Listen to the original at Lenny’s Podcast ↗lennysnewsletter.com
By Lenny Rachitsky · with Sri Batchu · lennysnewsletter.com · @lennysan on X · YouTube · LinkedIn
Sri Batchu, head of growth at Ramp and previously at Instacart and Opendoor, discusses how Ramp grew so quickly, including its growth team structure, tech-driven channel efficiency, and metric frameworks. The conversation also covers velocity culture, north-star and payback-period metrics, experimentation design, and hiring.
01Key learnings
- Sequence B2B growth roughly as founder-led sales, first salespeople, low-cost targeted marketing like content and community, then PR, with paid, brand, and SEO efforts following.
- Use early investor and founder relationships as a growth channel: getting influential operators onto the cap table can drive word of mouth among customers.
- Make every growth channel driven by technology and data, such as dedicated growth engineers automating sales workflows and improving prospect targeting.
- Give growth engineers ownership of pipeline and payback-period goals rather than only product metrics, so they choose high-impact projects bottom-up.
- Pick one or two simple north-star metrics and translate each team's metric into that common currency to make cross-team prioritization easier.
- Measure success with payback period on contribution margin instead of CAC or LTV/CAC, since LTV is hard to predict early and CAC can reward lower-value customers.
- Design B2B experiments to fail conclusively by maximizing the treatment effect with many tactics at once, since small samples make clean tests hard.
- Hire slower and use network or data-driven sourcing from companies one or two stages ahead, and reward top operators with disproportionately higher pay.
“The reason for the progression the way I've described it is the channels get more expensive as you go farther along and they get more…”Sri Batchu · Lenny’s Podcast · 00:00:00
“What actually matters is culture and rituals and cadences rather than the team itself.”Sri Batchu · Lenny’s Podcast · 00:31:35
“Failure is not that you didn't drive revenue, failure is not learning.”Sri Batchu · Lenny’s Podcast · 00:52:59
02Frameworks mentioned
Summary and takeaways written by PM Atlas; quotes are short excerpts. © the original author.