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by holoduke
2537 days ago
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A little bit off topic and a bit pessimistic, but I have just started a new company and I am surprised how high the rates are for services related to job postings/cofounders. Linkedin, angellist etc. If you don't watch out you can easily spend 50k on zero result. Unfortunately not all startups are backed by 5m. Wonder how much this service costs. |
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1) act as recruiter yourself. Yeah, some activist investors will tell you to only focus on core business stuff/creating product market fit but that's just certain people's opinion. Presumably you have some kind of network you can leverage + you can cold message people earnestly
2) Contract with a recruiting agency to perform some of the administrative/vetting part and give you the candidate for 1-2 interviews. You only pay for each hire. Expensive (I've heard of rates in the 10-30k range) but definitely does not cost $50k for zero result. This has the added benefit of allowing you to bundle recruiting tasks that you yourself probably don't have time for like background checks