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Simply Hired is shutting down June 26

techcrunch.com

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Re: Simply Hired is shutting down June 26

#3

Post by eganist »

"part-acquisition"

So in conclusion, someone bought up the scraps at rock-bottom prices just before a potential bankruptcy. Ouch.

I suppose it shouldn't be a surprise. They brought on a former Yahoo VP as CEO four years ago. As the article and one of the comments therein pointed out: it seems they didn't have much in the way of new technological or algorithmic advantages to build on and didn't have much in the way of direction-setting from the newly installed executive staff.

Re: Simply Hired is shutting down June 26

#4

Post by mdorazio »

abhi3 wrote: post #2

Is it just me or are several more funded startups shutting down in 2016?

I think you mean "more than usual". I feel like it's more that the media is reporting on failing startups at a higher rate this year since the deflation of the startup bubble is a popular topic.

Re: Simply Hired is shutting down June 26

#5

Post by us0r »

I'd love to know the real story. I'm not a UI/UX expert but it seems pretty clear they didn't put too much into user experience. I'm asked for my email before even showing me a job. Then I go search for another keyword and I'm given results on the other side of the country. Clicking any of those results I have to go click again to "Read More" (basically see the job description).

Re: Simply Hired is shutting down June 26

#6

Post by justizin »

abhi3 wrote: post #2

Is it just me or are several more funded startups shutting down in 2016?

Simply Hired's founder self-funded, FYI, I don't think there was ever any VC money involved.

At least when I worked for them circa 2010 that was the case.

Hope all the smart folks I worked with there land safely.

Re: Simply Hired is shutting down June 26

#7

Post by ecaron »

us0r wrote: post #5

I'd love to know the real story. I'm not a UI/UX expert but it seems pretty clear they didn't put too much into user experience. I'm asked for my email before even showing me a job. Then I go search for another keyword and I'm given results on the other side of the country. Clicking any of those results I have to go click again to "Read More" (basically see the job description).

I'd wager that the investors started to evaluate the actual traffic sources and quality of the candidates going through their system. Upon investigating, although the traffic numbers were high they weren't legit. So rather than trying to right the ship, it didn't have a high enough ROI to save so they just sank it.

Another article with a lot of good data is http://recruitingheadlines.com/simplyhired-shutdown-latest-n..., and I think the Quantcast stat is worth a lot more consideration than the piece gives.

Re: Simply Hired is shutting down June 26

#8

Post by fintler »

justizin wrote: post #6
abhi3 wrote: post #2

Is it just me or are several more funded startups shutting down in 2016?

Simply Hired's founder self-funded, FYI, I don't think there was ever any VC money involved. At least when I worked for them circa 2010 that was the case. Hope all the smart folks I worked with there land safely.

    Simply Hired, founded in 2004 and based in Sunnyvale, had raised just over
    $34 million in funding from investors that include Dave McClure,
    Foundation Capital, Guy Kawasaki, Fox, IDG Ventures and Ronald Conway.

Re: Simply Hired is shutting down June 26

#10

Post by justizin »

fintler wrote: post #8
justizin wrote: post #6

Earlier quoted context omitted.

Simply Hired's founder self-funded, FYI, I don't think there was ever any VC money involved. At least when I worked for them circa 2010 that was the case. Hope all the smart folks I worked with there land safely.

Simply Hired, founded in 2004 and based in Sunnyvale, had raised just over $34 million in funding from investors that include Dave McClure, Foundation Capital, Guy Kawasaki, Fox, IDG Ventures and Ronald Conway.

I stand corrected. I guess they burned a lot of the founder's money first. ;d
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