2min chapter

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How Rippling's Parker Conrad Rescued His Company as SVB Was Imploding

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CHAPTER

Ripley's Deal With Green Oaks Was Done Under Duress and Agreed to So Quickly

Ripley's engineers were able to get that file off to JP Morgan in time last Friday afternoon. The Federal Reserve also announced last Sunday around 3 p.m. that Silicon Valley Bank's depositors, both insured and uninsured, would receive help. Conrad says he doesn't regret a thing, even if it meant a flat round for the company,. Its valuation remains at $11.25 billion.

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