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Hired Works with 150+ Austin Tech Companies, Raises $40 Million in Series C Funding

By LAURA LOREK
Reporter with Silicon Hills News

Hired's gift box to job candidates when they land their new job.  Courtesy photo.

Hired’s gift box to job candidates when they land their new job. Courtesy photo.

Hired is changing the way developers and knowledge workers find jobs.

The company, founded in 2012 in San Francisco, opened an office at WeWork in downtown Austin about a year ago.

It now works with more than 150 local technology companies from startups to publicly traded companies and it has helped thousands of employees find jobs.

But Hired isn’t for everyone. It’s selective. Only five to seven percent of the candidates that apply to its site get accepted into its pool of talent. The new job candidates get sent out in a batch that is released every Monday and they stay on the Hired marketplace for a maximum of 4 weeks.

“Everybody accepted on the platform is curated for both quality and intent,” said Brett Hogan, Hired’s Market Manager in Austin.

Hired is really flipping the recruiting model on its head, Hogan said. No more filling out applications that get sent into a black hole. Instead, Hired sources top talent at scale and then enables companies to apply to those candidates via the platform.

Hired also has Talent Advocates who act like career coaches for the job candidates and help them through the process, offering advice on everything from profile polishing and interview tips to helping prioritize interview requests based on the candidate’s professional goals.

“Most agency recruiters have a sales relationship with candidates since they’re paid on commission,” Hogan said. “We’re focused on if the candidate actually has a good experience. It’s shifting the relationship from a sales posture to an advocacy role. No sales commission is ever involved.”

Successful job candidates on Hired’s marketplace receive a signing bonus of $1,000 and a celebration box filled with Dom Perignon Champagne and other goodies.

“For clients, our value proposition is simple and compelling. We provide a curated channel of top talent that refreshes each week,” Hogan said. “Ninety-eight percent of our candidates respond within the first 72 hours of a company reaching out to them. And in Austin, 60 percent of interview requests are accepted.”

Hired specializes in filling all kinds of engineering roles, as well as product managers, data scientists, UX/UI designers, sales and many others. Ultimately, it plans to expand into marketing, legal, banking and all kinds of knowledge-based industries. Hired also recently started filling contract positions.

In February, Hired raised $40mm in Series C funding and announced three strategic acquisitions that will help accelerate its expansion into Asia, Europe and Australia.

“We’re focused on the knowledge worker,” Hogan said. “We want to be the place where the best companies and candidates go first to find their next role.”

Top technology companies in town seem to be taking note. Austin-based Spredfast, with 450 employees, contracts with Hired to use the marketplace to find engineers, said Sam Baber, VP of Talent and Development at Spredfast.

“We were looking for solutions that were smart, made sense and teed-up talent we wouldn’t have found otherwise,” Baber said.

The best solution was Hired, he said.

“The main reason is that it’s a tool and a platform that was easy to access,” Baber said. “It provided fresh talent in Austin…within a matter of four weeks, we filled three top engineering spots through Hired.”

It really does reduce the time to hire dramatically, Baber said.

“With Hired in our back pocket, it makes me sleep easier,” he said.

Hunter Sherman, Lead Software Engineer at Vantage Point Analytics, landed his job through Hired.

It was discreet, efficient and effective, he said.

“It was the easiest way I’ve ever gotten a job,” Sherman said.

Sherman’s credentials and criteria for his next position went out with a batch of new candidates on a Monday. Shortly after that he got a salary offer from Vantage Point and then he interviewed with them. The entire process took two weeks, he said.

Vantage Point Analytics, a supply chain fraud detection firm with offices in San Francisco and Austin, plans to hire more engineers from the platform as the business expands, Sherman said.

AT&T to Test 5G Wireless Service in Austin

attAT&T, the nation’s second largest wireless network, announced last week it plans to test super fast wireless connectivity in Austin.

While many carriers just rolled out 4G service, AT&T is working with Ericsson and Intel on 5G solutions. It’s going to do outdoor tests and trials this summer.

