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Vivek Ravisankar
Accelerate the world’s innovation
Vivek Ravisankar is the Co-founder and CEO of HackerRank, a technology company that specializes in competitive programming challenges and skills-based hiring solutions for developers. He co-founded the company in 2009, initially launching it as InterviewStreet, and it later rebranded to HackerRank. The platform has grown significantly, serving over 7 million developers and more than 3,000 companies, including major firms like Amazon and LinkedIn, to streamline their recruitment processes by focusing on coding skills rather than traditional qualifications like degrees.123
Background
- Education: Vivek graduated from the National Institute of Technology, Tiruchirappalli in India.
- Career Path: Before founding HackerRank, he worked as a software development engineer at Amazon, where he experienced firsthand the inefficiencies in the technical hiring process. This motivated him to create a platform that could improve hiring standards through objective assessments.24
Vision and Impact
Vivek's vision for HackerRank is to transform the developer hiring landscape by emphasizing skills over pedigree. This approach aims to create a more inclusive hiring environment where candidates are evaluated based on their abilities rather than their educational backgrounds. Under his leadership, HackerRank has become a significant player in the tech recruitment space, contributing to a more efficient and fair hiring process across various industries.345
Achievements
- HackerRank was the first Indian startup accepted into Y Combinator, which highlights its innovative approach and potential for growth.
- The platform has raised substantial funding over the years, including a $60 million Series D round in 2022 to expand its assessment capabilities further.13
Vivek Ravisankar continues to be an influential figure in tech recruitment, advocating for a shift towards skill-based assessments in hiring practices.
Highlights
This is a very important 'lesson' -- Gross profit dollars always beat gross margin percentages.
Just like retailers ignored Amazon post-telecom crash to protect their margins while Amazon's customer demand exploded, SaaS companies are now repeating the exact same pattern with AI agents.
Traditional SaaS has 70-90% margins while Agents have 30-40% margins.
Now SaaS companies refuse to give up their margins. Meanwhile, AI-native startups build agentic products, capture customers, and generate higher gross profit dollars.
SaaS will get displaced even if they have the upper hand right now with existing customers, proprietary data & cash flow.
During the cloud transition Microsoft's margin dropped from 80 to 50% but customer growth exploded and their stock 10x'd.
Indiranagar has a Palo Alto vibe, at least when it comes to coffee shops. Here’s one I found today — Araku https://t.co/jwYaiqb1QB

