Earlier quoted context omitted.
I respect that this is a new way of doing things, but would disagree. With The Lobby, they're not obliged to give you a referral, a job, an interview or anything of the sort. They only get paid for their time and insights. Our thesis is that the "insider" has in their head (even in the junior-most roles) incredible insight into what it takes to land a job they have, how to position their story, what recruiting timeli…
Oh, I was not personally saying that what you are doing is wrong, I was just replying to parent on how remuneration to an insider can be seen.
Launch HN: The Lobby (YC W18) – 1-on-1 calls with company insiders to get hired
151–160 of 167 posts
Re: Launch HN: The Lobby (YC W18) – 1-on-1 calls with company insiders to get hired
#152Earlier quoted context omitted.
hello! firstly, thank you very much for the kind words on wanting to help win + the thoughtful response. - To your points on challenging & controversy: understand it's ambiguous, was trying to be concise. Basically the point is conventional wisdom is that in recruiting, companies pay, job seekers don't. And if you charge job seekers, certain people think you are preying on the vulnerable. We are continually tweaking…
>What's the price you can put on that? As you might guess, I would have paid anything. I did eventually find a way in but that doesn’t change the point. Let it commence then. Ramp this thing up and make it scale. Do it so well I’ll want to brag about even trying to challenge your ideas. For real man, make it so.
Re: Launch HN: The Lobby (YC W18) – 1-on-1 calls with company insiders to get hired
#153This is extremely smart. I hope you succeed, especially considering I was initially filled with cynicism for the first five seconds until I read your marketing type. Others might disagree, but it won me over because it reminded me of similar products in other markets. A good analogy in the audit space would be a pre-assessment. You pay for a pre-assessment to get an informal walk through the process on a much smaller…
Exactly! Do you have any thoughts on how to convey this benefit to users? Most of them get it, but sometimes we get people who compare us to "reaching out on LinkedIn" which clearly is not the case, since any other kind of conversation isn't really a practice run - it's the real thing!
If you could fix that either in the form of a delayed invoice until after the applicant has found a new job or by some form of no-cure-no-pay guarantee then I would be happy to refer people to you.
best of luck with your company!
Re: Launch HN: The Lobby (YC W18) – 1-on-1 calls with company insiders to get hired
#154As several mentionned, "spilling the beans" about the ins and outs about a current employer, and getting paid for it, is really frowned upon in some industries. At least in Europe, in the industries I worked in, I always had a clause in my contract about releasing company information that was ground for termination without pay and/or damages. Being paid to reveal intel would be ground for termination. I get it, we al…
Thank you for the kind words and feedback! I'm copy pasting some stuff from the thread below. "Definitely agree that this could be a problem. Practically speaking - we keep identities anonymous and so employees are protected. Ethically speaking - if you have a buddy inside the company, they'll tell you how to prep with information the company wouldn't want you to know anyways. It all comes back to our main point - if…
I feel there are two views on this: From the candidate's perspective, his/her buddy might "owe" it to them to provide additional info which will give them a leg up in the application/interviewing process.
From the buddy's perspective, if they (company/hiring manager) have already decided on one candidate, it _might_ be fruitful to help them get the job, otherwise it would amount to unethical behavior by not giving all the candidates an equal footing.
Re: Launch HN: The Lobby (YC W18) – 1-on-1 calls with company insiders to get hired
#155Earlier quoted context omitted.
Indeed, most companies' HR would ban their employees from monetizing their positions at the company in this fashion. If this works, how about vendors paying IT personnel for inside dope on how to sell to the company, or paying them directly to come in and make a pitch? Where do you draw the line? There are gray areas, how different is it to pay for a fancy night out to 'pick your brain' about networking? Or use 'expe…
I agree that if not controlled properly - it can take all sorts of shapes and forms. The best we can do is work with good intentions, put measures in place to avoid bad behavior, and focus on driving more of the positive kinds of interactions. I think our model is worth trying because the alternative is the status quo, where the only ones with access to this information are family members, top school alums, or people…
Re: Launch HN: The Lobby (YC W18) – 1-on-1 calls with company insiders to get hired
#156Many companies offer mid to low four figure referral bonuses for referring candidates that are hired in hard to find fields like finance, engineering. Perhaps you can pre-screen “long-tail”[1], high potential candidates and connect them with insiders. You could give a portion of the insider’s referral bonus to the candidate to drive that side of the market. Candidates don’t have to come out of pocket to incentivize t…
again my only concern is when The Lobby does pre-screening without giving any coaching, we again resort to arbitrary measures such as resume, good grades, etc. instead of trying to be a source of coaching, insight, & improvement for candidates.
For the candidates that reach a certain threshold on The Lobby (say, 3 insiders screened them over a call and see potential), then something like this makes sense so they can make their money back. Vettery gives candidates a $500 incentive to use them to get hired, which is a nice idea. Thank you!
Re: Launch HN: The Lobby (YC W18) – 1-on-1 calls with company insiders to get hired
#157How do you prevent companies from sending you fake applicants to find internal leakers? An anonymous person whose known to work at a particular can be easily identified by the information to which they have access and possibly their communication still itself.
Re: Launch HN: The Lobby (YC W18) – 1-on-1 calls with company insiders to get hired
#158Re: Launch HN: The Lobby (YC W18) – 1-on-1 calls with company insiders to get hired
#159Earlier quoted context omitted.
I agree that if not controlled properly - it can take all sorts of shapes and forms. The best we can do is work with good intentions, put measures in place to avoid bad behavior, and focus on driving more of the positive kinds of interactions. I think our model is worth trying because the alternative is the status quo, where the only ones with access to this information are family members, top school alums, or people…
if it doesn't add value to the company and make it better, kind of the same as putting the company office supplies on Ebay. absorbing team members' time monetizing company resources.
Re: Launch HN: The Lobby (YC W18) – 1-on-1 calls with company insiders to get hired
#160Earlier quoted context omitted.
Usually, "shut down" implies that the company failed. And usually, when VCs give you $11M, it is not with the expectation that you will simply return that amount a year later. You have sold them on the idea that you care about your startup and you actually want to see it grow and succeed. It says right in the article that WeWork offered the founder $5M in comp and "reactions from the company’s investors have included…
> Usually, "shut down" implies that the company failed. Of course it failed, from the standpoint of the VCs, at least. It just didn't run out of cash. That doesn't say anything one way or the other about the business model of taking a percentage of salary, which is what is under discussion. > It says right in the article that WeWork offered the founder $5M in comp Again, not particularly relevant, other than an indic…
the primary principle at play is making money, on all sides
Well the thing is that, when pitching or promoting their companies, and especially when rallying employees, startup founders pay a lot of lip service to other things like "the vision," "the mission," and "changing the world." They don't say "by the way guys I'll happily disband this whole thing the instant someone offers me a wad of cash."
But yes, for those who agree that making a personal fortune fully trumps every other principle one holds, this behavior is fine and rational.