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

The Times Tech Podcast

• Episode: Rippling’s Parker Conrad: “We raised $500m in one day to survive the SVB collapse”
• Website: The Times Tech Podcast
• Feed URL: http://rss.acast.com/dannyinthevalley
• Duration: 00:50:55
• Published: 2023-03-24 04:00

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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