Great site. Much needed this type of transparency for software engineers to pick right position in the career growth.
3
Nice work Zuhayeer :)
3
Love the site!
Do you make the 5k/mo just through the TripleByte partnership? Can you tell us a bit more about the revenue side?
3
Yeah for sure! It is solely through Triplebyte. So our arrangement with them is essentially that we refer job candidates (through our Triplebyte banner images) to their website, who if later in Triplebyte's pipeline accept a job offer, we get a commission on that! So while payment isn't guaranteed on every candidate and despite the longer pipeline, we receive a fairly large commission for each accepted candidate ranging in the thousands. So for us, in the last few months, we've received on average 5K/month in commission. Hope that helps!
1
Great idea and execution! Could you share a bit more on what the conversion of Triplebyte click -> commission looks like? If you can't talk about that, it would be interesting to hear what went into the process of deciding on job offer acceptance as the commission event. Did you consider pushing for any pay-per-earlier-event (pay-per-click, pay-per-completed-quiz) models?
1
We have gotten tens of thousands of clicks in the last month and hundreds of signups, but we only get a handful of people who end up receiving offers. The reason we didn’t consider another model was ultimately for alignment: When Triplebyte gets paid, we get paid. We also didn’t have to take on the overhead costs of interviewing candidates etc. The payout is also just magnitudes larger at the end of the funnel than it would be at any other intermediary step.
2
Very interesting niche that needed filling. Rapbits is me IRL though, singing lyric quotes in conversation.
3
Love it, haha :)
1
Love the product, this kind of transparency is super helpful!
You touched upon this a little bit above, but how do you deal with inaccurate comp, level, title, etc. data, e.g. someone could very well enter fake data (though not sure if there's a strong incentive to anyways), since the Compensation Form is public and doesn't require signing in?
3
Thanks! Currently bad actors hasn't been much of an issue. We've had one or two entries that were clearly trolls (significant outliers) that we cleaned up. You're right there isn't much of an incentive to lie and for now we've been manually skimming entries to check for outliers. As we grow this is something we'll need to keep in mind.
We're also looking to partner with HR departments to get more accurate data. Several HR departments have actually reached out interested in the data we have thus far on both leveling & salary fronts for their own calibration. Very early stages but something we're actively chasing.
Great site. Much needed this type of transparency for software engineers to pick right position in the career growth.
Nice work Zuhayeer :)
Love the site!
Do you make the 5k/mo just through the TripleByte partnership? Can you tell us a bit more about the revenue side?
Yeah for sure! It is solely through Triplebyte. So our arrangement with them is essentially that we refer job candidates (through our Triplebyte banner images) to their website, who if later in Triplebyte's pipeline accept a job offer, we get a commission on that! So while payment isn't guaranteed on every candidate and despite the longer pipeline, we receive a fairly large commission for each accepted candidate ranging in the thousands. So for us, in the last few months, we've received on average 5K/month in commission. Hope that helps!
Great idea and execution! Could you share a bit more on what the conversion of Triplebyte click -> commission looks like? If you can't talk about that, it would be interesting to hear what went into the process of deciding on job offer acceptance as the commission event. Did you consider pushing for any pay-per-earlier-event (pay-per-click, pay-per-completed-quiz) models?
We have gotten tens of thousands of clicks in the last month and hundreds of signups, but we only get a handful of people who end up receiving offers. The reason we didn’t consider another model was ultimately for alignment: When Triplebyte gets paid, we get paid. We also didn’t have to take on the overhead costs of interviewing candidates etc. The payout is also just magnitudes larger at the end of the funnel than it would be at any other intermediary step.
Very interesting niche that needed filling. Rapbits is me IRL though, singing lyric quotes in conversation.
Love it, haha :)
Love the product, this kind of transparency is super helpful!
You touched upon this a little bit above, but how do you deal with inaccurate comp, level, title, etc. data, e.g. someone could very well enter fake data (though not sure if there's a strong incentive to anyways), since the Compensation Form is public and doesn't require signing in?
Thanks! Currently bad actors hasn't been much of an issue. We've had one or two entries that were clearly trolls (significant outliers) that we cleaned up. You're right there isn't much of an incentive to lie and for now we've been manually skimming entries to check for outliers. As we grow this is something we'll need to keep in mind.
We're also looking to partner with HR departments to get more accurate data. Several HR departments have actually reached out interested in the data we have thus far on both leveling & salary fronts for their own calibration. Very early stages but something we're actively chasing.