Transcript
Introduction
Patrick
My guest today is Parker Conrad, Co-Founder and CEO of Rippling. I wanted to speak to Parker because he is building Rippling in a way that we don't come across often. Rather than focus narrowly on one product, he is building a suite of interrelated products simultaneously to carry out functions of HR, finance and IT for companies. He calls it a compound company, and we discussed the idea as well as some of his other nontraditional theories in detail. Please enjoy this conversation with Parker Conrad.
What Defines a Compound Company
Patrick
So Parker, one of the, I guess, sacred cows or if there's a 10 commandments of start-ups and business, this one would be on there. Is that you're supposed to begin a business for a customer by focusing on one thing and get really, really good at that one thing and serve them well and then you earn the right to transfer from product to platform. And this has become gospel in the world of building young technology companies especially. And I think you have a very, very different take on what might be possible in terms of how to build early on. And I'd love you to lay the groundwork with your concept of a compound start-up or a compound company right at the beginning because I think it will inform just about all the other topics that we talk about.