Build-in-public update on Synapse Hire — we just learned something about our market that's shaping our entire product strategy:
We surveyed 50 agency owners about their current recruiting tools. 70% said they're unhappy with their ATS. Only 12% have switched in the last year.
The reason isn't the subscription cost. It's the data migration. One agency owner estimated it would take 3 months to migrate 5,000 candidate records and retrain 8 recruiters. That's $50K+ in lost productivity. The switching cost dwarfs the subscription savings.
This changed our thinking. We're no longer competing on features. We're competing on switching cost. Our product priority right now: make it trivially easy to import from any existing ATS. CSV import, API sync, browser extension scraping — whatever it takes to get the migration cost close to zero.
The insight that's driving this: in a market with high switching costs, the winning product isn't the one with the best features. It's the one that makes the decision to switch the easiest. Features get you into the consideration set. Switching cost gets you into production.
Current state: 3 paid design partners, revenue is real but small, building in public every step.
I like the shift from competing on features to competing on switching costs. One thing I'd keep validating is whether reducing migration effort is enough on its own, or whether customers also need confidence that nothing important gets lost in the transition.