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Introduction
Parker Conrad shares the concept behind building his compound startup and discusses his firsthand account of being ousted from his previous company.
In this memorable episode from our podcast archives, we revisit our conversation with Parker Conrad, Co-Founder of Rippling and former CEO of Zenefits. Parker opens up about his entrepreneurial path, detailing everything from fundraising challenges to his departure from Zenefits and the founding of Rippling. We also discuss the dynamics between VCs and founders, including what founders really value from investors, as well as the many entrepreneurial lessons Parker has gained from growing four companies (including two that reached unicorn status).
This episode was originally aired in May 2022.
(00:00) Intro
(01:25) Parker's Early Life and Education
(02:08) Parker's Experience at Harvard and Early Career
(05:21) Parker's Journey to Entrepreneurship
(08:27) The Founding of Sigfig and Challenges Faced
(10:15) The Birth of Zenefits and its Rapid Growth
(13:13) The Downfall of Zenefits and Lessons Learned
(19:12) Parker's Perspective on Media Narratives and VC Involvement
(35:48) The Power of Investors and Branding
(37:22) The Influence of Media on Investment Success
(38:42) The Role of Venture Capitalists and Founders
(39:39) The Impact of Social Media on Business
(40:48) The Rise of Andreessen Horowitz
(41:18) Introducing Rippling: A New Approach to Business Software
(41:32) The Power of Employee Data in Business Software
(49:47) The Advantages of Compound Companies
(56:13) The Role of Founders in Business Units
(01:09:20) The State of San Francisco and the Tech Industry
Executive Producer: Rashad Assir
Producer: Leah Clapper
Mixing and editing: Justin Hrabovsky
Check out Unsupervised Learning, Redpoint's AI Podcast: https://www.youtube.com/@UCUl-s_Vp-Kkk_XVyDylNwLA
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About the Show
Logan Bartlett is a Software Investor at Redpoint Ventures - a Silicon Valley-based VC with $6B AUM and investments in Snowflake, DraftKings, Twilio, and Netflix. In each episode, Logan goes behind the scenes with world-class entrepreneurs and investors. If you're interested in the real inside baseball of tech, entrepreneurship, and start-up investing, tune in every Friday for new episodes.
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Listen to the best highlights from the podcasts you love and dive into the full episode