Ramp valued at $32B is a joke. Hopefully this sets a realistic benchmark for val...

echelon · 2026-01-22T23:46:42 1769125602

If Ramp is getting all the business, is there any reason to think they wouldn't command a much higher valuation?

Brex killed a ton of their customer relationships to "refocus" on larger biz. That created a lot of negative sentiment for the brand.

> All Ramp did was spend more on ads and marketing

That's distribution. It matters.

Ramp has a much more synonymous name, better recognition, and less bad reputation.

another_twist · 2026-01-23T10:01:54 1769162514

Distribution is king. Kudos to Ramp for that. My weird thesis is that for whatever reason Ruby on Rails shops just seem to survive more. I wonder if someone did a stack specific survival rate analysis.

okhobb · 2026-01-23T12:43:11 1769172191

Pretty sure Ramp uses Elixir.

srpablo · 2026-01-28T18:30:03 1769625003

Ramp is mostly their Python monolith. They have a blog post about their use of Elixir for one service but it's really not their core stack.

Brex was a lot more all-in on Elixir, including being one of the languages "stars," but moved to a more conventional stack (IIRC Java/Drop wizard microservices with Kafka to talk between them).

krrishd · 2026-01-23T19:35:06 1769196906

Ramp is (mostly) a Flask monolith with some sprinkles of Elixir at the very edges where sub-second performance matters.

another_twist · 2026-01-23T18:14:07 1769192047

the Ruby on Rails of Erlang, I guess. Maybe we just generalize the thesis to - the stack must be the ruby on rails of X language.

okhobb · 2026-01-24T00:03:18 1769212998

I'll give that and agree the underlying is a quibble.