Warp

Meet Edwin Dorsey, the 26-year old exposing $10B public companies misleading investors and harming customers 🎧🍌 This new episode of my podcast explores using public market short selling tactics for startup customer and market research. I’ve enjoyed Edwin’s research since starting his newsletter the Bear Cave in 2020, and he shares his best kept secret for doing customer research: FOIA requests. We also talk common corporate red flags, the economics of his media business, almost getting kicked out of Stanford for raising issues at Care dot com his sophomore year, Planet Fitness’s illegal billing operation, Hershey’s Mr. Beast problem, and the creator economy more broadly. Search "The Peel" in your favorite podcast player, or link to listen / watch in the comments 👇 I'm also linking to his newsletter The Bear Cave in the comments - one of the few newsletters I've ever paid for. He sends weekly summary emails and a few longer reports each month.

Julius is currently migrating from Rippling to Warp and the Warp team is completely cracked. I requested a setting and their head of engineering shipped it in an hour 🙏

1/ Big news from Warp! We’ve raised $5.7M from HOF Capital, Y Combinator, Abstract Ventures + a ton of amazing builders and angel investors. Also excited to share more about – - Our customers - Our platform - Our grand vision - In-person launch events in SF + NYC 2. Our investors We raised $5.7M from HOF Capital, YCombinator, Abstract Ventures, with participation from Kevin Hartz (A* Capital), Niv D. (Shrug Capital), Balaji Srinivasan, Elad Gil, Amjad Masad, Eric Stromberg, Dan Romero, Jordi Hays, and more. 3. What is Warp? Warp is payroll, compliance, and benefits made for startups. We automate all the annoying tax registrations and filings that come with hiring in new states, so payroll can be done by the founder, for longer. Unlike dated platforms that try to get you to do 360 performance reviews on your team, Warp is designed to get in, get done, and get out. 4. Our customers We’re lucky to have hundreds of ambitious startups who use Warp to simplify running their companies. Always on the cutting edge, our customers range from founders trying to turn the personal computer into a friend (Tab) to an AI devtool that turns Github comments into working code (Ellipsis (YC W24)) 5. Who we are We’re a team of builders who got so frustrated dealing with taxes, paperwork, and compliance as part of running a company that we decided to do something about it. 6. What does the big vision look like? Warp’s mission is to build the best payroll, compliance, and benefits platform for startups. Founders have hundreds of fires to fight constantly, but running and paying your team shouldn’t be one. At Warp, we believe in craft, writing performant code, and giving an unparalleled user experience to our customers. 7. Want to use Warp? If you’re a founder looking to make your life way easier when it comes to payroll, checkout joinwarp.com 8. Any open roles?  Yes! We’re hiring for a backend eng role. We keep our team small, ship extremely fast, and are constantly working with our customers to develop new features. We pay top-of-market in cash and equity, and you’ll have lots of ownership. You’ll work directly with me and Adam Rankin. If that sounds exciting, DM me or him. 9. Finally,  if you're in SF or NYC, we’re hosting in-person founders events next week. DM me if you want to join. And yes, there will be a few cool Warp hoodies we’ll be giving away at the events! Come hang with us. 

Startups are the driving force of innovation in embedded finance, and that includes payroll! That's why we're launching Check for Startups today, our dedicated program for rising platforms to build successful payroll businesses from day one: checkhq.com/startups Learn more about startups like Miter, Dripos and Warp have partnered with Check to scale their business: https://lnkd.in/ejnQHpkA

Instead of hiring employees, startups seek out independent contractors to ease their growing pains and stretch their budget further. But how do you know if hiring contractors is right for your business? Here are some things to keep in mind: Hiring employees is expensive: The average annual salary for US tech talent is $158,000. Many tech workers also expect other benefits, like equity (67%) and sign-on bonuses (53%), when they accept a new job. On the other hand, 81% of hiring managers report that working with freelancers helps them be more cost-effective. Working with contractors allows you to keep the business running while also keeping your employment expenses and overhead costs low. Hiring contractors also allows you to take advantage of an expert’s skills and knowledge with minimal onboarding required. Because they already have the expertise you need, they can get started on your projects right away. Compare that to full-time or part-time employees, who typically need onboarding and training before they generate returns on a startup’s investment. Contractors are ideal for short-term projects or tasks that don’t require 40 hours of work a week to complete. For instance, a startup might work with a contractor to build a new website or test out a new marketing strategy. Many businesses with seasonal or constantly-changing workloads also use contractors to support their main workforce. Because freelancers give startups the flexibility to scale their team up or down as needed, these organizations are able to capitalize on unexpected business opportunities. Read this and more, on the Warp Blog at https://lnkd.in/er-Gb7JS

Warp x Fondo If you're a busy founder, now you can simplify your entire backoffice -- payroll, state tax registrations, benefits, Delaware Franchise Taxes, Corporate Taxes, R&D credits, and more -- all in one place.

Checkout our new blog at https://lnkd.in/d7v6HWv5!

Come build the future of payroll and compliance for startups with us!

If you're tired of managing compliance action items, give us a try at joinwarp.com!

Excited to announce our partnership with Check!