david sacks

  • Zenefits Is Laying Off Roughly 250 Employees

    Zenefits Is Laying Off Roughly 250 Employees

    Zenefits is laying off around 17 percent of its employees, or 250 people, with the layoffs largely concentrated in the company’s sales division, according to an email sent to the company by CEO David Sacks. “When I became CEO of Zenefits, I promised on Day 1 to reset our culture, refocus our strategy on serving small businesses, and create a new beginning for success in the… Read More

  • Zenefits Under Investigation In California

    Zenefits Under Investigation In California

    The hits just keep on coming at the embattled cloud human resources software provider Zenefits, as the California Department of Insurance has begun an investigation into its licensing practic Read More

  • Zenefits CEO Parker Conrad Out Amid Compliance Concerns

    Zenefits CEO Parker Conrad Out Amid Compliance Concerns

    There’s a big shuffle happening at Zenefits today — with Zenefits CEO Parker Conrad exiting the company and COO David Sacks taking over. Conrad is also stepping down as a director of the company. In an email to employees, Sacks noted that compliance issues that have plagued the company contributed to Conrad’s exit. Zenefits has hit significant turbulence, including… Read More

  • Why Your Next Package Will Be Delivered By An Uber Crunch Network

    Why Your Next Package Will Be Delivered By An Uber

    Geographic saturation is the key to network effects and profitability in the ridesharing business. The more drivers Uber or Lyft have in a given region, the faster the pick-up times, the better the customer experience, and the more rider demand — which in turn allows drivers to earn more money, and attracts more drivers to the network. Read More

  • Zenefits Just Raised $500 Million At A $4.5 Billion Valuation

    Zenefits Just Raised $500 Million At A $4.5 Billion Valuation

    Zenefits today said it has raised $500 million in a round led by Fidelity and TPG at a whopping $4.5 billion valuation. The company, which allows small- and medium-sized businesses to manage human resources services in a much simpler fashion, is one of the fastest-growing SaaS businesses ever, and in an interview, Zenefits CEO Parker Conrad said the big round was raised to keep the company… Read More

  • Yammer Founder David Sacks Joins Cloud HR Startup Zenefits As COO

    Yammer Founder David Sacks Joins Cloud HR Startup Zenefits As COO

    David Sacks is back up in the startup game. The founder of Yammer, who sold his company to Microsoft for $1.2 billion about two-and-a-half years ago, has decided he’s had enough time off and is joining fast-growing cloud HR startup Zenefits as its new COO. Read More

  • Yammer’s David Sacks Departs Microsoft After Two-Year Tenure

    Yammer’s David Sacks Departs Microsoft After Two-Year Tenure

    Today Yammer’s founder and former CEO David Sacks announced that he will depart Microsoft, the software company that purchased his social enterprise startup for $1.2 billion. His exit, which comes two years after the June 2012 acquisition of Yammer, follows standard timing. When companies are purchased, existing employees are often given two-year contracts, sometimes with earnouts attached. Read More

  • Backed By Yammer’s David Sacks, Fresh Launches A Site For Verified Consumer Gadget Reviews

    Backed By Yammer’s David Sacks, Fresh Launches A Site For Verified Consumer Gadget Reviews

    When you’re ready to try a new product, Stephen Svajian, co-founder and CEO of a startup called Fresh, said that what you’re really looking for are recommendations from consumers like you — but the review systems on sites like Amazon are basically broken. That’s why he’s launching Fresh, a site that only allows someone to review a product if they’ve… Read More

  • Twist Updates Its Arrival Signaling App For iOS 6, Adds Yammer CEO David Sacks To Advisory Board

    Twist Updates Its Arrival Signaling App For iOS 6, Adds Yammer CEO David Sacks To Advisory Board

    I’ve become pretty familiar with the sinking feeling that kicks in when I realize I’m going to be late, and I’m sure I’m not the only one. San Francisco startup Twist set out to make those ensuing “Oh man, so sorry, I’m running a little behind” exchanges obsolete when it launched its arrival signaling iOS app in July, and it turns out the company has… Read More

  • David Sacks On Selling Yammer: We Never Really Shopped The Company

    David Sacks On Selling Yammer: We Never Really Shopped The Company

    In June, Microsoft closed its acquisition of Yammer, the hot young enterprise social network that got its start at TC50 back in 2008. It was a big exit for the company, which sold for a whopping $1.2 billion. CEO and founder of Yammer David Sacks took the stage at TechCrunch Disrupt SF to talk to Mike Arrington about the past, present and future for the network. Arrington started by asking… Read More