Rippling Valuation?
Their series D was at 11B in May 2022. Do people feel like that's accurate for IPO, or will it go down? I remember people saying it was overvalued recently, but does the valuation being so recent change the calculation a bit? #rippling #tech #ipo
Parker Conrad is the kind of founder that could plausibly create a 100b company. I think joining at 11b is still a good bet, if it fails they will ipo/acquired for 5-8b, on success you could 10x your stock. Might take a decade though...
All pre ipo are overvalued in current env. If you plan to join u shud he discount the equity. Don't believe recruiters who blindly say we can easily go 5x 10x 20x 30x from now.
Glorified employee management software. I could make their base app in two weeks with a cleaner UI
What's stopping you?
No VC money to pay 100$ per demo even if user buys or not.
Agreed. It’s overvalued and probable fair value at this point would be 3 to 4B. I will be more than happier if they’re able to IPO at this hyped valuation.
Then why did investors just now buy at an 11B valuation?
You know how Investors bet on their investments? SoftBank is the best example..
I literally don't understand how this company is valued so highly. The web app looks like it something out of the 90s
And don't get me started on mobile app
Things internally are kind to a mess, as is the codebase. Don’t expect it to change anytime soon