Draftboard | LinkedIn (original) (raw)

About us

Companies routinely offer referral bonuses for new hires, but they limit those bonuses to only their own employees. Why? Enter Draftboard, where companies publicly post what referral bonus they'll pay for a new hire and Scouts (referrers) compete to earn that referral bonus by scouring their networks for the best talent available. We're creating an entirely new ecosystem where the everyday person can leverage their network - built up over decades - to refer quality talent to companies in return for real rewards. Help friends get jobs, build your own side hustle or start a business on top of Draftboard - the choice (and opportunity!) is yours. And for companies, we integrate directly with your existing ATS so that your talent team doesn’t have to learn a new tool - simply sign up in minutes and the applications will start flowing into Greenhouse, Lever, etc. And the best part is that Draftboard is 100% free for you - no SaaS fees, no monthly fees, no access fees, no gimmicks. You only ever pay the referral bonus (which you control) and not a cent more - when you’re happy (i.e. you’ve made a hire), the Scouts send us a small portion of their referral bonus; when you’re not, we get nothing. We're looking to fundamentally change how the world hires - come join us on that journey!

Industry

Software Development

Company size

11-50 employees

Headquarters

New York, NY

Type

Privately Held

Founded

2022

Locations

Employees at Draftboard

Updates

2,214 followers
1w Edited
An update from our Founder. Our heads are down, working on v2. Stay tuned for more news in the coming weeks.

Founder & CEO @ Draftboard 🤝 Referrals, Open-Sourced 🔗
1w
When a pivot is exactly the right decision --- It’s been a whirlwind two years full of firsts since we started Draftboard. We built a fantastic team, onboarded over 100 amazing companies to the platform, and put out a product that people rave about - I get unsolicited messages all the time about how easy it is to use and how refreshing the experience is. But, alas, a great product does not a great business make. Our model relied on scouts earning bonuses for the referrals they make: each time they get paid, their incentive to make more referrals grows. At least this was the theory - in practice there just weren’t enough bonuses being paid. And what that really means is that our hire:referral ratio was very, very low. Now, I know what you’re thinking: “Oh, you must have been sending poor quality candidates” But no, that wasn’t the case. Draftboard referrals got interviews at 10x the rates (20%) of candidates who applied via LinkedIn (2%). The quality was super, super strong. The problem is that there are dozens of steps in a hiring process, and each step is an opportunity for something to go wrong. So it became death by a thousand cuts: maybe the company changed the salary, or the title, or the job responsibilities, or the reporting structure. Maybe the candidate got a new job, or got promoted, or didn’t like the hiring manager. Maybe there was a failed interview, or reference check or background check. Maybe the company’s priorities changed; maybe they ghosted the candidate. All of these are reasons why a conversion (aka a hire) doesn’t happen. And they each happen often enough that we were just seeing really, really low conversion rates. That’s a big problem for us, because if our scouts aren’t earning bonuses, then they have no reason to continue using the platform. And that’s what we saw: a spike of interest from new scouts as they’d get excited about the promise of the platform, but then a sharp drop-off as they realized their referrals weren’t getting hired at high enough rates to justify their time investment in using Draftboard. A few months ago we decided to test some initiatives to improve the situation (like Interview Bonuses), but unfortunately they didn’t solve the problem. So recently we made the difficult decision to sunset Draftboard… …but that was Draftboard v1. Draftboard v2 is coming in January, and it’s gonna be wild: we’re building a whole new take on how you can make your network work for you. Want us to keep you posted? Click the link in the first comment to sign up for updates & to be notified when we launch. I can’t thank you enough for being on this journey with us. Without trying (and failing) with this product, we would never have come up with the idea for - or learned the lessons that led us to - our new product. Your feedback, engagement, advice & criticism has been instrumental, and we hope you’ll give it all to us again in round 2! Stay tuned 🙂
Another one! 📈 We’re #hiring a Sales Consultant for HR Tech! If you know someone with great connections in the HR space or this sounds like you, check out the job description below or pass this along! Help us take things to the next level. 💡👇https://lnkd.in/dAkNmvs3
We’re #hiring a new GTM Advisor - B2B SaaS in the US. If you know someone with great connections in the SaaS space or this sounds like you, check out the job description below or pass this along! Help us take things to the next level. 💡👇
Not so long ago, we celebrated crossing the 1K follower milestone. Now, we've just doubled that! We're incredibly grateful for our ever-growing community of Scouts 💜 and supporters. Your belief in Draftboard drives us forward every day. If you haven't joined as a Scout yet, there's no better time than now! 🚀#startups #growth #hiring #referrals
In honor of the Olympics, we thought it was only fitting to feature Snoop. That's right! If you're hiring (ATS or not) post your jobs on Draftboard for free and watch the high-quality candidates come to you #referrals #startups #tech