Sign up to receive 5 free days of our daily summary for tech news.

Introducing our newly updated org charts. Browse our org charts on companies like Uber, Facebook, and Airbnb all in one place.

Read this article for free.

Already a subscriber? Log in here

A Lesson for Founders from Parker Conrad

Silicon Valley is rattled tonight by the sudden resignation of Zenefits CEO Parker Conrad, an outspoken, rough-around-the-edges founder who had been under attack from multiple corners.

The company, which racked up a $4.5 billion valuation by helping small businesses handle benefits and insurance, had missed its revenue projections and gotten embroiled in a nasty and costly legal battle with ADP that some people at the company felt was avoidable.

Then there was the fact insurance regulators in Washington State and elsewhere were looking into whether Zenefits sales people were selling insurance without proper licenses.

The most amazing thing about this scenario wasn’t that Mr. Conrad resigned and that incoming CEO David Sacks, previously COO, threw him under the bus with a missive that said: “Our internal processes, controls, and actions around compliance have been inadequate, and some decisions have just been plain wrong.”

No, the most amazing thing was that Silicon Valley was surprised.

What Is The Information?

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting, stories, and exclusives you won't read anywhere else from the largest newsroom in tech.

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Go deep into areas like crypto and VC diversity—or get real-time analysis of breaking news—via conference calls with our reporters and other experts.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, subscribers get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

Access the best reporting on the tech industry read by tens of thousands of global executives.

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Share with your team

Subscribers can unlock any article and share it with friends and co-workers through a special share link.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.

Already a subscriber? Log in here

Recent Articles

Venture Capital Markets

Early Zenefits Investors Still Sitting Pretty

By Alfred Lee

Venture Capital Markets

Investors Drive Hard Bargains in Private Tech

By Alfred Lee

Startups Policy

Billionaire’s Grandson Now a Private Tech Broker

By Alfred Lee