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I don't necessarily stand with ADP, but I do stand with the vendors. Zenefits is just a thin wrapper around other companies real products and businesses. I su
by jgalt212 11y ago
I don't necessarily stand with ADP, but I do stand with the vendors.
Zenefits is just a thin wrapper around other companies real products and businesses.
I suspect Zenefits true business plan is a trojan horse. Get between a business and its clients, replicate the wrapped business and whamo you put the existing vendor out of business and grab all their revenues.
How else could Zenefits justify their sky high valuation other than for them to be a trojan horse?
- mark212 11y agoall of this kind of insurance is sold through brokers (i.e., a thin wrapper around other companies' real products). That's what Zenefits is competing with -- mom & pop independent insurance brokers, not benefit providers themselves. And entrenched incumbents like ADP who are slow moving and ossified.
- jgalt212 11y agofair enough, but I'm arguing that a simple insurance broker can't justify a $4.5B valuation. They have to go for a much bigger piece of the pie.