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In 2013, Parker Conrad appeared at Y Combinator Demo Day to unveil a startup called Zenefits. He would later be ousted from that company, and yesterday reappeared on the YC stage to pitch his new company, Rippling.

Despite it being Conrad's third startup and recently raising $7 million, here's why he chose to again go through Y Combinator's program:

Creating urgency: "When you start a new company, it kinda feels like you're unemployed," Conrad told Axios shortly after his Demo Day presentation. A program like Y Combinator can motivate and bring structure to a founder's work, he added. "When I was still at Zenefits, I always said that if I were to start all over again, I would go through YC."

Secret sauce: The program's weekly dinners, which feature guest speakers and let founders chat with other participants, are the secret sauce. "Each time, it seems like everyone else has accomplished so much... no one likes feeling like they're not keeping up."

More to learn: Despite being on his third startup and second time through Y Combinator's accelerator, Conrad says there's always new things to learn from the dinners' new guest speakers or from mentors. Much of Y Combinator's leadership has also changed since 2013, when it was still being run by co-founder Paul Graham, for example.

Go deeper

Updated 50 mins ago - Politics & Policy

Omicron dashboard

Illustration: Shoshana Gordon/Axios

  1. Health: Louisiana officials find "probable" Omicron case in cruise ship COVID outbreak — CDC director says number of U.S. Omicron cases "likely to rise" — Two years of COVID-19.
  2. Vaccines: Data demonstrates most-vaccinated counties less vulnerable to worst of COVID — Omicron adds urgency to vaccinating world — Omicron fuels the case for COVID boosters.
  3. Politics: NYC to impose vaccine mandate on private employers — Nevada to impose insurance surcharge on unvaccinated state workers — New Jersey GOP lawmakers defy statehouse COVID policy.
  4. World: U.S. announces $400M for global COVID vaccine distribution — Vaccine mandates lose steam in the U.S. while Europe doubles downWHO: Delta health measures help fight Omicron.
  5. Variant tracker: Where different strains are spreading.
Updated 58 mins ago - Health

NYC to impose vaccine mandate on private employers

New York City Mayor Bill de Blasio (D) on Monday announced a new COVID vaccine mandate for all private companies.

Why it matters: De Blasio, speaking on MSNBC's "Morning Joe," said the "first-in-the-nation measure" will go into effect starting Dec. 27. It will apply to approximately 184,000 businesses.

Dan Primack, author of Pro Rata
2 hours ago - Economy & Business

A big part of America's supply chain is for sale

Illustration: Allie Carl, Sarah Grillo/Axios

America's supply chain crisis is a series of intersecting bottlenecks, including insufficient labor and warehouse space, all driven by surging U.S. consumer behavior. But one piece has gotten short-shift on the attention meter: Chassis, the steel frames on which trucks carry shipping containers.

Driving the news: Apollo Global Management is seeking a buyer for Direct ChassisLink, the largest U.S. intermodal chassis provider, as first reported by Bloomberg and confirmed by Axios.

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