Y Combinator Startup Podcast How To Build The Future: Parker Conrad
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Jan 10, 2025 In this conversation, Parker Conrad, Co-founder and CEO of Rippling, shares his remarkable journey in the tech world, having previously founded Zenefits. He discusses the evolution from fragmented to integrated business software, emphasizing the need for comprehensive solutions. Parker delves into the impact of AI on efficiency and reveals his perspective on the emerging 'compound startup' model. He also reflects on resilience during challenges and the critical insights gained from his past experiences that shaped Rippling into a $13.5 billion powerhouse.
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SigFig's Early Struggles
- Parker Conrad and his co-founder started a company before deciding what to do, leading to pivots and rejections.
- Their initial idea, a wiki for stock research, never gained traction, highlighting the randomness of consumer businesses.
Investor Fickleness
- Investors' short attention spans, often focused on fleeting trends, are misaligned with the time needed to build a company.
- Building a business so compelling that investors can't ignore it is key.
Fundraising Focus
- Focus on making your business undeniably strong, regardless of current VC trends.
- Wait for investors to come to you with pre-signed term sheets.