Helping core teams at startups that are closing down

It first happened a few weeks ago. We talked to two cofounders who had recently shut down their Mumbai based startup turning to CutShort to find full time jobs. They had started their venture in 2015 but decided to take a break due to lack of scale/funding.

In the world of startups, where 50% startup fail in the first year, this is not unusual.

But then it started happening very frequently over the next few weeks. Every week, our team would routinely discover cofounders/tech leads/marketing heads/operation heads on CutShort to connect with new employers.

It’s then we saw the trend – many ventures started in 2014-15 were closing down at a rapid pace this year. In Sep, 2016, Inc 42 reported shut down of more than 500 startups in previous 20 months. Accounting for lesser known startups in the media circles and the increased pace of failures since September, it won’t be far fetched to estimate the total shutdowns to cross 2500 by the time year 2016 winds up.

All this smart talent – left direction-less

These are smart people – cofounders, marketers, growth hackers, developers who had the & passion & courage to start or join an early stage startups.

But after talking to them we realized it’s not easy for them to find their next opportunities. Not many companies have the right roles that fit and excite them. And there are companies who are not sure about hiring people with significant experience for cultural or organization fit reasons.

Announcing The KickStarters – connecting experienced startuppers with their next opportunities on 22nd Decemberkickstarters

To help these cofounders and core team members at such startups, we are organizing an online event on 22nd December. The idea is to seamlessly connect them with the companies that value the talent, energy and motivation these teams can add to their teams.

Register fo The KickStarters 

FAQs:

  • When and where is this event?

This event will happen online on 22nd December on CutShort.  No need to travel anywhere. Just connect with the right employers discretely.

  • Is there a pricing?

No. This is completely free for CutShort users.

  • What kind of people I can hire at this event?

As the name “The Kickstarters” suggests, these will be cofounders/tech leads/marketing heads/operation heads cofounders at a startup that has laid off people or closed down.

  • What kind of companies will be attending this event?

Right from early staged to funded to profitable product companies. All the employers will be verified. We will not give access to third party recruitment agencies.

Startup hiring hack: Don’t cut the chord!

Startup hiring hack- Don't cut the chord (1)

The cycle continues. You find a great candidate, start a hiring thread, schedule a couple calls and then realize the candidate doesn’t quite fit in. You tell this to the candidate (good job!) or simply snap up the communication line.

At SocialHelpouts, we try to avoid it. We try to inform the candidates about why we can’t hire them and try to keep in touch with them. Connecting with them on LinkedIn/Twitter is the first step but we also try to involve them with our product. Listening to their feedback helps us improve & makes them feel important. In fact, they often share our social updates, help us with fixing bugs & refer more of their friends to us.

So don’t snap the ties.  Do little things that just feel right. You might be surprised how handsomely these little things can pay off in the future.

Contributed by: Nikunj Verma, Cofounder at http://socialhelpouts.com

Startup Hiring Hacks is a collection of “hacks” that startups have tried to hire successfully at their startup. Got a hack of your own? Help the community by submitting it here!