"Companies are scaling faster today than at any point in history. Over at famed investment firm Andreessen Horowitz, they have dubbed this period "The Great Expansion." "Companies are going from zero to millions of users and surpassing $100M ARR [annualized recurring revenue] in less than two years-a growth trajectory unheard of before AI," a16z's Olivia Moore wrote last week. One of the best examples of a startup with bonkers growth is corporate credit-card company Ramp."
"It has been hyperscaling since its inception; it was the fastest New York startup to ever reach billion-dollar unicorn status, hitting that mark within two years of its 2019 launch. At that time, it was on a $10 million revenue run rate (yes, that's quite a high multiple on revenue). One year later, Ramp's revenue run rate jumped to $100 million. Recently, the startup announced exclusively in Fortune that it had surpassed $1 billion in annualized revenue."
Companies are scaling faster than ever, a phenomenon labeled "The Great Expansion" by Andreessen Horowitz. Startups can now go from zero to millions of users and surpass $100M ARR in under two years, a trajectory attributed to AI. Ramp exemplifies this acceleration: launched in 2019, it reached unicorn status within two years, moved from a $10 million revenue run rate to $100 million within a year, and recently surpassed $1 billion in annualized revenue while achieving a $22.5 billion valuation. Ramp's CEO Eric Glyman emphasizes continuous learning, mentorship from tech leaders, deliberate delegation, and mentally preparing to be replaceable as leadership principles for scaling.
Read at Fortune
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