Woah! Another BIG week with BIG news.
and we find time to dog Generation Z while we're at it.
PODCAST TRANSCRIPTION sponsored by:
Announcer: Hide your kids. Lock the doors. You're listening to HR's Most Dangerous Podcast. Chad Sowash and Joel Cheesman are here to punch the recruiting industry right where it hurts. Complete with breaking news, brash opinion, and loads of snark. Buckle up, boys and girls, it's time for the Chad and Cheese Podcast.
Chad: Oh yeah.
Joel: It's on baby. Welcome to the Cross Atlantic edition of the Chad and Cheese Podcast. I'm Joel Cheesman coming at you from Ghent Belgium, a city I didn't even know existed. Joining me is Chad straight out of Columbus, Indiana. Sowash.
Chad: That's right.
Joel: This week we got breaking news out of ZipRecruiter. Indeed continues to slide into their future. Chatbot continue to make it rain and much more meat on that bone. It's a fat free episode. I can feel the weight coming off right now. We'll be right back after this word from our friends at Canvas.
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Chad: So dude, you are like in the place where beer reigns supreme?
Joel: Yes, I am in beer heaven. I got walks outside my room making beer.
Chad: I am so envious right now/
Joel: And I'm already jet lag drunk, so I'm going to be in bad shape in about five hours. But I have to do a keynote tomorrow so I can't get too messed up, which I guess should lead to our first shout out. Shout out to the E-recruitment Congress. I'm over here in Europe, congress is at Ghent this year. I'm going to be talking Google for jobs and SCO and-
Chad: Man, you really pull the wool over their eyes. Keynoting. Are you shitting me? Oh my God.
Joel: There are like 10 keynotes, so let's not point that a lot. I think that's how they do it here in Belgium. Everybody feels special.
Chad: Nice. Well, that's not a bad thing, to make sure that your people feel special. A big shout out to Fred Goff Garrett, Jen and the rest of the Jobcase over in Cambridge/ Boston, Massachusetts. Our interview with Fred will be coming out soon, but we had a blast. Baseball, Bourbon and a bunch of fun industry conversation.
Joel: Yeah. And I'm still trying to get the tootsie rolls and weed out of my nose from walking the streets of Cambridge. How does that combination... there's a tootsie roll factory right in Cambridge and everybody's getting high, awesome. Okay.
Chad: Yeah. And people are smoking weed and... yeah. Okay. Shout out to Josef and the gang at Comeet. Give us some love over the pod that we had with Nathan from AIA where we asked the question, who is making the recruitment process so goddamn hard. They liked that question so much, they actually gave us props and they wrote an entire article around it, so thanks guys. Appreciate it.
Joel: Can I throw out an odd shutout.
Joel: I know we have rules for shout outs now, but we don't have that many. I want to shout out to the eight Spelling Bee winners from the American Spelling Bee. Millennials have gone awry and I don't know what generation, I guess generations Z , they're even having eight winners for the fricking Spelling Bee. The world is over.
Chad: Yeah. Like they couldn't have pulled out another fucking dictionary and then just went to pages and wherever their finger landed, that was the next word, right? Come on. They ran out of words. Are you kidding me?
Joel: Yeah. If your test is so lame that you have eight winners, go to another language or something.
Chad: Yeah, it's a little bit much. A little shout out to Jim Stroud for pitching in and doing some shreds for us. He said, "Hey man, do you care if I do some shreds, some breaking news." Bring it on man. Everybody loves a little Jim Stroud in their day.
Joel: Yeah. It's like we're a band and he wanted to come over and play some guitar with us.
Chad: I love it.
Joel: We're going to be able to shred.
Chad: Jim Loves it. Job more doctor, he enjoyed my shum rant and it seems that Tengai is still trolling us. So you gotta love it. New Product. Everybody's either going fucking crazy because, oh my god, it's a robot doing recruiting or some are saying, oh hey, it's cool, but there's really no middle ground right now. And while all that's happening, Tengai, the robot is trolling us.
Joel: Such an asshole.
Chad: It's hilarious. It's good stuff.
Joel: And by the way, the Tengai folks, when you have a product that is one side or the other, you're probably onto something good. So keep hacking at it, don't listen to the haters. Keep doing what you're doing.
