20VC: Deel CEO Alex Bouaziz on Raising $300M+ at a $17BN Valuation | Deel vs Rippling: WTF is Going On | Management Lessons from Ben Horowitz and Nik Storonsky | Deel's M&A Playbook: Lessons from 13 Acquisitions: What Works & What Doesn't

**Alex Bouaziz** (0:00)
I feel pretty confident that the same way we've been winning in the marketplace will win in the court of law. So it's just, we just need to play it out. I think I'm in constant wartime, sadly, as well that September was our first 100 million revenue month, which is a very exciting milestone for the business. This round, these new investors, our board has always been with us, kind of shows for where we stand as a company towards this type of litigations.

**Harry Stebbings** (0:21)
This is 20VC with me, Harry Stebbings, and I'm so excited to welcome back what I think is one of the great founders of our generation, Alex Bouaziz, Deel. Now, Deel is the $17 billion global payroll juggernaut that just last week announced their latest $300 million fundraise led by Ribbit, Andreessen, and Coatue. Deel has been on the most insane journey. They now do over a billion in annual revenue. They just had their first 100 million revenue month, and they've been profitable for over three years. I'm very touched by this show. I fricking hate podcasts where there's like a podcast tour, and Alex chose to do one podcast to announce this round, and he chose 20 VC. That meant a huge amount to me. This show was fantastic, and I cannot wait to hear your thoughts. But before we dive into the show today, I love seeing the team come together to make this show happen. What I don't love is trying to keep track of all the information, the data and the projects that we're working on across dozens of platforms, products and tools. That's why we use Coda, the all-in-one collaborative workspace that's helped 50,000 teams all over the world get on the same page. Offering the flexibility of docs with the structure of spreadsheets, Coda facilitates deeper teamwork and quicker creativity. And their turnkey AI solution, the intelligence of Coda Brain, is a game changer. Powered by Grammarly, Coda is entering a new phase of innovation and expansion, aiming to redefine productivity for the AI era. Whether you're a startup looking to organize the chaos, while staying nimble, or an enterprise organization looking for better alignment, Coda matches your working style. Its seamless workspace connects to hundreds of your favorite tools, including Salesforce, Jira, Asana and Figma, helping your teams transform their rituals and do more faster. Head over to coda.io/20vc right now and get six months off the team plan for startups for free.
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