Rory Driscoll

You're raising the third one, which to me is the interesting one.

The CEO of Ramp did a fairly classy post.

It's like, hey, congratulations.

He had sold a company to Capone.

It wasn't awful, right?

The Founders Fund guy did a dance on your grave post.

It was a dig, but it wasn't the top.

Perhaps, as is so often the case in America today, I'm judging quality by the opposition.

The Founders Fund did a straight dance on your grave.

If I'm a ramp, you know, from an operator, I mean, the two things are true here, guys.

From an operational perspective, this is further validation that quote unquote, I've won.

I started later and I'm doing a billion.

They started earlier.

They're doing 700 million.

Good news.

You've won.

But the bad news that you just can't ignore with a tweet is when real money decided not to buy 2% of this thing in a secondary sale, but to actually write a check for the asset, they said, we're going to multiply by seven, right?

And if you multiply Ramp's billion dollar run rate by seven, you get 7 billion.

Now, they're growing faster than ramp, maybe double it, 15.

What it points to is, we live in this crazy land of VC valuations where they're made once a year, when only one person buys, no one can subsequently sell.