EPISODE · Mar 28, 2018 · 24 MIN
Joe Meyer, Founder of ExecThread on FounderFocus
from Angel Invest Boston · host Sal Daher, CFA - Angel Invest Boston
INVEST WITH BOSTON'S LEADING ANGELS JOIN OUR SYNDICATES: Opt In Here 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."
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Joe Meyer, Founder of ExecThread on FounderFocus
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