![]() “We believe that Glassdoor is fundamentally changing the way job seekers search for jobs and companies recruit talent. ![]() Amazingly, only 4,000 companies globally are doing this right now, pointing to a lot more opportunity for Glassdoor to grow just on its existing business model. More transparency, of another sort, is also the basis of Glassdoor’s business model: the company has profiles of some 500,000 businesses in its database, and it makes money when those companies pay to have better access to update and tweak their profiles. Hohman, who founded the company with Zillow co-founder Rich Barton and a former colleague of his from Expedia, Tim Besse, describes the job-finding market as asymmetrical and thus ripe for tackling: it was about time that people were able to know more first-hand about the places where they were looking to work, rather than letting recruitment companies or the companies themselves hold all the cards. “You use LinkedIn to research people, not companies,” Hohman said in contrast.Īttempting to achieve more transparency for the job-hunting and recruitment industry is essentially what the “glass” in its name references. What makes Glassdoor different is that it’s not only an aggregator of job openings - like many of the rest - but it’s also a user-generated content site of sorts, providing profiles of businesses based on feedback from current and former employees.Īs such, it becomes a repository for researching companies as much as a place to look for work. (The latest scuttlebutt on that, by the way, is that the buyer is Recruit, although a spokesperson for the company has responded to my questions only with a non-committal statement: “Based on our disclosure policy, we’re afraid to say that we’re unable to comment on the specific deal’s existence, possibility, or progress.”) Witness the news earlier this week that Simply Hired is getting shut down and reportedly acquired. And there is also some consolidation happening at the moment. ![]() There is a veritable flood of job sites on the internet right now, with some of the biggest including LinkedIn, Recruit Holdings (owner of ) and . Rowe Price, which led the round with participation also from previous investors Battery Ventures, Google Capital, Sutter Hill Ventures and Tiger Global. The round, he said, is a “slight up-round” compared to its previous fundraise, which was $70 million in January 2015. ![]() Rather, he said it was a chance to get to get a new investor on board that Hohman already liked: Henry Ellenbogen and T. There is still money in the bank from the $200 million it’s raised to date and Glassdoor, he said, is making more in revenues than certain public companies (no names, and no specifics on numbers nor whether Glassdoor is profitable). The company - which helps people look for jobs and research companies that interest them based on feedback from others - has raised another $40 million in funding, a Series H round that values the company at around $1 billion and co-founder and CEO Robert Hohman describes as “opportunistic.”īy that, he means that Glassdoor was not looking for funding at the moment. As the job market becomes more competitive in some industries and unemployment holds steady and even drops in certain regions, job site Glassdoor is reaping some of the rewards. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |