Recruiting is a founder’s most important job. The returns on top talent, and the network effect of smart people pulling in smart people, are the not-so-secret secrets to our work at 8VC - and building Palantir, Addepar, OpenGov, and Saronic, to name a few. Yet conventional hiring is slow and expensive. You need to ramp up in-house recruiters to overcome scaling bottlenecks (creating fixed costs for variable needs), or pay contract firms steep commissions (up to $20-40,000 for senior technical hires). $250 billion a year is spent on recruiting in the US, almost entirely on labor. Software only represents 2.6% of that spend, and is mostly mediocre. It’s also built for recruiters, not hiring managers, highlighting a bigger issue: recruiting outsources input away from a new hire’s future team, while steadily increasing overhead.
Flexport is building the platform for global logistics—empowering buyers, sellers and their logistics partners with the technology and services to grow and innovate.
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