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My First Million

I built a billion dollar company in 18 months

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.82.7K Ratings

🗓️ 20 August 2025

⏱️ 52 minutes

🧾️ Download transcript

Summary

Want to research million-dollar opportunities like Eric did with Ramp? Get Sam's Company Research Playbook: https://clickhubspot.com/kbf Episode 737: Sam Parr ( https://x.com/theSamParr ) sits down with Eric Glyman ( https://x.com/eglyman ) about how he built a unicorn in less than 2 years. — Show Notes: (0:00) $100M in 18 months (4:13) The Ramp business model (8:58) Moving fast (15:29) IDEA: Manufactured homes (18:24) IDEA: Creator credit card (21:51) The crazy history of credit in America (28:15) Building a 100-year company (31:20) Favorite business biographies (40:03) Auditing your weaknesses — Links: • Ramp - https://ramp.com — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • 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: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

Transcript

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0:00.0

Can you build a billion dollar company in only 18 months? Today's guest, his name is Eric Lyman.

0:06.1

He's a buddy of mine who started a company called Ramp. And him and his co-founder, they asked

0:10.2

themselves this question before they started the company. They wanted to get to a billion dollar

0:14.1

valuation in only 18 months and they reverse engineered it. And I'd heard him tell this story

0:19.2

before, but he didn't really like give a lot of details on it. And I thought it was tell this story before, but he didn't really, like, give a lot of

0:21.5

details on it. And I thought it was amazing. The fact that they were this bold and then they

0:25.8

actually pulled it off. So the company is worth something like $20 billion now. And they're only,

0:30.2

I think, six years old. And so give this episode a listen. Let me know what you think. Again,

0:35.3

Eric Alignment of Ramp is on today's episode of My First

0:37.8

Million.

0:38.2

I feel like I can rule the world. I know I could be what I want to. I put my all in it like no days off on a road. Let's travel. Never look at you back. I said something that was like pretty crazy. It was I want to get, I want to build a billion dollar company in 18 months. 18 months.

0:34.0

Yeah.

0:34.6

And that was kind of shocking because that's like great.

0:37.9

I mean,

0:38.1

that's great. crazy. It was, I want to get, I want to build a billion dollar company in 18 months. In 18 months, yeah.

0:51.4

And that was kind of shocking because that's like great. I mean, that's crazy fast. Is that really what happened? You guys had that conversation? Yeah, that's a real conversation. That you guys didn't have you and cream, were you on the same page? We, we wanted to go fast for sure. You know, I think that the world was moving fast than ever. We had already sold the first company.

0:53.4

And we were definitely, like neither of us came for a whole lot.

0:55.9

We were comfortable. And, you know, I think even at the time, it had already proven a couple things out. And, you know, in some sense had left. Like, I was, I was a 26-year-old, you know, senior director of Capital one, I think it was like the youngest person at that age. Like we left very good setups.

1:37.1

And so we knew that if we wanted to leave, we wanted to go and make this company big and either make it huge quickly or fail really quickly.

1:43.1

And so, yeah, Kareem really did have that conversation. I think he had it with Calvin, who, you know, later he cracked me up.

1:46.0

I think when we finally did become a billion dollar company, and it did occur in, in 2021. And so it was less than two years from

1:53.7

incorporation of the company. No shit. Wait, two years after incorporation. Yeah.

...

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