phew they almost got my email
Triplebyte Raises $10M from Initialized Capital, Marissa Mayer and Paul Graham
41–50 of 183 posts
Re: Triplebyte Raises $10M from Initialized Capital, Marissa Mayer and Paul Graham
#42What was always most interesting to us about starting a recruiting company was seeing what would happen if you treated hiring as a data problem. Partly we've raised more funding for the same reason any startup does, so we can grow faster to get more customers = more revenue = more success, etc. But we're also driven by how the larger the scale we operate at, the faster we can run experiments to answer questions about…
I haven't been interviewed by you, but the initial process is stellar! Applying and going through the code challenges was very smooth. Plus the fact that on completion, if the applicant passes, are pretty much guaranteed some form of an interview, is great.
Re: Triplebyte Raises $10M from Initialized Capital, Marissa Mayer and Paul Graham
#43Earlier quoted context omitted.
The latter.
Thanks for the transparency. So for the sake of clarity, it sounds like ~40% of engineers who pass the initial quiz ultimately go on to be hired?
Also there is no guarantee that an engineer who passes the interview will end up getting a job through the platform (speaking from experience).
I'd guess a very large portion of that 40% just end up getting a job the old fashioned way.
Re: Triplebyte Raises $10M from Initialized Capital, Marissa Mayer and Paul Graham
#44Earlier quoted context omitted.
The 5,000 a month number is total engineers who completed the coding quiz. Only a small % of those move forward to our interview.
Are they abandoning the process or being rejected based on the quiz?
I abandoned the process.
I took the backend test expecting programming and SQL, but it was hard-core DevOps and SysAdmin. Had nothing to do with programming a backend system. I know a little about working with command line and admin, but using tools to orchestrate 100 servers isn't something I know about.
My impression is that it's built with a very high failure rate built-in, targeting people who have a very specific and easy-hire background. I'm not really sure if someone of this talent level would really need Triplebyte.
Re: Triplebyte Raises $10M from Initialized Capital, Marissa Mayer and Paul Graham
#45For anyone who thinks that Paul Graham is still a YC partner: he has retired from Y Combinator. https://www.ycombinator.com/people/
What is he doing now? I can't find any information.
Re: Triplebyte Raises $10M from Initialized Capital, Marissa Mayer and Paul Graham
#46What was always most interesting to us about starting a recruiting company was seeing what would happen if you treated hiring as a data problem. Partly we've raised more funding for the same reason any startup does, so we can grow faster to get more customers = more revenue = more success, etc. But we're also driven by how the larger the scale we operate at, the faster we can run experiments to answer questions about…
The crux of this problem in my opinion is that long term results aren't tracked.
It's hard enough internally to track someone's performance over the course of the year or two after they get hired, it would be even harder to do it if you are a recruiting company.
It's especially sensitive because employers are weary of sharing employee performance data to third parties because of the high risk of a lawsuit (there is clear precedent for these lawsuits.)
Once that data problem is bridged, it blows the problem right open for data to be explored and figure out what exactly predicts a top performer, in any field.
Re: Triplebyte Raises $10M from Initialized Capital, Marissa Mayer and Paul Graham
#47"Evaluating" 5000 engineers a month almost seems low to me - they've been going full bore with advertising and have been on the top of reddit for the last month or two (and if I remember correctly I think I've seen them on twitter and FB). With this much spend I would have thought they'd have more candidates. Maybe thats a lot!
The only advertisements I see on Reddit anymore are from triplebyte. I'm not even looking for a job (still a student), and I won't be for at least another 9 months.
Re: Triplebyte Raises $10M from Initialized Capital, Marissa Mayer and Paul Graham
#48$50m in job offers last 6 months at $130,000 average salary, with 70% of job offers being accepted/signed = 267 people got hired in the past 180 days after completing roughly 30,000 interviews (based on the 5000/month quoted in the article). That means the chances of being hired after doing a TripleByte interview is slightly under 1% if my back of the napkin calculation is accurate.
Only 267 people in 180 days? Sounds low. I guess it might not be based on the number of interviews as I am not sure how selective the hiring companies are being.
Now multiply that 267 people hired by the average headhunting fee of 20 thousand dollars and tell me that this is "low".
Re: Triplebyte Raises $10M from Initialized Capital, Marissa Mayer and Paul Graham
#49>We'll also be expanding to support engineers and companies in new locations.
This is the most exciting thing to me. I would love to use Triplebyte to try to find a position, but relocating is just not an option for me right now.
Re: Triplebyte Raises $10M from Initialized Capital, Marissa Mayer and Paul Graham
#50Unfortunately, my experience with TripleByte was terrible and a waste of my time. I completed the interview with a very high evaluation across all categories as provided by the interviewer.
There were certain areas where the interviewer messed up in their evaluation, e.g. they felt I "was a little weak at hashmaps and API design", which is probably because they did not know what I was talking about when I described the details of advanced hashmap implementations. There seems to be a bias to discredit the interviewee if the interviewer lacks knowledge in an area.
Either way, despite getting great evaluations, I was matched with a total of 5 companies most of which were highly underwhelming early stage companies with minimal traction. Furthermore, I was matched with full stack companies despite begin evaluated as "weak in API design", which is perplexing. I was able to get higher quality offers in my own search and it seems like the TripleByte pipeline consists of many mediocre companies.
If I had known, I wouldn't have wasted my time with this service and invested more time in my job search.