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

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.

Om Podcasten

From Silicon Valley to The City, tech journalists Danny Fortson and Katie Prescott bring you the inside track on the new industrial revolution.Co-hosted from San Francisco and London, this weekly podcast delivers the latest news and freshest interviews with the people creating the future.As West Coast Correspondent for The Sunday Times, Danny is on the ground to witness the technological whirlwind that first roared out Silicon Valley. From London, working as The Times' Technology Business Editor, Katie has seen the waves of boom and bust rolling through one of the world's financial capitals. Together they explore this strange new world of high finance and tech giants, explaining how we got here and what is just around the corner. Hosted on Acast. See acast.com/privacy for more information.