4.8 • 2.7K Ratings
🗓️ 20 August 2025
⏱️ 52 minutes
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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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