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RecruitLoop: The First 2 Years - #MyStartupStory
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RecruitLoop: The First 2 Years - #MyStartupStory


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RecruitLoop: The First 2 Years. #MyStartupStory. …

RecruitLoop: The First 2 Years. #MyStartupStory.

We started in Sydney, solving the problem one entrepreneur had with high cost recruitment.

See how we built our founding team, launched the first product, raised seed investment, nearly missed a wedding thanks to Hurricane Sandy, moved to San Francisco, and have started growing the team.

It's been a fun ride, with more to come!

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  • 1. The first 2 years... #MyStartupStory
  • 2. It all started in Sydney
  • 3. This is Garry an entrepreneur in Sydney, Australia
  • 4. Recruitment was killing him How could I pay a recruiter $20K for 20 hours of work?!
  • 5. He tried doing all hiring himself
  • 6. Then he found a new option An independent recruiter who charged by the hour
  • 7. $1-2K per role? Much more reasonable “Hiring at 80% less than traditional costs? No wonder my friends want the recruiter’s details.”
  • 8. “What about a marketplace of recruiters?”
  • 9. Garry connects with Denis Developer, designer, all-round product guy
  • 10. And they start on a prototype
  • 11. “We have a product concept, but want to build a business” A friend introduces them to Michael
  • 12. The plan evolves… Every Sunday for 3 months
  • 13. Let’s Do It.
  • 14. Solution: Michael moves into the spare bedroom JAN 2011 Problem: This will take some time to do properly
  • 15. MAR 2011 First 12 recruiters on board We paid a recruiter by the hour to find others. “This really works”
  • 16. MAY 2011 First customers! “Now we just need customers who aren’t family and friends…”
  • 17. JUN 2011 We move from bedroom to workspace
  • 18. AUG 2011 And launch Version 1 of our website
  • 19. But something isn’t right... We get some attention The company is doing something pretty unique — RecruitLoop’s closest competitor isn’t all that close.
  • 20. Problem! 3 outsiders building a new recruitment model “We need industry experience”
  • 21. “You guys should meet Paul”
  • 22. “I want in!”2 weeks later
  • 23. And now we are FOUR
  • 24. FEB 2012 Funding from friends, family, founders SOLD ...including Paul, who was REALLY in
  • 25. Leads to steady national growth
  • 26. APR 2012 Now Bay Area Calling
  • 27. Accelerator in Silicon Valley for non-US startups Including 2 weeks at Blackbox Connect
  • 28. A ‘shot in the arm’ from the Valley
  • 29. Next, some inbound international interest Recruiters from US, New Zealand and Saudi Arabia
  • 30. Including Seral, in Saudi Arabia ...who found our blog on Google, started a web chat, joined as a recruiter, then asked to invest!
  • 31. Surprisingly, the industry doesn’t hate us Tamara Both Rockstar Recruiters Bernadette
  • 32. Well, some people do :)
  • 33. MAY 2012 We release Version 2... Including recorded video interviews
  • 34. And our first recruiter hits She’s a Rockstar! 50 projects
  • 35. Meeting, pitching, learning. San Francisco, Round 2NOV 2012
  • 36. A side trip to NYC... almost ends in disaster
  • 37. But thanks to a quick escape...
  • 38. Michael makes it home just in time Unfortunately, there is no honeymoon... NOV 2012
  • 39. ...he pitches Jason Calacanis instead
  • 40. Jason Calacanis “You guys should pitch at my conference”
  • 41. Nah… We’ll move there instead! Fly to San Francisco for a single event? SALE TOTAL
  • 42. Land in SF, head straight to Launch Festival MAR 2013
  • 43. Get some sleep, find an office.
  • 44. Problem: Back in Sydney, Paul doesn’t have enough RecruitLoop in his life
  • 45. Problemsolved:Anewcar
  • 46. Including a #HiringHacks event with LinkedIn Exciting growth in a new market
  • 47. We raise some seed investmentAUG 2013
  • 48. Problem: Have a bit of money. Needed more humans. Solution: Start hiring. 200 applications and a LONG process: Jenn Steele Nima Elyassi-Rad
  • 49. Now: Happy Second Birthday! 500+ roles hired. Awesome community of 100 recruiters. 6 countries. 500+ roles hired. Awesome community of 100 recruiters. 6 countries. SEP 2013
  • 50. What next? w e @recruitloop Stay tuned to find out or get in touch...