Fast-growing business software startup Zenefits pushed out its co-founder and CEO Parker Conrad yesterday following a months-long controversy involving the selling of health insurance without proper state licenses. It’s a sour turn for the buzzy startup, which helps small businesses manage their human resource operations. It’s also an illustration of what happens when a tech company tries to bring Silicon Valley’s gospel of disruption to an ultra-regulated industry — one that everyday people don’t know or care much about, and certainly aren’t willing to rally behind.
Three-year-old Zenefits is one of the fastest growing cloud computing companies in history, earning it more than $600 million in venture funding and a $4.5 billion...
via The Verge
