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Expecting an offer from rippling. Their offer is 15% above my current compensation, and rsus are offered at $9 billion valuation. Is it a reasonable valuation for rippling? Is it worth taking risk with private equity for 15% increase in compensation? They raised series D at around $11 billion valuation today. https://www.forbes.com/sites/amyfeldman/2022/05/11/parker-conrads-rippling-hits-1125-billion-valuation-as-former-zenefits-ceo-rebounds-with-hr-software/?sh=54e36cdb7068 current tc: 340k , LMTS, 8 yoe offered tc: 400k at $9 billion valuation
Rippling has a really good product.
I'm a fan of Rippling, and choosing a founder with a good exit history is key. But no $100 Mil ARR company is worth anywhere even close to $9 or $11 Billion. Not even close.
What do you mean? Is it overvalued or undervalued
There saying it's overvalued for $100m ARR on the evaluation multiple.
Ask for ARR numbers. Valuations don't mean shit these days
+1 Just look at Bolt
Extremely inflated valuation relative to ARR. Their competitor Gusto has 3-4x more ARR at a lesser valuation. They are trying to half ass too many things instead of focusing on a few. I would personally stay away for now especially for a 15% “increase”.
Actually, Gusto has 3-4x ARR at a $10B ish valuation
I am really curious what is Gusto’s ARR these days?
The series D values the company at $11B but they are giving offer at $9B?How could that be possible?
Board of directors can vote on grants offered to employees, at what prices, when etc. is my understanding on how this works.
Is there anyone knowing the cutoff date?
This is a joke of a valuation. 100x ARR in a full blow bear market? They would be worth 3 bb at best on the public markets.
You can get more than 15% above for this switch
Hi OP, did they ask you to join before a particular date so that you get the offer at the $9B valuation? I am assuming there is a cutoff date but wanted to know if I can still catch up with that date. Thanks!
Mid June
Did you join op?
Do you mind adding the numbers? Or can dm me (if you are uncomfortable sharing here) I am waiting for the on-site interview there.
Overall company looks great. The revenue also growing at good pace. But competitor Gusto’s growth is more I think. Not sure about the source of data.