A $500 million term sheet in 12 hours: How Rippling struck a deal as SVB was melting down


As a serial entrepreneur who has famously endured some ups and downs, Parker Conrad thought he’d seen it all. Still, he never imagined that there would be a run on Silicon Valley Bank that would upend Rippling, his six-year-old workforce management company, a run so severe that Rippling would liquidate $130 million in money market funds that its customers needed for their…

This story appeared on techcrunch.com.
Read the Entire Internet on a Single Page. Join Now →