Mar 28, 2018
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Joe Meyer founded ExecThread, https://execthread.com/, to solve a pain point he felt acutely himself. Joe had sold his company to Apple and, after the obligatory stint at the acquirer, was looking for a senior executive position. He was astonished when he revealed all sorts of important things about his career profile to a recruiter and the recruiter did not take notes. That’s when it hit him that the recruiting industry was totally broken and he decided to build a solution for the problem. Two and half years later he has $7MM in VC funding and 25,000 highly selected and engaged users helping him map where the “hidden jobs” are. Among his backers is a co-founder of LinkedIn who was astonished that ExecThread could be aware of the “passive job seeker”, execs who would entertain an offer but who are not seeking a new position actively. Listen to this interview with a founder building a company that promises to be very big and very profitable.
Some of the topics addressed:
- Sal Daher’s Pitch for Angel Invest Boston Syndicates
- Introduction of the Guest
- “Absolutely. I also experienced the pain point when I hired executive recruiters as a hiring manager at my last two companies as well, so I've seen it both from the candidate-facing perspective now, as well as from the client or hiring-company perspective.”
- How ExecThread Works – Accessing the “Hidden Job Market” for High-Level Execs
- “I quickly realized, though, that this walled-garden approach in the executive search industry actually benefits executive recruiters much more than it does hiring companies, and far more than it does candidates.”
- “…we've created the largest aggregator of non-listed and non-published jobs in the world, that you won't find on any other job platform out there.”
- How ExecThread Got VC Funding
- LinkedIn Co-Founder Lee Hower about Execthread: “"Wow, you guys have access to the passive job-seeker."
- Joe Meyer Speaking of Executive Recruiters: “…I gave them everything that wasn't on my LinkedIn profile, and the thing that amazed me was, they didn't write it down.”
- “For an incredibly manual process that we think can be largely automated. And there's a lot of inefficiency in this industry, but there's also a large appetite to pay for solutions.”