David Sacks

Blog Author

David Sacks

David was the interim CEO of Zenefits in 2016. He is an Internet entrepreneur who was the founding CEO of Yammer and original COO and product leader of PayPal. He also produced the award-winning independent film Thank You For Smoking. He is an angel investor in tech companies like Facebook, Uber, Airbnb, Houzz, SpaceX, and Palantir.

July 25, 2016

First Regulatory Milestone

All- I’m pleased to announce that Zenefits has entered into its first regulatory settlement concerning its past licensing practices. As you know, we brought our licensing into compliance shortly after I became CEO in February and self-reported the issue to all the state departments of insurance on March 1. However, the question of the company’s […]


May 9, 2016

The New Zenefits – Becoming the Compliance Company

Three months ago, I became CEO of Zenefits after an internal investigation brought to light deficiencies in the company’s licensing compliance. In my Day 1 memo, I said that we would be transparent about these failings, because in order to fix a problem, you must first admit that it exists. Regulators and the public have […]

employee information

February 26, 2016

A Letter to Zenefits Customers

As our valued customers, I want to update you on our change in leadership and renewed focus on your success. As you may have seen in the news, Zenefits is dealing with a situation in which a number of its sales representatives did not meet all of their licensing requirements in states where they transacted business […]