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

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

2023/3/24
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The Times Tech Podcast

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Shownotes Transcript

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). Hosted on Acast. See acast.com/privacy) for more information.