Why Zenefits CEO Hired Tech Veteran David Sacks

The transcript discusses Zenefits' rapid growth and unique business model in the HR tech space. It highlights the company's integrated approach to HR solutions, which sets it apart from competitors. David Sacks' role in the company is compared to high-profile figures like LeBron James, emphasizing his experience and talent. The conversation also touches on the company's valuation, market position, and future prospects, with a focus on maintaining sustainable growth in a competitive environment.

Why did the speaker choose to join Zenefits instead of becoming a VC?

• They wanted to retire.

• They preferred building companies over investing.

• They were offered a higher salary.

• They wanted to work in a different industry.

What makes David Sacks comparable to LeBron James according to the speaker?

• His experience in scaling fast-growing companies.

• His athletic abilities.

• His musical talents.

• His role in the Zenefits basketball team.

What is David Sacks' initial role at Zenefits?

• Marketing and Sales

• Operations, Product, and Finance

• Human Resources

• Customer Support

What is unique about Zenefits' approach to HR systems?

• They provide free gym memberships.

• They focus solely on large enterprises.

• They integrate multiple HR systems into one platform.

• They offer only payroll services.

How does Zenefits generate revenue according to the speaker?

• By charging high subscription fees.

• By selling user data.

• Through advertisements.

• By offering free services and getting paid by spokes.

What concern is raised about startups in Silicon Valley?

• Insufficient funding.

• Overregulation.

• High valuations and burn rates.

• Lack of innovation.

Why didn't the speaker end up at PayPal?

• They preferred a different industry.

• They wanted a new challenge.

• They were not offered a position.

• They had a conflict with management.