MasterOne

Deep diving into what we building: 1) What are we building? - A Vetted Talent Agency to begin with! 2) Why pre-vetting talents? - Recruiters manually review ~200 profiles to hire ONE. Vetting through self screening, assessment, and interviews eliminates low intent - unfits for a role. Now, Hiring manager will spend ~2 hours interviewing 3-5 pre-vetted talents to hire ONE. 3) Why agency over marketplace model? - Early profitability - Bypass Advanced Tech and Network Effect at early stage - Very high sales ticket sizes - Shares 90-95% of recruitment revenue. Huge market size - Desired CX is to charge fee for success - Talent joining & Staying 4) Can you scale a pre-vetted talent agency? - There are 10K+ recruitment agencies in India. They are all profitable but not scalable because they are manpower driven, without any USP and MOAT. Tech led vetting can increase the revenue/employee by 10x, making it scalable. 5) What is the USP? - We provide talents vetted by a domain expert whose conversion rate is 20-30% compared to current 5-7%. Quality*Speed*Price of Hiring should be 5-10x better than existing ones. Unit Economics allow us to ship services much lower cost. 6) What is the MOAT? - Tech is a weak MOAT. Sourcing/Talent Supply Channels and Network Effect are definitely the strongest MOAT in this space. More on this later separately. 7) Why are marketplaces unable to solve the match-making problem? - Skills taxonomy in India is a problem. JD doesn’t carry forward what lies in the mind of the hiring manager. Cultural fit is hard to match. Tech alone can’t make hiring decisions. Hence, a managed marketplace is a better choice which combines Artificial Intelligence + Human Intelligence. Best part about marketplaces is scalability with network effects. 8) How does it help candidates? - We are a deal maker for the candidates. Hiring managers & Candidates are strangers to each other. We help you create a vetted profile without any biases which is 100% trustworthy. We share your profile with all the matching companies. You get noticed. We help you crack a deal! We are on the journey of building India's best career development & recruitment company for the world. Please do visit our website at https://tier1jobs.in and email your feedback to raj.das@tier1jobs.in if any.