This Week in Startups
Jason Calacanis covers startups, tech, markets, media, and all the hottest topics in business and technology. He also interviews the world’s greatest founders, operators, investors, and innovators.
What Ramp’s data tells us about AI, unemployment and more with CEO Eric Glyman | E2192
In this episode, the discussion kicks off with hedge fund speculation and Trump's tariff announcement, exploring their effects on the market and cryptocurrency reactions. Eric Glyman, CEO of Ramp, joins to provide insights into the SaaS market and how Ramp leverages data to drive expense reduction and financial automation through AI. The conversation delves into AI's impact on employment, static team sizes, and the evolution of the job market. The episode also covers SaaS revenue expectations, corporate expense policies, and Ramp's agent adoption. In addition, the YC handshake deal controversy and alternatives to YC are examined, alongside a tribute to leadership values exemplified by Dave Goldberg.
Key Points
- A large short position in the crypto market, allegedly linked to a hedge fund manager, raised suspicions of insider trading following a significant market drop triggered by a Trump announcement on Chinese tariffs.
- The crypto market remains highly susceptible to manipulation due to its global, largely unregulated nature, allowing for unprecedented market movements and insider trading opportunities.
- Eric Glyman of Ramp discussed how AI and automation are transforming business operations, emphasizing the importance of leveraging AI to reduce costs and increase efficiency, rather than relying solely on traditional rewards and points systems for corporate spending.
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Transcript
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