Twill, an innovative talent platform, has raised $1.4M in pre-seed funding led by Bloomberg Beta, with additional backing from Vitalize VC, Correlation Ventures, Purpose Built Ventures, and executives from Netflix, Meta, and Snap. The platform connects companies with top-tier, vetted tech professionals through peer recommendations, aiming to address the recruiting challenges faced by hiring managers in today’s talent market.
- The Problem with Traditional Recruiting
- 73% of hiring professionals cite a lack of qualified applicants as their primary challenge, and a significant portion of applicants on LinkedIn don’t meet role requirements.
- Twill is tackling this issue by using an invite-only community of experienced tech professionals who leverage their networks to provide pre-vetted, qualified candidates.
- Innovative Model: Peer Recommendations
- Unlike traditional recruiting platforms, Twill utilizes a community of experts who recommend candidates based on personal connections and industry knowledge.
- This model ensures candidates are vetted by peers with extensive experience and provides a reliable alternative to generalist recruiters.
- Incentives for Experts and Members
- Twill incentivizes its expert community by offering them up to 50% of contingent search fees for successful placements, ranging from $5,000 to $25,000.
- With over 10,000 members, the platform accelerates time-to-hire by leveraging warm leads and trusted referrals, typically placing candidates in roles within 30 days.
- AI’s Role in Recruiting Challenges
- CEO Michelle Volberg emphasizes how AI, like ChatGPT, has exacerbated recruiting problems by generating misleading resumes, leading to overwhelming applications that are often unqualified.
- Twill’s community-based approach, driven by experienced industry professionals, offers a solution by providing candidates who are genuinely vetted by those who understand the role requirements.
- Rigorous Screening Process
- Twill’s two-layer screening process ensures candidates are not only recommended by trusted community members but also undergo an additional vetting process by Twill’s team to ensure their alignment with the role.
- This thorough process increases the likelihood of successful matches between candidates and companies, improving the hiring experience.
- Growth Plans with New Funding
- Twill plans to use its new funding to expand its expert community, enhance platform capabilities, and scale its team to serve a larger number of companies in need of high-quality tech talent.
Twill’s innovative approach to tech recruiting through peer recommendations and industry expertise is reshaping how companies find and hire qualified candidates. With its unique model, financial incentives for experts, and a robust vetting process, Twill is positioning itself as a game-changer in the talent acquisition space.