“And, we expect field trials of 5G technologies to provide wireless connectivity to fixed locations in Austin before the end of this year,” according to a news release. “The trials will help guide our 5G standards contributions, and set the stage for widespread commercial and mobile availability once technology standards for 5G are established.”

The 5G speeds are expected to “deliver speeds 10-100 times faster than today’s average 4G LTE connections,” according to AT&T. “Customers will see speeds measured in gigabits per second, not megabits. For reference, at one gigabit per second, you can download a TV show in less than 3 seconds. Customers will also see much lower latency with 5G. Latency, for example, is how long it takes after you press play on a video app for the video to start streaming on your device. We expect 5G latency in the range of 1 to 5 milliseconds.”

“New experiences like virtual reality, self-driving cars, robotics, smart cities and more are about to test networks like never before,” John Donovan, Chief Strategy Officer and Group President, AT&T Technology and Operations, said in a news release. “These technologies will be immersive, pervasive and responsive to customers. 5G will help make them a reality. 5G will reach its full potential because we will build it on a software-centric architecture that can adapt quickly to new demands and give customers more control of their network services. Our approach is simple – deliver a unified experience built with 5G, software-defined networking (SDN), Big Data, security and open source software.”

More than 60 percent of the data traffic on AT&T’s total network was video in 2015.

The Fourth Techstars Cloud Cohort Showed off Their Ventures at Demo Day 2016

The 2016 Techstars Cloud Class at Techstars Demo Day at the Aztec Theater in downtown San Antonio.

The 2016 Techstars Cloud Class at Techstars Demo Day at the Aztec Theater in downtown San Antonio.


By LAURA LOREK
Reporter with Silicon Hills News

At the Aztec Theater in downtown San Antonio, entrepreneurs with 11 startups took to the stage to present their companies during the fourth Techstars Cloud Demo Day Thursday afternoon.

The companies participating in Techstars go on to raise, on average, over $1.5 million during the course of their journey, said Dave Cohen, co-founder and CEO of Techstars. They have raised $2 billion in aggregate as they continue to grow their businesses, he said. The valuation of the 700 plus Techstar alumni companies is well over $5 billion, he said.

This year’s Techstars Cloud class came from four different countries and eight cities, said Blake Yeager, managing director of the Techstars Cloud. To date, 33 alumni companies completed the Techstars Cloud program and they have raised collectively $150 million in outside capital, Yeager said.

Matt Wilbanks, CEO of Help Social kicks off the pitches at Techstars Demo Day

Matt Wilbanks, CEO of Help Social kicks off the pitches at Techstars Demo Day


The first company to present, Help Social, spun out of Rackspace. It’s a “local, home grown San Antonio-based startup,” said Matt Wilbanks, CEO. He founded the company with Robert Collazo, Chief Technology Officer, in 2014. They raised seed stage funding from Mark Cuban and the Geekdom Fund.

Since its launch, Help Social has created a customer service platform that it licenses to companies to help them communicate with their customers through their social media feeds like Twitter, Facebook, YouTube and Instagram.

“Large consumer brands are facing a crisis with customer service. The way that customers interact with brands has evolved quickly and customer service platforms haven’t kept up,” Wilbanks said. “We live in an on demand mobile world where businesses no longer decide how or where they are going to interact with their customers.”

“Social media, in particular, has become a primary method of communication and it has given customers unprecedented control of the conversation,” Wilbanks said. “They now have this giant public megaphone where they can share a good experience with a product or they can bash a brand after a bad experience.”

Help Social’s platform helps companies keep up with the demands of social media and provide excellent customer service, Wilbanks said. It has eight call center companies using its platform currently, he said. The overall market for social media customer service is estimated to be worth $5 billion by 2020, he said.

HelpSocial has five employees based at Geekdom. But it plans to scale its operations to grow, Wilbanks said.

Sean Higgins, co-founder of ilos at Techstars Demo Day

Sean Higgins, co-founder of ilos at Techstars Demo Day


Isaac Saldana, president of SendGrid, a Techstars alumni company with more than 300 employees, introduced the second presenter, ilos, based in St. Paul, Minn. Ilos has solved a major problem for companies looking to document processes, he said. He is so impressed with the company he is also an investor in them.

