I was planning to join Rippling, but looking at Fast shutting down today scares me of what the startup market holds for now? How is Rippling doing business wise? Are they profitable? The recruiter told they can easily 8-9x from the current valuation(mind you they are giving offers at 9B valuation now). Just wanted to understand from the current employees, how do they feel about the future of the company? Also, I had one more doubt, the RSU's they are giving right now can be sold when the company IPOs, what if they dont? What will happen to the stocks then? TC: 45 LPA #tech #rippling #startup #RSU
These shut downs are bound to happen. A lot of VC funding had gone due to fomo to startups with unsustainable models with no path to profitability. If you are switching focus more on the base instead of RSU for these startups
$9B valuation even in current market is too much for US too, consider the stocks part extra, base is what you should consider
Your recruiter can give you some details on our finances. Fast was going after a 1B+ valuation with less than 1M in revenue, a ridiculous burn rate, and an undifferentiated product
How much is Rippling's revenue? the last time I saw a video on YT from some Rippling exec, he had no definitive numbers to come up with
So what do you feel about future growth? What is the valuation do you think it can reach?
the business is doing great and yes, lots of potential for future growth.
in same boat
Hey OP, did you get any proper answers from someone at Rippling?
Nope
Are you planning to join?
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YoE and offered tc from rippling?