At six AM, we're talking to them and they're saying it's going to go out in the 10am window. And then at nine o'clock when it was like, went went one game over for SVP. Because 1230 was JP Morgan's cut off time. That was their absolute final cut offTime. We had 15 engineers that were working on that at like top speed, you know, just like as fast as they could possibly do it.We had another team of about 35 people that started working on all of the other sort of just grooving the rails and everything else that we would need across the course of the weekend.
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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