Eric Siu compares Ramp at $22B to Brex at $3.4B, arguing execution is what separates them. He credits Ramp's founders with better sales discipline and product quality, showing why two similar fintech companies can have vastly different valuations.
The difference between a $22 billion startup versus a $3.5 billion startup. So 2 credit card companies, different stories over the last 5 years. $3.4 billion company Brex over here, and then you have Ramp, $22 billion. So it says over here in this tweet from Teddy, the valuation gap between Ramp and Brex is a sobering reminder that execution is all that matters and the job is never finished. And I met the founders of, of Ramp, super nice people, very humble, but I think the Brex people They were very sales-focused, but Ramp, from what I've seen, they've just executed better. And they have, from what I've seen, their engineering, their product is just better.
