Venture Capitalists Discover Recruiting 2.0
from the back-to-work dept
While some people are still saying that it's difficult to find programming jobs these days, almost every company we speak to in Silicon Valley is saying just how difficult it is to find qualified programmers. In part, this is because the big companies like Google and Yahoo have been sweeping up as many good programmers as possible. It seems like a few venture capitalists are noticing the same thing, with at least one setting up its very own job recruitment web tool for portfolio companies. It certainly helps show startups one tangible difference between that VC firm and others. Recruitment has always been a big part of what a good VC firm helps with -- and there have been stories of executive recruiters moving into venture capital jobs in the past. Also, it's been common in the past for VC firms to list a static page of open jobs or link to help wanted pages on portfolio company websites. This case goes quite a bit further -- setting up a whole tool for portfolio companies that not only promotes the jobs within that tool, but also feeds the jobs out to various job boards, job search engines and even Google ads on certain keywords. In less than a year, the firm claims it's saved portfolio companies nearly a quarter of a million dollars in recruitment fees. Seeing a VC firm actually set up useful tools to help in this process, though, is still a bit surprising. For all the talk of how VCs understand tech innovation, it's still rare to see one actually embrace it as well.