CareerApp pitch deck
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CareerApp is a platform that allows job seekers to create a single, standardized application and employers to organize their hiring process. It aims to solve common problems like the time commitment of each application, lack of exposure for candidates, and redundant applications. The founders are students who have relevant experience. They plan to offer the platform for free to candidates and through a subscription model for employers based on company size. Their goals are to acquire users through college partnerships and grow revenue through premium ads after obtaining a large user base and quality data. They also propose a new "CareerFair Ally" product to help connections before, during, and after career fairs.
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CareerApp pitch deck
- 3. CareerApp is the Common App for Jobs For Employers, CareerApp is a way to organize their job search while receiving easily digestible intelligence. For Job Seekers, CareerApp is a way to create, distribute, and track a single, well- rounded application that allows them to apply with one click.
- 4. Market Potential • 12.8M unemployed people • 2M students graduate college per yr. in the U.S. • Prevalence of online job searches and postings • 3.5M job openings • Costs of turnover & sourcing
- 5. Lack of meaningful data (candidate intelligence) Easily digestible, meaningful data High turnover Get a feel for potential culture fit Time Intense Process Organized process, collecting needed information, streamlining the hiring process Application Overload Accurate searches, more qualified candidates Problems How we solve them For Employers
- 6. Each application is a large time commitment After signing up, each application is <1 minute Lack of exposure to employers Public – shareable, searchable - profile Completing redundant applications One click application “Black hole” Application tracking Problems How we solve them For Candidates
- 7. Competitor Analysis CareerApp Email & Excel Applicant Tracking Systems Job Boards LinkedIn General Purpose Single application organization Manage end- to-end hiring process Listing jobs, sourcing Professional networking, sourcing Targeted End User New college grads N/A Entry level thru mid- level Entry level thru mid- level Most mid to upper level passive candidates Price Point $ $ $$-$$$$ $$-$$$$ $$$ Complexity of Service Offerings Low Very low Mid-high Mid Mid-high
- 8. The Team Jake Wood Co-founder, CTO Phoebe Farber Founder & CEO • Senior at Northeastern University • Worked with Future Business Leaders of America for 8 years • Awarded Ms. Future Business Leader • Research assistant at top NYC based M&A PR firm • Former VP of NU Women in Bus. Club • Perpetual learner • Junior at Northeastern University • Founded a 501(c)(3) non-profit Radio Station with thousands of listeners • Developed a platform to check meal plan balances through texts • Coach with NU IDEA • Built an embedded help text system at a leading bay area VC firm.
- 9. Dan Gregory, Advisor to IDEA, NU Faculty Ken Coleman, IDEA mentor Samuel Altschuler, President of Altschuler Financial Services Karen Casey, Human Resources Consultant & Career Coach Mentors and Advisors
- 10. Business Model Candidates- • Free • Future Potential: • PRO version Employers- • Monthly subscription model • Based on company size • Limited number of job postings • Unlimited candidate searches Large expected user base High quality user data Premium targeted ads High Profit Potential Future Potential: Advertising --------------------------------------------------------------------------------------------------------------------
- 11. User Acquisition Candidates • Colleges • Email • Posters • 3rd party promotion • Campus ambassador program • Career services partnerships • Press • Word of mouth Employers • Growth hacking • Creating accounts for companies • Returning to companies we spoke with • Press • Company outreach • Cold emails • Attendance at industry events
- 12. Next Step – CareerFair Ally New Product idea • Centered around CareerApp • Help employers and candidates connect before, during, and after a career fair. • Mobile and web component • Eliminate the need of paper resumes at event • Would get companies and candidate on our site • Give recruiters access to career fairs they couldn't attend in person
Notas del editor
- Prospective Plus has created the CareerApp which is a gateway for graduates and companies to meet, market themselves to each other better, and come together in a way that is mutually beneficial. We make the hiring process easier. We make it easier for employers to track down high potential employees and we make it easier for qualified candidates to get that initial interview. We have created a common job application for entry level candidates. Our holistic approach to the application process is a detailed form which includes the traditional resume, technical and transferable skills, short term and long term goals, references, behavioral interview questions, and more. We have partnered with three great companies to enhance our application – Smarterer which deals with skill set assessments and can provide an objective score for skills, and Cream.hr that does pre-employment assessment, and Behance which deals with online portfolios. Our goal is to create a valuable database of candidates so that employers can search through our database by objective factors, arrive at the most viable candidates, and then review the application to make the best hires. They can also embed us within their existing career portal and our goal is to partner with job boards and existing hiring solutions down the road.
- Prospective Plus has created the CareerApp which is a gateway for graduates and companies to meet, market themselves to each other better, and come together in a way that is mutually beneficial. We make the hiring process easier. We make it easier for employers to track down high potential employees and we make it easier for qualified candidates to get that initial interview. We have created a common job application for entry level candidates. Our holistic approach to the application process is a detailed form which includes the traditional resume, technical and transferable skills, short term and long term goals, references, behavioral interview questions, and more. We have partnered with three great companies to enhance our application – Smarterer which deals with skill set assessments and can provide an objective score for skills, and Cream.hr that does pre-employment assessment, and Behance which deals with online portfolios. Our goal is to create a valuable database of candidates so that employers can search through our database by objective factors, arrive at the most viable candidates, and then review the application to make the best hires. They can also embed us within their existing career portal and our goal is to partner with job boards and existing hiring solutions down the road.