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They are quoting $11B valuation for their RSUs when in reality their annual recurring revenue is only $350M. Asana and other companies are at max getting 10x multiple and here rippling is claiming it's a frigging 30x multiple.
What does equityzen value their stock at?
Every single person on Blind who works at Rippling is a Grade-A asshole. Without a single exception so far. I’ve never interacted with anyone from there that has anything even remotely redeeming about their opinions or personality
Been my experience as well.
Hey, why so serious?
Maybe you should give Peter Thiel some valuation lessons… Rippling and Asana couldn’t be more different - growth rates are an order of magnitude apart, market size and TAM are an order of magnitude apart, one is a multi product platform, the other a standalone product
Tell us the growth rate ? Rippling is not a platform. It pretends to be one but it isn't really. And a Saas company commanding 30x multiple of its ARR is just plain stupid.
Rippling is not a platform.
Oh the company founded by the scammy CEO of zenefits? Yeah of course it's total bullshit https://www.forbes.com/sites/briansolomon/2016/02/08/zenefits-ceo-parker-conrad-resigns-amid-scandal/
Keep sleeping buddy we’re coming for you next 😜
😱
https://techcrunch.com/2024/04/16/hr-startup-rippling-is-in-discussions-to-raise-at-a-13-4b-valuation-up-from-11-25b/ That crisp sound of slap on the face. 😘 Unlike Uber, Rippling has a clear product to market fit, distinct competitive edge, green path to scale and profitability. So yeah, investors love a solid bet. Don't hate when you can't pass the interview.
Great. Can we including former employees sell the RSU then? If yes, how much can we sell? If not, another BS for existing investors self elevate their stakes. And congratulations new comers, your RSU is based on 13.4b now.
What edge it has compared to Deel and bunch of other similar companies?
It’s lead investors are in the process of pumping more cash flow. To 13.5 billion. Sequoia doesn’t pump money this late on an upround with zero reason
one final pump before ipo and they exit while you guys are left holding the bag 6 months later
Knowing how Parker operates, he’ll most definitely be “leaving money on the table” on the IPO to screw over employees. He’s absolutely going to use the highest ranked banks (think Goldman and MS) out of pure ego to restructure the cap table to screw over employees and underprice the shares so that there’s a massive pop for early investors, the founders and the banks to make a killing and leave everyone else in the dust. Bill Gurley had been warning the tech industry about this since 2020 and will be laughing during Rippling’s IPO.
Don’t worry a year after it ipos it’s valuation will drop back down to 1 billion
Rippling is a shitty company, the product doesn't scale. It's a circle jerk. If you don't drink Kool aid, you're outcast.
trash culture and interviewers
Tell me about it, this guy who was interviewing me was arguing with me on a wrong answer and on top of that he even rejected me, lol. I don’t even know
Skill issue