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In case you love an ideal comeback story, you’ll be hard-pressed to discover a extra dramatic one than Parker Conrad, the previous CEO of Zenefits. A legendary Silicon Valley serial entrepreneur, Conrad took Zenefits on a meteoric rise to a $4.5 billion valuation simply three years after launching the corporate in 2013.
However there’s not often acquire with out ache. After the corporate ran afoul of compliance points, Conrad stepped down as CEO in 2016. Undeterred, Conrad based a brand new startup inside months of leaving Zenefits.
Rippling, a promising, high-flying HR and IT software program firm, hit a valuation simply barely north of $11 billion final Might after elevating $250 million in Sequence D funding. The spherical, co-led by Bedrock and Kleiner Perkins, included participation from current traders Y Combinator, Sequoia Capital and others.
We love a comeback story, too, which is why we’re thrilled that Parker Conrad will be part of us onstage for a fireplace chat at TechCrunch Disrupt on October 18–10 in San Francisco.
Rippling amasses worker knowledge and makes use of what Conrad calls a “compound” mannequin to construct a number of merchandise that share elements for straightforward integration. Its most up-to-date providing, Finance Cloud, provides spend administration — together with invoice pay, company playing cards and bills — to the HR and IT combine.
Conrad compares Rippling to Salesforce within the sense that his firm is an internally going through system to handle your organization, whereas Salesforce is an externally going through system for managing enterprise processes associated to prospects, gross sales and advertising.
We are able to’t wait to sit down down with Conrad to listen to what it’s prefer to make such a powerful comeback. We’ll ask him about the important thing classes he discovered from his Zenefits expertise and the way he utilized them to constructing out Rippling.
We’re additionally interested in what different merchandise is perhaps coming down the pipeline and which tech unicorns is perhaps sitting in Rippling’s crosshairs. If anybody is aware of the roller-coaster highs and lows of startup life, it’s Parker Conrad. This must be an interesting and precious dialog.
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