Chad: Yeah. Fuck them, do your thing. Jumping into events, we talked about Boston a little bit. We're going to talk Boston again because we're coming back to Boston for Transform. This Nash Quash show, we're going to have a totally dope panel discussion, and believe it or not, Holland Dombeck, who's a listener, and also works over at Delta Airlines and in the employer branding... I think she's like one of the big brand heads over there. She's going to be joining us on the panel, so it should be a blast.
Joel: Pretty sure our panels will never be described as dope by anyone.
Chad: Yeah. I stole that word from Elena over at Skill Scout. I thought it sounded dope, so why not use it, right?
Joel: Dope was dope before Elena was born, so I don't want to hear that bullshit.
Chad: There'll be a Job Gate in Denver lurking in the shadows while Julie Presents. So in June, if you're going to be at Job Gate, look for me.
Joel: By the way, Chad will be the one in the Chad and Cheese T-shirt. So look for him there.
Chad: RecFest is sold out. 3000 attendees strong, sold out, and we're also doing something incredibly cool. We've cooked up something with the team over at
Joel: We're not talking about it yet, are we?
Chad: We're just teasing it. We've got some really cool shit that's happening, doing some videos and whatnot. But man, I can't wait. It is going to be amazing. Five fucking stages, and we're headlining actually, we're the last show to go on. Everybody's going to have a few beers in them by then, which is going to be perfect for our show.
Joel: We're way more entertaining when everyone's drunk-
Chad: Goddamn straight.
Joel: Wow, sold out. So we can't even tell people, get that ticket now, because tickets are gone.
Chad: Tickets are gone, man. And while we're there, hopefully we'll still have some crazy awesome T-shirts available. So if we are at an event and you're there, come ask us for a T-shirt, who knows, we might have one. And then while you're at it, hop over to emissary.ai because if you're not using a texting platform to recruit, you just don't. Emissary.ai. On to the topics.
Joel: Let's do this. AllyO, making it rain.
Chad: Yes. The end to end recruiter 45 million in series B, they're up to $64 million overall.
Joel: Yeah. I think that's now officially more than Maya.
Chad: Yeah, it is.
Joel: They're the most funded Chatbot... although they will tell you they're an end to end recruiting solution. Chatbots are exceeding my wildest expectations for valuations.
Joel: I was thinking maybe 10 million for some of these Chatbots, but they're going to be pushing a hundred, 200 million, acquisition. [crosstalk 00:08:38]
Chad: With that kind of money, the valuation on it. So Sapphire Ventures actually put out on their blog that they believe AllyO is the perfect example of what the value of real AI is and their whole focus... and this is pretty much what the rest of the industry should be talking about too, is getting rid of all these boring repetitive tasks that recruiters don't need to do. And this is what we talked about at Jobcase, we had a great question in our Q and A, this actually makes the process more human and it sounds weird, but using technology to do all these bullshit tasks gives human beings more time to actually do a better job in connecting with the humans. So I think not only investors are starting to understand this, I also believe that the talent acquisition side and obviously staffing and RPO, they get it.
Joel: Yeah. Everything that we hear is that job seekers like these things, recruiters, and companies like these things. With the money that's being spent on these businesses, it's going to be a little war, it's going to be a little race for Chatbot.
Joel: Someone high up at Chatbot texted me soon after this announcement was out with just money, money, money was the text message that I got. And it's true, there's going to be money flowing, people are going to get in this game that haven't before, companies, ATS, they're going to be building these things. It's going to be a war for chatbot's supremacy.
Chad: Yeah. And don't forget they were on our death match stage in New Orleans. We talked to Sir Hill, we've been talking to these guys for a while and he expects that the company's candidate matching suite will be used by 15% of Americans in 2020. And this got to me because it was like, okay, so they're actually now starting to say candidate matching, which I think is odd because the AllyO that we know is more of like a screen to match than actual like AI matching. Like the Opening.ios or the Uncommons or the HiringSolved. It sounds like they're starting to pull some of the other vernacular, the candidate matching in, but I don't really believe that they have an algorithm that does it like in Opening.io, who obviously just one death match in Europe, by the way.
Joel: Yup. Well, with $45 million in the bank now, maybe they can.
Chad: I think that would be a bad decision, but who knows. I think at this point that hasn't changed. And we'll get somebody, we'll actually get a little bit of a conversation going with those guys to see what they mean by t