Today, @foundersfund led a $145M round in @Rippling at a $1.35B valuation. I’ve been the company’s COO for 5 quarters, and have learned a ton. I thought I’d share three lessons, since @parkerconrad canceled our 1:1 to deal with media. 😆 1/7 bloomberg.com/news/articles/… (1) It's been said, but now I get it in my gut: if you have to ask whether you’ve found product-market fit, you haven’t. Like most things, it’s lognormal: better PMF yields way, way better biz performance. At a certain point, most assumptions about how to build a co. break. 2/7

Just spent another week in amazing, crazy Bangalore. I naturally compare it to San Francisco, where the political, economic and infrastructural struggles have deep parallels.

You see, one spends a lot of time in traffic in Bangalore, so one has time to think: 1/ Bangaloreans love to hate their traffic. Case in point: we’re moving @Rippling to a new, larger office soon. Site selection is constrained by the fact that many employees will move when the company moves, even if it’s just a few kilometers up the street.