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Prasanna Sankar

๐Ÿ‘ค Speaker
177 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

So, you know, we had to build a large product to just even get started.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

We clearly knew, Parker clearly has seen with like $50 million worth of ARR, the needs of customers.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

And they were asking for stuff that Zenefits did not have the bandwidth to build at all.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

Remember, Zenefits was growing insanely fast.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

So we were completely focused on just servicing the existing products.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

And on day one, we had a clear roadmap of what the market really wanted.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

Our sweet spot customer is 500 to 200 employees in their company, especially the ones that are growing fast, which have a lot of changes that are constantly happening in the company that needs to be synced in all these business systems they're using.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

So, you know, 500 to 200 companies, fast growing.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

We are around, I think, 15 to 20K.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

Per year?

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

I mean, I've been into several startups so far.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

This one has been the least surprising.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

This one has been, you know, the clearest roadmap that we've ever gotten.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

We did have some surprises, like, you know, we did have to make some changes.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

Especially, we thought we could get away without building the health insurance part.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

But the competition was so intense that we had to build it.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

Every other player in the market was offering it, so we had to build it.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

So it took a bit of time to catch up to that.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

But largely, it's been without surprises.

SaaS Interviews with CEOs, Startups, Founders
1754 Parker Conrad Gave Rippling CTO 40%, Kept 60%, 2,000 Customers "$36m ARR Not Far Off"

Parker sat on day one and gave a four-year, six-year roadmap.