What is Prospect?
When you decide which startup to join, you are making a VC decision, so you need VC-level data. At Prospect, we provide you with enterprise-grade insights into a startup's equity potential. Prospect combines data directly from Ramp (such as revenue and revenue growth) with a model we trained on the same public data top tier investors use (such as investors, founder backgrounds, and headcount growth) to give you an independent third party projection of what your equity is likely to be worth. This enables you to make an informed decision and ensure that your career moves align your financial aspirations. We hope this guide empowers you to take your next career step backed by expert analysis and foresight.
Learn more about ProspectAbout Ramp
The Pitch
Ramp is an all-in-one platform for finance teams. It combines corporate cards, expense management, bill payments, vendor management, and accounting automation to save teams time and money. This is a very large market–American Express is a $133 billion company.
The Ramp founders, Eric and Karim, sold their last company to Capital One so they know the space well. Ramp has top tier traction across important metrics like revenue growth and is backed by best in class investors like Founders Fund and Redpoint Ventures.
As the 5 year old company approaches 700 employees, you would be signing up for an attractive risk-reward tradeoff: derisked, as it is post product-market fit, but early enough that you will likely experience a few years of private growth before an IPO. Ramp is building a team with a strong density of talent–they are in the top quartile of Prospect’s talent model.
The Ramp founders, Eric and Karim, sold their last company to Capital One so they know the space well. Ramp has top tier traction across important metrics like revenue growth and is backed by best in class investors like Founders Fund and Redpoint Ventures.
As the 5 year old company approaches 700 employees, you would be signing up for an attractive risk-reward tradeoff: derisked, as it is post product-market fit, but early enough that you will likely experience a few years of private growth before an IPO. Ramp is building a team with a strong density of talent–they are in the top quartile of Prospect’s talent model.
Founders
Core stats
Employees
~1000
Valuation
$7.65B
Total funds raised
$1.15B
Year founded
2019
What is $1 of Ramp equity likely to be worth over the next 4 years?
Change projected valuation growth
2.9x
1.8x
25th percentile
3.4x
75th percentile
50th percentile
The area shaded in green represents Prospect's independent projection
While we work very hard to make our ratings as accurate as possible, we cannot make any guarantees about the information presented here. All estimates are for informational purposes only and should not be considered as financial, investment, or legal advice.
Rating
2.9x
Given Ramp’s stage, it's useful to look at comparable companies to understand the upside beyond our 4 year projection above. Here are some illustrative examples to show the size of the fintech market:
American Express
$164.5B
Square
$77.5B
Stripe
$65B
Progress
The VC Perspective: Ramp's most recent valuation should be seen in the context of a general downturn for startup valuations in 2023, which saw 4x as many down-rounds as 2021. This recent valuation means that Ramp's equity is far less likely to be inflated compared to startups' that haven't been re-valued in the new fundraising environment, especially given their revenue growth over the same period.
Life at Ramp
Top Previous Employers of the Ramp Team
Goldman Sachs
Meta
Uber
Company Culture & Values
Launch your career at Ramp. Join a stellar team built around mentorship, empowerment, and ownership. Grow without fear, Amp it up—these are just a few of the core values that shape us.
Benefits
- 100% medical, dental & vision insurance coverage for you; partial coverage for dependents
- One Medical Membership
- 401(k) including an employer match
- Parental Leave: 8 weeks bonding leave and 8 weeks birthing leave. Eligible parents can combine bonding and birthing leave for a total of 16 weeks of parental leave.
Press
Ramp raises another $150M co-led by Khosla and Founders Fund at a $7.65B valuationTechCrunch · April 17, 2024Contrary Research Report: RampContrary Research · Aug 13, 2023Eric Glyman - Reimagining Corporate FinanceInvest Like the Best · May 2, 2022Ramp Rated #1 on LinkedIn's Top Startups of 2023LinkedIn · Sep 27, 2023
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