The surge in mobile broadband data demands is expected to surpass the available spectrum capacity below 6 GHz. This expectation has prompted the exploration of millimeter wave (mm-wave) frequency bands as a candidate technology for next generation wireless networks. However, numerous challenges to deploying mm-wave communication systems, including channel estimation, need to be met before practical deployments are possible. This paper addresses the mm-wave channel estimation problem and treats it as a beam discovery problem in which locating beams with strong path reflectors is analogous to locating errors in linear block codes. We show that a significantly small number of measurements (compared to the original dimensions of the channel matrix) is sufficient to reliably estimate the channel. We also show that this can be achieved using a simple and energy-efficient transceiver architecture.