Ilos created software tools to allow people to take videos of their computer screens, known as screen casting. Its mission is to bring more video into the workplace for training, sales, support and more, said Sean Higgins, co-founder and head of business development for ilos.

The current process of recording videos is fragmented, Higgins said. Ilos takes the traditional process of video creation and condenses it into one step, Higgins said.

“You can easily create, instantly share, while having all your content in one spot,” he said.

Ilos is already generating $20,000 in revenue monthly, Higgins said. It’s a storage and hosting business for videos too, he said. The company has 12 employees.

“And it’s just the beginning,” he said. “Why? Customers like the product.”

Jonathon Morgan, co-founder of Popily presents the data story telling tool at Techstars Demo Day

Jonathon Morgan, co-founder of Popily presents the data story telling tool at Techstars Demo Day

The third presenter, Popily, a data story telling site, is one of the three companies participating in the latest cohort from Austin.
Popily is a software as a service company which turns data into easy to read charts and spreadsheets.

Jonathon Morgan, co-founder, said a lot of data is trapped in companies and they need a tool like Popily to access and analyze that data. The service just launched last month. In addition to Morgan, Vidya Spandana and Chris Albon are co-founders. The company charges between $9 to $59 a month to subscribers who use its software.

Next up, Austin-based startup, HuBoard touted its project management solution for users of GitHub and GitHub Enterprise.

Within six months of launching the service, HuBoard had 250 paying customers, said HuBoard CEO Ryan Rauh. Shortly after that, large enterprises wanted a version to work behind their firewalls, he said. Today development teams at Microsoft, Mozilla, Adobe and hundreds more are using HuBoard, he said.

“Without spending a dollar on marketing, we built this business to over $11,000 in monthly reoccurring revenue,” Rauh said.

The first international company to pitch, Jumble, presented its email encryption technology. The company is from Dublin, Ireland.

Fiona Kelly, chief operating officer of Jumble, gave an overview of the company’s business. Encryption is the solution to sending secure email, she said.

Unfortunately, encryption services today are hard to use. That’s the problem Jumble solves, she said. It makes it easy to send encrypted email for its customers inside Gmail, Outlook and even mobile devices, she said.

“An unsecured email is a serious business risk,” Kelly said.

Jumble charges companies $5 per user per month to use its email encryption software. Today, the company has more than 1,500 individual users and 400 company accounts in its beta trial, she said.

Rudy Ellis, CEO of Switchboard, pitched his Orlando-based startup which connects video and audio content creators with a platform of sponsors and brands. During the Techstars program, the startup changed its name from Joicaster to Switchboard.

“With Switchboard I get an audience that is ten times bigger and ten times more targeted than in the past,” Ellis said.

The company’s customers include Monster and Ted.com. Its platform ranges in cost from free to $30 a month and special pricing for enterprise customers.

The Techstars Cloud Demo Day also featured a little magic.

David Ortego, co-founder of Pomika, based in Malaga, Spain, a platform that turns images into shopping experiences, performed a few magic tricks on stage during his pitch. He used a black curtain to cover up a model and then dropped the curtain to reveal a different outfit. The act concluded with a white curtain and the model changing into a white evening gown.

Pomika is a cloud-based platform that sends users information about where they can purchase the items from images they post. Pomika makes a commission on each sales referral. It also changed its name during the Techstars Cloud program from Imagenii to Pomika.

One of the fastest growing startups, Clyp, based in Austin, has already reached more than one million unique users including a few high profile users like Eric Clapton, said Jordan Patapoff, co-founder. He founded the company in 2013 with Tyson Ferguson.

Clyp is a simple to use drag and drop platform that allows people to share audio files. Clyp takes music creation from an isolated process to one of collaboration, Patapoff said. Its Pro-Plan starts at $9 a month, he said.

The other companies included UXTesting, based in Taiwan, a toolkit to improve mobile user experiences using data visualization, Haste, formerly known as Thalonet, based in Atlanta, a private network to provide video game players with better performance on the Internet and Sage Hero, formerly Slash Sensei, an online training platform. Erik Larson, its CEO, announced Rackspace as a paid pilot customers at the event.

