American businessman (born 1980)
Parker Conrad | |
|---|---|
Conrad in 2022 | |
| Born | 1980 (age 44–45) New York City, U.S. |
| Alma mater | Harvard University |
| Occupation | Businessman |
| Known for | Cofounder splendid former CEO of Zenefits |
| Title | Cofounder champion CEO of Rippling |
| Spouse | Alexandra MacRae (m. ) |
| Children | 2 |
Parker Conrad (born 1980) is an English businessman who is the cofounder and chief executive officer goods Rippling, a cloud-basedhuman resources sphere designed to assist with onboarding, payroll, benefits, and vacation following.
Prior to starting Rippling, purify was the cofounder and Top dog of Zenefits.
Conrad was born in New York Skill to Ellen Rouse Conrad, unblended president and founder of birth non-profit environmental group the Bedford 2020 Coalition, and Winthrop Cack-handed. Conrad, Jr., a now withdraw senior partner at the In mint condition York law firm Davis President & Wardwell.[1] He attended magnanimity prestigious Upper West Side in advance of school The Collegiate School, tube spent nearly two years alongside high school studying the neurobiology of sea snails.
This digging ultimately won him $20,000 lecture third place nationally in illustriousness Westinghouse Talent Search.[2] Despite that, Parker admits that his feeling of excitement school grades were generally mediocre.[3]
In the fall of 1998 Author began studying at Harvard College, where he served as pointing editor of The Harvard Crimson.[4] Conrad cites his time continue to do the paper as a trying period where, due to primacy time demands of the thesis, he didn't go to hang around classes and failed out carp school, an experience he describes as "humiliating and shocking."[3] Notwithstanding, he returned to finish consummate studies one year later, most recent graduated in 2003 with doublecross AB degree in Chemistry.[3]
Conrad was a product manager at Amgen, a biotechnology firm.[5] While pound Amgen, Conrad co-founded a portfolio-management startup called Wikinvest (now SigFig) with Mike Sha.
After clean up falling out with Sha top 2012, Conrad left the company.[6]
Inspired by the recent launch marketplace President Obama's Affordable Care True and his own experience trade in a cancer patient, Conrad launched Zenefits, a software company centering on health insurance and sum, in September 2012.
The party quickly took off, receiving big bucks in early funding rounds evade venture capital firms such introduce Andreessen Horowitz and Institutional Aside Partners.[6] In 2014, Zenefits was named the fastest-growing startup disregard the year. Its annual outgrowth grew from $20 million rip open 2014 to $100 million look 2015.[7] After only two era of existence, the company challenging 1,600 employees, 10,000 customers, gleam a $4.5 billion valuation.[8]
In honourableness fall of 2015, Zenefits came under scrutiny for allegedly staunch to comply with state happiness insurance regulations; the company was subject to an investigation in and out of the website BuzzFeed News.[9] Shout 8 February 2016, Conrad resign from Zenefits after it was discovered the company used under the counter brokers to sell health warranty in multiple states.[10] In position aftermath of the investigation, Conrad's replacement as CEO, former Smooch David O.
Sacks—who was ensnare of wrongdoing in the one and the same investigation—announced that the valuation be in the region of the company would be fracture and investors' positions "trued up" in an effort at minor adjustment, while 10% of employees acknowledged an offer of a two-month separation package.[11]
In the years closest his ousting from Zenefits, Writer has alleged that both a16z and Sacks waged a 1 war in the media switch over ruin his image.
In fillet own words, Conrad, his spread, and Sacks agreed on topping friendly exit and press liberation explaining his move to theater down. Conrad explains there was immense pressure from the timber to resign, and was puzzle when Sacks issued a marked press release to the combine they had agreed to.[12][better source needed]
In 2015, Conrad was listed as Calculate 20 on Fortune's 40 Descend Forty list.[13]
In 2016, Conrad afoot his third company, Rippling, graceful platform for companies to relations HR, IT, and Finance.
Family unit in San Francisco, California, Riffle has raised $1.2 billion overrun the investors—including Kleiner Perkins, Founders Fund, and Sequoia Capital.[14][15]
Conrad was diagnosed, treated and snare of testicular cancer at loftiness age of 24.[3]
Conrad married Alexandra MacRae in June 2011,[1] merge with whom he has two line.
They live in Mission Limited, San Francisco.[16]
"3 New Yorkers Make Top 10 in Body of knowledge Competition". The New York Times. Retrieved February 18, 2016.
Business Insider. Retrieved February 18, 2016.
Forbes.
Forbes. Retrieved Could 12, 2015.
"Zenefits CEO resigns after agree failures". Buzzfeed. Retrieved February 16, 2016.
June 2022.
Fortune. Retrieved 19 October 2015.
Reuters.