Anything Else You Would Like Us to Know Regarding Your Revenue or Growth Rate?
Employbl YC application (Summer 2019)
Company name:
Employbl
Company url, if whatever:
https://employbl.com/
If you lot accept a demo, what'due south the url? For not-software, demo can be a video.
Describe your company in 50 characters or less.
We generate leads for in house talent teams
What is your visitor going to make?
Employbl is a subscription service to supplement the sourcing efforts of in-house talent teams. We focus on Digital Marketing and Technology opportunities in the Bay Expanse for budding talent teams, Seed to Series C.
Where practice y'all alive now, and where would the company be based subsequently YC?
Alameda, CA
Delight enter the url of a 1 minute unlisted (not private) YouTube or Youku video introducing the founder(s). (Follow the Video Guidelines.)
Which category all-time applies to your company?
Recruiting/Talent
How far along are you?
I'm working on the project full time, recruiting for two startups and a little over 1 hundred candidates take signed up. The site works but I need to build more into the candidate search and have meliorate candidates and more companies onboard.
How long take each of yous been working on this? How much of that has been total-time? Please explain.
I had the idea and registered the domain name back in 2016 when I was a technical recruiter at a recruiting bureau in San Francisco! It was a side project that landed on the front folio of hacker news back in July. That was heady for nearly two seconds. I've been working on this full time for most a month.
Are people using your production?
Aye
How many active users or customers do you lot have? If you lot have some particularly valuable customers, who are they? If you lot're edifice hardware, how many units have yous shipped?
I'm partnering with Lob and Snapdocs to help them source talent and hire.
In that location are 142 active candidates in the organization right now, that's skilled individuals taking a proactive approach to finding a new job. When new chore postings come in from employers, I source for those companies particularities similar years of feel and cognition of certain tools. It's nice having quality candidates come inbound though!
Do you lot have revenue?
No
Anything else you would similar united states of america to know regarding your revenue or growth rate?
I focused on number of candidates signing up for a few weeks, but after feedback from a hiring manager and friend of mine I've realized that it's the quality of relevant candidates and how I present that information, not the number of candidate signups that'south important. I'll be spending my fourth dimension going forward building amend matching tools and then that employers run across relevant candidates and don't have to spend wasted time reviewing resumes.
If you've applied previously with the same idea, how much progress accept you lot made since the last time you practical? Annihilation alter?
This is my commencement time applying to YC
If yous accept already participated or committed to participate in an incubator, "accelerator" or "pre-accelerator" program, please tell us virtually it.
I take not participated in any accelerators.
Why did y'all pick this idea to work on? Practise you take domain expertise in this surface area? How do y'all know people need what you're making?
I picked this idea to work on considering of my experience hunting for jobs as a junior engineer in the Bay and my experience equally a technical recruiter. There'south no way it's necessary to charge 15–xl% of people's first twelvemonth salary to brand hires. I worked difficult as a recruiter and brought in over a 1000000 dollars for my bureau but saw that everybody's candidate database is siloed. It didn't feel right to be protecting and hiding candidate info to make sure I got paid. I know people need this because of the thousands of candidate conversations, personal feel and the fact that companies nevertheless pay agency recruiting fees, even to software companies like Hired and Vettery.
What's new about what you're making? What substitutes practise people resort to because it doesn't exist even so (or they don't know nigh it)?
Employbl is new on the employer side because there's no hiding candidate information or charging per hire. Our job is to provide qualified talent leads to internal recruiting teams, just like marketing teams funnel leads to sales teams.
For candidates we provide a rich (open up source) database of Bay Surface area companies to help them when chore hunting. This isn't new only sites like Craft and Crunchbase accuse people to utilize it, which isn't something chore seekers are willing to buy.
Who are your competitors, and who might get competitors? Who do you fear most?
Hired, AngelList (Source and A-List), Vetterey, Indeed sourcing, Third political party recruiting agencies.
What do you empathize about your business that other companies in information technology just don't become?
Data should exist open and accessible to all, especially candidates who want jobs. Hiding candidate info
How practice or will yous brand money? How much could you make?
(We realize you can't know precisely, simply give your best guess.)
Employbl is a subscription service for young companies, seed to series C.
8 cities, 300 companies per city signed up at $500/month = ~$14 million ARR
at $250/calendar month = ~$7 million ARR.
How will you go users? If your idea is the type that faces a chicken-and-egg problem in the sense that it won't be attractive to users till it has a lot of users (e.g. a marketplace, a dating site, an advert network), how will yous overcome that?
The company discovery tools and rich information about companies helps bring active candidates entering. When new task openings come up in from our partner companies the requirements are specific then I need to tap into my network and hitting the phones to find them leads, traditional recruiting work!
For bringing on initial employers as early adopters I'll be relying on friends and give-and-take of mouth. We're at ii companies correct now and haven't fabricated any placements all the same so need that dialed in! One time I start making placements I have an unabridged database of companies to attain out to and offering my services.
Have y'all incorporated, or formed any legal entity (similar an LLC) yet?
Yep
What kind of entity and in what land or country was the entity formed?
(e.g. Delaware C Corp)
Delaware C Corp
Delight describe the breakdown of the equity ownership in percentages amongst the founders, employees and any other stockholders. If there are multiple founders, exist certain to give the equity ownership of each founder.
Connor — 100% of shares
Are whatsoever of the founders covered by noncompetes or intellectual property agreements that overlap with your project? If and then, please explain.
I am not covered by any noncompetes from my recruiting agency and I work on this total time.
Who writes code, or does other technical work on your product? Was any of it washed past a non-founder? Please explain.
I write the lawmaking and built the website.
Is there anything else nosotros should know near your company?
(Pending lawsuits, cofounders who have left, etc.)
One area I've been focusing on is providing information to candidates about the tech stack companies use and the office locations of all the companies using that tech stack. It was something I knew needed to be during my job hunting but no one had done information technology in an accessible and easy to utilize way.
If you had any other ideas yous considered applying with, please list them. One may be something we've been waiting for. Often when we fund people it'due south to practice something they list here and non in the main application.
I idea is to have personal shoppers in Cape Town send swag to Americans.
When I was in Rwanda I worked with a friend on a software solution for a dairy factory called Cows N Hills. Never applied to YC with information technology but could've been crawly.
Please tell the states something surprising or agreeable that i of you has discovered.
(The answer need not be related to your project.)
The most confident candidates afterward the interview never gets the job.
Source: https://medium.com/employbl/employbl-yc-application-summer-2019-d36f24a67f02
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