Indeed.com Hits a Record 200 Million Unique Visitors in 31 Days

Graphic courtesy of Indeed.com

Graphic courtesy of Indeed.com

Lots of people are looking for a new job.

And where are they going?

From the traffic statistics, it looks like Austin-based Indeed.com. Over the past 31 days, Indeed reached a record number of 200 million unique visitors. “These candidates searched for jobs in over 60 markets and in 28 languages—a record number of countries served worldwide,” according to a blog post on the company’s site.

“Indeed continues to expand its global community of job seekers,” Indeed Senior Vice President Paul D’Arcy said in a news release. “In response to further labor market tightening in 2016, people looking for jobs have more control of their destinies, and many are actively looking for their next position. With over 16 million postings and over 10 million global company reviews, Indeed is uniquely positioned to help job seekers find the job that’s right for them.”

Indeed beat other job sites like Monster.com, CareerBuilder and Glassdoor.

Indeed is a home-grown startup success story. Rony Kahan co-founded the site in 2004 and sold it to Recruit Co., a Japanese-based human resources company, in 2012 for a reported price tag of $1 billion. Read the full story on Kahan’s entrepreneurial journey in Silicon Hills News.

Full disclosure: Silicon Hills News runs Indeed.com job advertisements and receives payment for running those ads.

Austin-based Vast Lands $14 Million in Venture Capital

VastVast, a data platform to sell cars and houses, announced Monday it has received $14 million from Capital One Growth Ventures.

The Austin-based company, founded in 2005 in Silicon Valley, had not raised any money previously. It has created two main brands: CarStory for automotive and HomeStory for real estate. The company plans to use the money to expand its CarStory product and also to further develop its products for the real estate market, according to a news release. CarStory helps consumers discover and decide what car is right for them with artificial intelligence, data and analytics. The vehicle discovery platform now curates more than 3.5 million vehicles.

As part of the investment, Jaidev Shergill, managing partner of Capital One Growth Ventures, will join the Vast board of directors.

“What Vast is delivering to consumers with its CarStory product is very intriguing to us at Capital One,” Shergill said in a news release. “Consumers expect more information at their fingertips and for that data to be personalized and customized. Big data technologies enable this and Vast delivers it.”

“Big data for life’s biggest purchases, that’s what Vast is all about,” Vast CEO John Price said in a news release. “Our patented approach delivers critical discovery information, predicts alternatives and analyzes the local market to guide the purchase decision in service of the buyer.”

Silicon Hills News did this story on Vast last March.

True Made Foods Wins the Food+City Challenge Prize for 2016

True Made Foods co-founders Kevin Powell and Abraham Kamarck , photos by Hojun Choi

True Made Foods co-founders Kevin Powell and Abraham Kamarck , photos by Hojun Choi


By HOJUN CHOI
Reporter with Silicon Hills News

True Made Foods took first place in the second annual Food+City Challenge Prize competition held at the University of Texas at Austin campus on Saturday.

The New York-based startup won the $30,000 grand prize and beat 19 other startups from all over the world. In addition to the grand prize, four runner-up companies received $5,000 in prize money each for their ventures. They included: Agruppa, Garbage to Garden, The Food Corridor and Anchor Nutrition.

“This is really important for us because it brings us validity; it shows that we have a good pro​​duct and something to show for it,” True Made Foods co-founder Abraham Kamarck said.

True Made Foods makes ketchup, barbeque sauce and hot sauce from fresh vegetables, with less sugar than traditional sauces. Kamarck, a former helicopter pilot for the U.S. Navy, said that he and co-founder Kevin Powell are seeking to make certain foods more nutritious by using vegetables to sweeten their products. Powell, who also served in the U.S. armed forces before pursuing more entrepreneurial endeavors, said that the startup industry can help veterans transition back to civilian life.

“Some veterans come back with a feeling of being socially disconnected from civilian life, but when you’re in a startup it forces you to get out there and meet people, investors and mentors,” Powell said.

