{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Grit","title":"#162 CEO & Co-Founder Rippling, Parker Conrad w/ Mamoon Hamid: Compounding","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/67e5ae92\"></iframe>","width":"100%","height":180,"duration":3746,"description":"Guests: Parker Conrad, CEO of Rippling, and Mamoon Hamid, partner at Kleiner Perkins\nHow long did it take for Parker Conrad to stop wanting revenge? “I’ll let you know when it switches over,” the Rippling CEO and co-founder jokes. He resigned from his last company, the buzzy HR unicorn Zenefits, in 2016 and then quickly realized that the company’s new leaders would never return it to its former glory. He still loved the problems he had been trying to solve, and launched Rippling because “there was an opportunity there, [and] if it works ... it’s going to be fundamentally and foundationally better as a product.” It worked. As of March, Rippling has been valued at more than $11 billion, more than double Zenefits’ peak.\nIn this episode, Parker, Mamoon, and Joubin discuss what happened at Zenefits, avoiding press coverage, FOMO and expectations, Paul Graham, fixing corporate insurance, Ryan Peterson’s “revenge portfolio,” CEO coaches, Mike Vernal, approving expenses, anecdata, and the Costco of SaaS. \nIn this episode, we cover:\nHow Parker and Mamoon met (00:56)\nThe Zenefits Series B (06:29) \n“Stuck in a nightmare” (09:20) \nEntrepreneurship is “soul-destroying” (12:46) \nParker’s first company, SigFig (17:17) \nStarting a company for the right reasons (21:02) \nStarting over after Zenefits (27:06) \nAvenging Zenefits (31:57) \nRippling’s unusual Series A (38:40) \nWhat it does well (43:13) \n“Go and see” (46:35) \nThe compound startup (51:44)\nWho Rippling is hiring and what “grit” means to Parker (01:00:39) \nLinks:\nConnect with ParkerTwitter\nLinkedIn\nConnect with JoubinTwitter\nLinkedIn\nEmail: grit@kleinerperkins.com \nLearn more about Kleiner Perkins\nThis episode was edited by Eric Johnson from LightningPod.fm","thumbnail_url":"https://img.transistorcdn.com/jCea5f44KBONhOsyLyht9nXUrj2YBNfA6fc-kgyfWTM/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/Lzk3NzAvMTY2Nzg2/MjQyOC1hcnR3b3Jr/LmpwZw.webp","thumbnail_width":300,"thumbnail_height":300}