What ought to they not construct?
  • What did Eric study from Keith on how founders ought to measure time & progress?

4. Hiring & Crew Administration

  • How did Ramp construct a strong expertise group? What did they do otherwise?
  • Does Keith & Eric consider it’s higher to rent externally or promote internally? What’s the proper steadiness?
  • Does Keith agree founders ought to rent & get out the way in which or micromanage?
  • What number of direct studies does Keith assume is sufficient?

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