True Made Foods will use the prize money, according to Kamarck, for the company’s branding and marketing efforts. The company is currently looking to raise $750,000 by the end of the year, he said.

“We’re still at the seed stage, and we’re less than a year old so every penny goes towards getting our product out there on shelves and creating awareness,” Kamarck said.

Food+City, a nonprofit organization that seeks to educate and inspire action around global food systems, organized the day-long event held at the McCombs School of Business.

Robyn Metcalfe, director of Food+City, said the organization’s board of advisors first had the difficult task of narrowing down a list of more than 170 startups that applied to compete in the event. Then Food+City invited 20 companies to compete in Saturday’s event, and designated mentors helped them polish their pitches and business plans.

Each competing team set up a booth at the McCombs School of Business’ Atrium room, where they had a chance to mingle with the attendees and promote their companies. A panel of judges chose ten startups to compete in the pitch competition, during which contestants gave three-minute pitches on their business plans.

“We really try to look at the whole food system,” Metcalfe said. “So we wanted judges that were from all different parts of the food system.”

The criteria the judges followed was based on Get Backed, a book that offers guidance to business owners on how to raise money for their ideas. The author of the book, Evan Baehr, co-founder of Austin-based Able, an online lending platform for small businesses, attended the event for a special book signing.

Baehr said the hardest part of entrepreneurship is the execution of the idea. And though many business owners have great ideas, Baehr said they often do not have the networks and mentorship to lead them towards effectively raising funds and traction for their idea.

“People often have big ideas, but they don’t know investors personally and they probably don’t know founders that have raised capital before who can teach them how to build their pitch decks and how to ask for money,” Baehr said.

About 700 people attended the event. Metcalfe said in future years, Food+City may change the scope and focus of the competition.

“Next year, we’ll certainly do some things differently because we want to be just as innovative as anybody else; we have to walk our talk,” Metcalfe said. “Our major interest right now is looking at food distribution, and whether it’s time for us to focus a competition like this specifically in that area.”

Click here to check out the full list of 2016 Food Challenge Prize finalists.

The crowd at the Food+City Challenge Prize 2016 event

The crowd at the Food+City Challenge Prize 2016 event

Bazaarvoice Gets New Headquarters

Bazaarvoice_NewHQ_Main-Lobby
Bazaarvoice, the world’s largest network of active shoppers, this week unveiled its new company headquarters in the Quarry Oaks business park in North Austin.

Its new 137,615 square foot building houses Bazaarvoice’s 600 employees. And it includes a Whole Good Market Café for company employees.

“As Bazaarvoice moves into its 11th year as a company, it is important that we have a headquarters that not only reflects the company’s storied past and our bright future, but also incorporates the local community we have been tied to for the last decade. This building hits the mark on all accounts,” Gene Austin, CEO of Bazaarvoice, said in a news release. “We had fantastic support with making decisions that impacted the design of the building from our external partners – all of whom are local companies renowned in their particular area – as well as from our Bazaarvoice employees. The result is an impressive headquarters building that our employees can feel proud to work in every day.”

Bazaarvoice_NewHQ_Kitchenette

Bazaarvoice’s building features a glass-lined central staircase contributes to the company’s culture of openness and collaboration. Austin-based Riverside Resources developed the new headquarters which features outdoor decks, four-side cut lueder limestone, curtainwall glass, accented steel beams and exposed interior concrete.

In addition to working with Riverside Resources, CBRE’s Workplace Strategy team partnered with Bazaarvoice to create a space that redefines how the company works. The result is a variety of work settings, including both collaborative and private spaces with huddle rooms, sit/stand desks and offices, and focus rooms.

Bazaarvoice_NewHQ_Fitness-Center

Austin-based Clarify.io Selected to Participate in Microsoft’s Machine Learning Accelerator

clarify-negative-squareAustin-based Clarify.io, which allows developers to search and understand audio and video using a simple API, was selected to participate in Microsoft Ventures’ Machine Learning Accelerator in Seattle.

And Paul Murphy, the company’s founder and CEO, reported in a blog post that the company is not relocating to Seattle.

