1. The document discusses a proposed product called ReferenceBook that would automate and improve the reference checking process for recruiters, HR managers, and other hiring professionals. 2. Currently, reference checks are time-consuming, do not scale well, have unclear costs, and lack data analysis and archiving. ReferenceBook aims to address these issues and make the process more efficient. 3. The proposed markets for ReferenceBook are the US, Australia, and India, specifically within certain industries. The document estimates the size of these markets and ReferenceBook's goals to capture a share of the reference checking volume.