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Drew Beechler pfp
Drew Beechler
@drewbeechler
Thinking this morning again about the Rippling $13.5B valuation... Is HR tech really that hot? I've done a few companies in that arena in my career and they have always been some of the hardest to get GTM traction. Yet MASSIVE, stale incumbents to disrupt. What are the thoughts among this group?
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thehilker 🎩↑🥱  pfp
thehilker 🎩↑🥱
@trh
Agreed. The problems & potential are real, but like oil far beneath the surface. Locked in incumbents & long buying cycles. Buyers aren’t usually users so UX sucks. Budget is small bc perceived ROI. HRIS requires massive scope; most entrants are point solutions requiring expensive integrations.
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Diego pfp
Diego
@d1ego
Agreed. And several of these are either pretty adjacent to each other or have overlapping use cases, so a lot of redundant SAM baked in the aggregate valuations. I would anticipate significant consolidation from private companies not growing into their multiples in the next 3-5 years.
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Ben  🟪 pfp
Ben 🟪
@benersing
Need to know revenue and ebitda to have a perspective
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Justin 🟢💠 pfp
Justin 🟢💠
@jmb.eth
I would love to know how often Rippling wins in replacing ADP across different segments? Assuming for enterprise it's almost impossible
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