Thing is, a startup cant do like amazon and actually dive into every random applicant. It's too big of a work. So, a startup is limited and can only use recommendations in order to even think about interviewing someone.
Now, what if a company would do the grunt work and select a few of those random applicants and submit them to the companies. That would bring a shitload of value because now startups would have a new source of relevant applications to tap in.
I think triplebyte is actually a good investment.