A $500 million term sheet in 12 hours: How Rippling struck a deal as SVB was melting down
techcrunch.com/2023/03/17/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…
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