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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"

It's also a function of the market.

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

Yeah, I mean, you know, Zenefits grew from $0 to $50 million in like,

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

less than two years in ARR.

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

And you only sort of get that kind of growth by just like skimming the cream of the cream of the cream of the market, right?

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

Like, you know, it clearly signals insane market pull and huge demand for the product.

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

And it clearly signals, you know,

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

potentially $100 billion company that could get created.

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

And if you look at all the huge companies that got created, they had these kind of trajectories of growth rates and market pull, which is what we're seeing.

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 was very clear that this is a huge market with the winner-take-all dynamics, especially the ultimate play is like an app store where any SaaS developer can sort of plug in

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

plug-in and publishes app and, you know, rippling provision seats and licenses on top of this on, you know, and provides distribution for these apps, right?

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 is clearly a network effects business.

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

It's a winner-take-all business.

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, it requires to be number one.

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

You know, it requires you to go for the number one.

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

We almost sort of like...

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

Um, our payback is like, you know, is insanely profitable right now.

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

It's like one to two months or something like that.

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, uh, it's not, it's not true.

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

That's not the game that we're playing.

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

Um, actually that's probably not true.