“We are thrilled to work with some of the people defining this industry,” Murphy wrote in a blog post. “The combination of our approaches and Microsoft’s fundamental research will let us meet our clients’ needs and accomplish things for them that weren’t previously possible.”

Microsoft travelled to 12 cities in the U.S. and Canada and reviewed hundreds of business applications from 50 countries before selecting 10 companies to participate in its machine learning accelerator. The rest of the companies are listed in a Microsoft blog post.

Murphy also reported the company would be renting a houseboat, because it was cheaper than an apartment.

“And yes, the houseboat comes with 4 kayaks, 2 stand up paddleboards, and 2 bikes, so we’ll be getting in shape while the machines figure out what they should be doing,” Murphy wrote.

Pitch with Purpose Encourages Female Founders to Apply

CircularPitch with Purpose is encouraging women entrepreneurs leading high-growth, scalable businesses that support the resolution of the world’s most pressing problems to apply for its pitch competition.

Circular Board, based in Houston, announced the competition Thursday in partnership with the United Nations Foundation, Dell and Guggenheim Partners.

Companies with at least one female founder are encouraged to submit an application online and three finalists will be selected to present in front of judges, investors and media at Circular Summit, scheduled for April 14-15th in Houston. The deadline to apply is March 18th.

The winner of the competition will receive $10,000 from Guggenheim Partners. They will also receive Dell technology suite, admission to the Circular Board accelerator for women entrepreneurs, mentorship from Susan McPherson, founder and CEO of McPherson Strategies, Elizabeth Gore, Dell entrepreneur in residence and emeritus chair of the United Nations Foundation’s Global Entrepreneurs Council and Zaw Thet, managing partner of Signia Venture Partners. The winner will also receive a feature on MORE Magazine’s digital platform.

Five semi-finalists will also win entry into Circular Summit.

“Texas claims the worst record of supporting women seeking venture capital. Last year, 42 Texas startups got Series A rounds. Zero of them had female founders, and it’s not for a lack of women in business. In fact, several Texas cities, like San Antonio and Houston, are considered the fastest growing for female founder–driven economic clout,” Carolyn Rodz, CEO and founder of Circular Board and co-chair of Circular Summit, said in a news statement. “The goal of Circular Summit and Pitch with Purpose is to initiate action around the data surrounding the global impact of women-owned businesses, and we’re doing it in Texas because this is an area where the gender gap is widest.”

The number of women-led businesses in the United States increased by 74 percent between 2007 and 2015, a rate 1.5 times the national increase of other businesses, according to the OPEN State of Women-Owned Businesses Report.

“When you consider that women reinvest 90% of their income back into their communities, children and health, you begin to see that if these entrepreneurs succeed, they will help solve the world’s problems,” Gore, co-chair of Circular Summit, said in a news statement. “48 percent of female founders cite a lack of available mentors or advisers as a barrier to growth, which is why we’ve incorporated top-tier mentor support and introductions into highly localized networks into Pitch with Purpose.”

Greenbelt Greens Launches in Austin

Greenbelt GreensThe salad days are here to stay in Austin.

And thanks to a new Austin-based subscription service, Greenbelt Greens, people can get chef-designed salads and grain bowls sent straight to their doorstep. The startup just launched its service this week.

Customers can personalize their deliveries when they set up their Greenbelt Greens profile. They’ll be asked about dietary restrictions and nutritional goals. Greenbelt Greens will then suggest a list of possible meal ingredients, which customers can tweak to their taste.

“Prior to your weekly delivery, you’ll be provided with your upcoming menu. You can review and request to remove any ingredients or swap out for your weekly ‘back-up’ meal,” according to the company.

Greenbelt Greens 2
Greenbelt Greens uses fresh, seasonal ingredients and produces their salads locally. It never provides frozen ingredients. It also puts the full nutritional content on every meal.

The service cost $10 per meal, delivered. Salads and bowls come packaged in reusable mason jars (we’ll pick the empty jars up from you when dropping off your next order), and are ready to eat with the twist of a lid.

(Full disclosure: Greenbelt Greens is a sponsor of Silicon Hills News and this is a sponsored post)

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