RecruitLoop: The First 2 Years. #MyStartupStory. We started in Sydney, solving the problem one entrepreneur had with high cost recruitment. See how we built our founding team, launched the first product, raised seed investment, nearly missed a wedding thanks to Hurricane Sandy, moved to San Francisco, and have started growing the team. It's been a fun ride, with more to come!

1. The first
2 years...
#MyStartupStory

2. It all started in Sydney

3. This is Garry
an entrepreneur
in Sydney,
Australia

4. Recruitment was killing him
How could I pay a recruiter
$20K for 20 hours of work?!

5. He tried doing all hiring himself

6. Then he found a new option
An
independent
recruiter
who
charged by
the hour

7. $1-2K per role? Much more reasonable
“Hiring at 80%
less than
traditional costs?
No wonder my
friends want the
recruiter’s details.”

8. “What about a
marketplace of
recruiters?”

9. Garry connects with Denis
Developer, designer,
all-round product guy

10. And they start
on a prototype

11. “We have a product concept,
but want to build a business”
A friend introduces them to Michael

12. The plan evolves…
Every Sunday for 3 months

13. Let’s
Do It.

14. Solution:
Michael moves
into the spare
bedroom
JAN
2011
Problem: This will take some
time to do properly

15. MAR
2011
First 12 recruiters
on board
We paid a recruiter
by the hour to find
others.
“This really works”

16. MAY
2011 First customers!
“Now we just need customers who
aren’t family and friends…”

17. JUN
2011
We move from bedroom
to workspace

18. AUG
2011
And launch Version 1
of our website

19. But something isn’t right...
We get some attention
The company is
doing something
pretty unique —
RecruitLoop’s
closest
competitor isn’t
all that close.

20. Problem!
3 outsiders building a new recruitment model
“We need
industry
experience”

21. “You guys should meet Paul”

22. “I want in!”2 weeks later

23. And now we are FOUR

24. recruitloop.com
FEB
2012
Funding from friends,
family, founders
SOLD
...including Paul,
who was
REALLY in

25. Leads to steady national growth

26. APR
2012 Now
Bay Area
Calling

27. Accelerator in
Silicon Valley for
non-US startups
Including 2 weeks at Blackbox Connect

28. A ‘shot in the arm’ from the Valley

29. Next, some inbound
international interest
Recruiters from
US, New Zealand
and Saudi Arabia

30. Including Seral, in Saudi Arabia
...who found our
blog on Google,
started a web
chat, joined as a
recruiter, then
asked to invest!

31. Surprisingly, the industry doesn’t hate us
Tamara
Both Rockstar Recruiters
Bernadette

32. Well, some people do :)

33. MAY
2012
We release Version 2...
Including
recorded video
interviews

34. And our first recruiter hits
She’s a Rockstar!
50 projects

35. Meeting,
pitching,
learning.
San Francisco, Round 2NOV
2012

36. A side trip to NYC...
almost ends
in disaster

37. But thanks to a quick escape...

38. Michael makes it home just in time
Unfortunately, there is no honeymoon...
NOV
2012

39. ...he pitches Jason Calacanis instead
http://bit.ly/RL-TWiST

40. Jason Calacanis
“You guys should
pitch at my
conference”

41. Nah… We’ll move there instead!
Fly to San Francisco for a single event?
SALE
TOTAL

42. Land in SF, head straight
to Launch Festival
MAR
2013

43. Get some sleep,
find an office.

44. Problem: Back in Sydney,
Paul doesn’t have enough RecruitLoop
in his life

45. Problemsolved:Anewcar

46. Including a #HiringHacks event with LinkedIn
Exciting growth in a new market

47. We raise some seed investmentAUG
2013

48. Problem:
Have a bit of money.
Needed more humans.
Solution:
Start hiring.
200 applications and
a LONG process:
http://bit.ly/founder-recruiter
Jenn Steele
Nima Elyassi-Rad

49. Now: Happy Second Birthday!
500+ roles hired.
Awesome community of 100 recruiters.
6 countries.
500+ roles hired.
Awesome community of 100 recruiters.
6 countries.
SEP
2013

50. What next?
w recruitloop.com
e team@recruitloop.com
@recruitloop
Stay tuned to find out
or get in touch...