I was CEO of Zenefits from founding to when I was forced out for about three years. During that time, we grew revenue from zero to one and then one to 20 in one year. And at the end of that year, I left the company. There were a bunch of headlines in the media that I'll say there's a very different side to the storyThat showed up in the media. A lot of it was about sort of missteps that we made on the regulatory and compliance front. Some of quite frankly what was in the media was just complete bullshit.
The Sunday Times’ tech correspondent brings on Parker Conrad, founder and chief executive of Rippling, to talk about getting caught in the collapse of Silicon Valley Bank (3:30), receiving a call at 5:30 am (8:30), how wide the SVB blast radius was (11:00), moving $130m to JP Morgan in three hours (13:45), raising $500m in a day (17:00), why some people still didn’t get paid (23:40), the growing vulnerabilities of regional banks (30:20), the importance of SVB to tech (32:30), Conrad's experience at Zenefits (37:15), why automating things with software is harder than it seems (42:30), and operating in a slowing economy and tighter funding environment (44:40).
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