[anongraddebt]

My VC professor was the other co-founder of SurePayroll. He and Alter actually presented the idea to the CEO at Paychex in the late 90's. The CEO told them it was an extremely stupid idea that would never take.

About a decade later that same CEO was writing a check to them for $100M+.

They didn't even know how to design the algorithm for calculating payroll. They put the site up and had some elderly ladies who loved doing payroll calculate everything by hand and then send it back to a user within 24 hours. This went on for two months until they had figured out the algorithm.