3min chapter

The Times Tech Podcast cover image

Rippling’s Parker Conrad: “We raised $500m in one day to survive the SVB collapse”

The Times Tech Podcast

CHAPTER

Introduction

Danny in the Valley is CNN Tech's weekly dispatch room behind the scenes and inside the minds of the top people in tech. We have a story from inside the SVB mushroom cloud. Rippling, which handles payroll for hundreds of thousands of employees across the country, had about $130 million worth of paychecks owed to more than 50,000 people. Parker Conrad, who is Rippling's founder and CEO, talks about that crazy weekend.

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