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 he has nearly seen it all. Or so he might have thought until last week. Certainly, he never imagined a run on Silicon Valley Bank that so abruptly upended the operations of Rippling, his six-year-old workforce management company, that it would liquidate $130 million in money…
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