ceo joshua reeves explains the strategy. ery single business in america and in the world is connected to it. our business is getting people paid. companies like adp and paycheck cap market caps over $60 million combined. cory: i see people already have adp and paycheck. paycheck is kind of newer but they have been around for a long time. what are the innovations of they have missed? joshua: 6 million companies in the u.s. that use payroll, they serve about one million of them. it is a fragmented market. 40% of businesses today do payroll by hand. that was the shocking stat. what we have done is try to bring this philosophy of modern software where things should work seamlessly, be easy-to-use anyone can access it. for a small business owner that has been underserved and alienated for a long time. cory: given your total bias on this, described to me this fruit a process that adp's software is written and paycheck as well. joshua: we have a lot of respect for companies in the space. in our case, the way that payroll is done, we

joining us live from our 1 market bureau in san francisco, joshua reeves.u this morning. >> good to see you again as well. >> what will google bring to your existing slate of investors that you didn't have before? >> we're very excited to have them involved. for us, really funding is the enabler not the destination. we're going through a lot of hyper growth in the business. they have a tremendous amount of experience with scaling. as we go from really less than 60 people to over 300 this year, they can bring a lot of expertise on how to grow in a way that still celebrates our culture. >> some of your competitors already have quite a bit of scale, now taking their business into the cloud as well. how much of that gap can you close with them with this new roupd of funding? what do you see as the competition between you and some of those other bigger players? >> when we started the company a little over three years ago, we had this bold idea that payroll was really about people and a time to celebrate a person's work and the time they spend on the job. paychec