SearchVetter Investment Thesis

A Better Way to Search
InvestmentThesis
April 2015
1
The Next Generation in Talent Acquisition Technology
Copyright © 2015 SearchVetter & Trinity, Inc. - All Rights Reserved.April 2015
Confidential

• In 2003, LinkedIn created an online network for business professionals
to connect and interact.
• Their investment thesis claimed that‘Professional People Search’
methods were cumbersome and outdated.
• Their pitch toVC firms successfully tied their value to the network itself
by accurately purporting three methods of monetization.
• Supported by several well known business analogies, LinkedIn was able
to raise $4.7 million dollars in 2003 to launch the site.
2
Background A Better Way to Search
April 2015
Confidential
Copyright © 2015 SearchVetter & Trinity, Inc. - All Rights Reserved.
ﬁgures and statistics are approximations based on general internet search

• It wasn’t until March 2006 they finally broke-even.
• In 2008, LinkedIn raised another $53 million for 5% of the
company; a post-money valuation of $1 billion.
• In 2014, their annual revenue exceeded $2 billion.
• LinkedIn’s stock is currently trading at $268 dollars per share
with a market cap of $33.27 billion.
3
Confidential

• Talent Solutions account for 60% of LinkedIn’s revenue
• Marketing/Ad Solutions account for 20% ($400 million)
• Premium Subscriptions account for the other 20%
• The US accounts for 61% of LinkedIn’s revenue
4
April 2015
Confidential

• Recent estimates indicate 332 million people use LinkedIn
• Approximately 107 million are from the United States
• Approximately 40% visit on a daily basis
• Approximately 187 million unique visits per month
• Used by 200 different countries
• Translated across 20 different languages
5
April 2015
Confidential

• All Candidate Profile Data is unverified
• Limited Functionality (candidate search & communication)
• Talent Solution features are expensive
• No Recruiting features
• NoVetting features
• No Automation
6
The Problem
April 2015
Confidential

• Everyone using LinkedIn is a self proclaimed‘expert’
• Not a complete hiring system
• Only trackable communication is email
• Each user license is over $8,000
• Recruiting &Vetting must be done separately
• Lack of automation makes the platform time consuming
7
The Result
April 2015
Confidential

• It is impossible to identify talent when everyone is an expert
• Companies still pay for job listings and ApplicantTracking Solutions
• Communicating with candidates is labor intensive
• License fees only give access to candidate profile data
• Companies still spend time and money on recruiting & vetting
• LinkedIn is not an efficient recruiting or vetting solution
8
Conclusion
April 2015
Confidential

SearchVetter has come up with a better way to
Identify, Recruit, and Differentiate talent
…all with a click of a button
9
A Better Solution A Better Way to Search
April 2015
Confidential

First…it provides companies with better
(i.e. more accurate) information; thus facilitating a more
informed decision making process
10
What makes SearchVetter a better option?
Verified Candidate Data
Product Features A Better Way to Search
April 2015
Confidential

Second…its a matching tool to make it much
easier to find the right candidate
11
Example on Following Page
Confidential

12
Match Results A Better Way to Search
April 2015
Confidential

Third…it’s Easier to use because it works
intuitively like a search engine
13
Example on Following Page
April 2015
Confidential

14
Intuitive Interface A Better Way to Search
April 2015
Confidential

Fourth…it’s Faster because the automation
features & algorithm work 24/7
15
Examples on Following (3) Pages
April 2015
Confidential

16
Candidate ProﬁleView A Better Way to Search
April 2015
Confidential

17
With as much data as the system
provides, it is important for
companies to have access to all of
it without overwhelming the user.
Categories are easy to identify
with appealing icons and all data
can be drilled down in to much
more detailed spreadsheets and/
or reports
Fast & Organized A Better Way to Search
April 2015
Confidential

18
Drilling Down A Better Way to Search
April 2015
Confidential

Finally…it’s Cheaper than a job listing
yet more reliable than anything else on the market
19
April 2015
Confidential

Primary Revenue
$150 per Listing
20
Companies Pay Fee - Candidates are Free
Pricing A Better Way to Search
*Current Listings on Monster = 15 million
*100,000 Listings would yield $15,000,000 million
April 2015
Confidential

Secondary Revenue
Marketing/Ad Solutions - CPC, CPM
21
Additional Revenue A Better Way to Search
*LinkedIn’s current Marketing/Ad Solutions = $400 million annually

• Candidates don’t want to manage another profile
• Candidates won’t trust SearchVetter with their social networks
• Candidates won’t authorize their verification channels
• General lack of trust with personal information
22
Market Barriers A Better Way to Search
Candidate Barriers
April 2015
Confidential

• Companies don’t see candidate profile exaggeration as an issue
• Companies don’t need a pre-verified source of candidate data
• Companies already have access to plenty of candidate databases
• Finding qualified applicants is not the hard part
23
Company Barriers
April 2015
Confidential

• You can't compete with LinkedIn
• Global Recruiting Market is too competitive
• Competitors have more money and better developers
• SearchVetter will cost too much to build
• Competitors would develop the same technology in 3 months
• SearchVetter’s scope is too broad…i.e. too vague for it to work
• Trying to solve too many problems…i.e. it can’t be done
24
General Barriers
April 2015
Confidential

…perpetually seeks to validate all Candidate Profile Data
…locates, recruits, and differentiates pre-qualified applicants
…has automation capabilities built-in to operate 24/7
…is a fraction of the cost & exponentially more efficient
25
Unique Functionality A Better Way to Search
A Far Superior Platform because it…
April 2015
Confidential

26
SearchVetter LinkedIn CareerBuilder Monster Indeed ZipRecruiter SimplyHired Glass Door
Veriﬁed Candidate Proﬁle Data X X X X X X X
Limit Applicants to Pre-Qual Candidates X X X X X X X
Automated Recruiting Protocols X X X X X X X
AutomatedVetting Protocols X X X X X X X
Advanced/Searchable Hiring Metrics X X X X X X X
Virtual Interviews X X X X X X X
Searchable Candidate Database ✓ X X X ✓ ✓ X
Free Premium Services for Candidates X ✓ ✓ ✓ ✓ ✓ X
Job Board Listings ✓ ✓ ✓ ✓ ✓ ✓ ✓
Automatic Job Updates ✓ ✓ ✓ ✓ ✓ ✓ ✓
Job Board Aggregator X X ✓ ✓ ✓ ✓ ✓ X
Major Competitors
Service Comparison A Better Way to Search
April 2015
Confidential

Just like it was back in 2003, technology used for
Professional People Searches is cumbersome and outdated.
Cheaper, Faster, Easier, & more Reliable than LinkedIn
…and everything else on the market
27
Summary A Better Way to Search
is
April 2015
Confidential

ThankYou
28
📧 📼
Contact Us Product Demo
The Next Generation in Talent Acquisition Technology
April 2015
Confidential

SearchVetter Investment Thesis

Recommended

Recommended

More Related Content

Viewers also liked

Viewers also liked (6)

Similar to SearchVetter Investment Thesis

Similar to SearchVetter Investment Thesis (20)

Recently uploaded

Recently uploaded (13)

SearchVetter Investment Thesis