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by mlchild 3703 days ago
There's two ways we think this could go:

1. We make money from companies via recruiting fees. In this scenario, our goal would be to present listings that we make money from via "sponsored links" a la Google search. As we grow our pool of job-seekers, we'd concurrently be able to expand the number of companies we have recruiting agreements with, thus making our implicit incentive to be biased towards a small number of companies weaker and weaker. If we got a significant portion of all job-seekers using our service, we'd probably be able to introduce a standardized recruiting agreement that companies could sign onto online in a self-serve fashion, minimizing our need to do "on the ground" sales.

2. If that approach doesn't work, we'd hope to offer services to job-seekers that they're willing to pay for, such as resume reviews, interview coaching, and the like. There's also the possibility that we could come to some agreement with seekers for a (very small) percentage of their signing bonus/salary at a new job that we help them find. Obviously we have to provide excellent service to earn this, but that's what we aim for!

1 comments

Approach #1 sounds like many that of existing recruiting firms. Until you achieve scale, you will be influenced by the same incentives that haunt this industry.

Approach #2 is more interesting. You're basically acting an "agent" for a job seeker. It's an idea I've seen discussed a fair amount (including on this site), but I don't know of anyone who's succeeded at it at scale.

Good points in both cases. For approach #1, I do think the Google example is somewhat analogous—ideally we'd survey all existing options more and more effectively, and explicitly call-out our "sponsored links." The incentives are more clearly aligned with the seekers in approach #2, but we're still in the early stages of exploring the willingness-to-pay or willingness-to-revenue-share of our users.

Our near-term goal is to grow the pool of seekers as quickly as possible and test the viability of both approaches. Having worked on some products that people like-but-don't-love, this one is much easier to market because the users genuinely love it.