Recruiting: A priority for VC's

Leena Rao over at Techcrunch wrote a great little piece on Greylock Partners, one of the Venture Capital elite, officially getting into the recruiting game for its portfolio companies.  You can read the full post here. 

A venture partner recrutiting for their portfolio companies is nothing new.  More often than not, in addition to providing capital, expertise and connections, a venture partner will assist or even lead the talent acquisition initiatives.  Why?  They have great connections to talent for one and can free up their companies to focus on their business's world changing products. The fact Greylock Partners is formalizing the responsibility is whats most interesting, for a couple of reasons.  

First: Although the jobs market is stagnant, the tech sector is telling a much different story.  Looking at just technology one would think that the Bulls have the market. Its not just startups that are hiring tech either.  Everyone from a 10-person scrapper to a Fortune 10 is beefing up on tech talent which equals a hyper-competitive landscape for everyone.  A good VC will have its tentacles into the talent scene and can recruit faster, convincing the top tier candidate to make a jump based on endorsement alone.  

The second reason is a bit more timeless and speaks to the value of the staffing industry.  The VC's know that the success of a company is not as much about the companies' product as it is about its ability to execute.  Any successful entrepreneur will tell you that the ability to build a great team is the keystone of execution and will undoubtedly make or break the company.  Avenue Bridge is built upon this very principal.  We believe that innovating the hiring process will have the most impact towards helping businesses succeed.  

 If your a staffing agency or an employer and are interested in learning more about how Avenue Bridge can help your business we'd love to talk to you.