CareerBuilder, King of Innovation
We're finally recording a show on St. Patrick's Day, which means Cheese is still in bed while you listen to this the day after.
Anyway, the boys discuss Talent.com's recent funding round (and whether or not they're a unicorn), CareerBuilder's latest attempt at innovation, going back-to-work gone wrong at a major bank, the latest creative work platform that's caught the attention of NBA superstar Kevin Durant and former Disney CEO Michael Eisner ... and, of course, robots invading your favorite restaurants. It’s the podcast at the end of the rainbow, and yes, we are magically delicious.
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I've never hunted, done a leprechaun before. Do you think if I shoot it with my gun, lucky charms will explode everywhere?
Hide your kids! Lock the doors! You're listening to HR’s most dangerous podcast. Chad Sowash and Joel Cheeseman 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.
Oh yeah. It's the podcast at the end of the rainbow. And yes, we are magically delicious. Slainte you boys and girls, you're listening to the Chad and Cheese podcast HR's most Blarniest. This is your co-host Joel "St. Patrick" Cheeseman.
And this is Chad "don't go stealin' my lucky charms" Sowash.
And on this week's show talent.com achieves unicorn status, or do they? CareerBuilder proves once again, they are the innovation king and Kevin Durant's slam dunks his way into the workforce business. Let's do this.
sfx (1m 3s):
I can make you rich.
Joel (1m 5s):
Happy St. Patrick's day Chad.
Chad (1m 7s):
Yeah, dude. I mean so much different than last year, the year before, but in 2019, we actually were able to celebrate St. Patty's day together in Cork, Ireland, which I thought was pretty amazing. And it was proper Irish coffee in an Irish pub. I mean, it was a blast man. So yeah. You're now in Indy getting ready to go to what the parade downtown?
Joel (1m 33s):
Yeah, the modest excuse for St. Patrick's day parade here in Indianapolis, but I've got my Canadian family in town. We were up drinking last night. It's eight o'clock in the morning, almost nine o'clock where I am recording right now. Mostly hungover on my second cup of coffee. So I'm going to try to get string some cogent thoughts together for this show, but no promises, everybody. I think this is the first time we've ever recorded on St. Patrick's day.
Chad (2m 1s):
I think it is. I think it is. Yeah. And in here I am sitting at almost 1:00 PM 1300 military time in Portugal. So yeah, I'm up. I'm ready. And this is going to be an interesting show.
Joel (2m 14s):
Yeah, don't expect too much for me people. Don't expect too much from me. Should we get to shout outs?
Chad (2m 20s):
Let's do it.
Joel (2m 21s):
All right. Mine have no industry relevance whatsoever. So there you go people.
Chad (2m 25s):
I love it.
Joel (2m 26s):
Number one, March madness. I know our international folks won't care about this, but March madness, the basketball NCAA tournament is one of the most fun and exciting, interesting engaging events I think in sport.
Chad (2m 39s):
Joel (2m 39s):
And I'm looking forward to that last night. I don't know if you saw, you probably did not Notre Dame for the play in game won in double overtime against Rutgers, which is really exciting. So this is just some, you know, the sign of things to come. A lot of overtime wins. I want to see some Cinderella games. March madness is awesome. So shout out to the kids that dribble the ball.
Chad (3m 1s):
That's awesome. That's awesome. And in the state of basketball, being Indiana, it's a big fucking thing. My shout out goes to the EU. The EU who gave initial agreement for corporate board KPIs to have at least 40% women on non-executive director roles or 33% of all board jobs by 2027.
sfx (3m 27s):
Chad (3m 27s):
So I guess if the corporate white male structure, isn't going to move fast enough, eh, they're going to force those motherfuckers. So shout out to the EU.
Joel (3m 37s):
The Eu, the job.
Chad (3m 38s):
Joel (3m 38s):
And great job of taking in the refugees from Ukraine. I am inspired every day by what Poland and other countries in the EU are doing. And it looks like we're going to try in the U S to fast track visas for a lot of refugees and try to get them over to America, so.
Chad (3m 55s):
Joel (3m 55s):
Okay. I'm going to set this set the stage here. A lot of listeners have seen your video from four years ago, featuring me.
Chad (4m 4s):
Joel (4m 4s):
Being made aware that the Cleveland, my beloved Cleveland Browns were taking Baker Mayfield at the time. I was like anybody, but Baker, I think I could deal with. And I was rather upset by this. Well, it looks like I may be proven, right? The honeymoon looks like it's over. So Baker Mayfield looks like he's out. The team went and met with Deshaun Watson. Baker, the drama queen that he is put out a tweet saying "goodbye, Cleveland." Although I don't know what's going on. I think they're over it. I think he's over it. The bad news is he'll probably end up in Indianapolis and I'm going to have to listen to fucking sports radio for the next two to three years about Baker Mayfield again here locally.
Chad (4m 47s):
Yeah, no. After Carson Wentz, I cannot even, even fathom that Baker Mayfield will be coming to Indianapolis. I can't fathom it. I don't want to talk about it. I'm moving on.
Joel (4m 57s):
Their options are not real good. No first rounder, no quarterback at the moment.
Chad (5m 2s):
Joel (5m 2s):
Right. It looks unless Jimmy G comes to town. My wife would be happy about that.
Chad (5m 5s):
He would be a good snatch. He'd be a good snatch.
Joel (5m 9s):
The dude wins.
Chad (5m 10s):
Yeah. Yeah. The guy wins. Guy wins. Good looking kid. Yeah. It's pretty not too shabby. Not too shabby. A shout out to the Talent Savvy podcast. This one is for you Cheeseman. Their latest podcast is entitled "Metaverse Job Fairs". That's right, baby. Not to mention, I want to tie this together. I also found where Second Life now lives. It was it's retired and now a cocktail bar in Monte Gordo, Portugal. It's amazing.
Joel (5m 43s):
You sent me that picture. I thought it was a gas station.
sfx (5m 47s):
I can make you rich.
Joel (5m 50s):
Oh my God. All right. My next shout out. So my grandfather, Joe Redmond is sort of my connection to the Irish ancestry and he was a salt of the earth. He was, if you can envision a farmer in overalls with two dogs in tow farming the land here in Indiana kind of envision what my grandpa was.
Chad (6m 10s):
Joel (6m 10s):
So anyway he was just a fun loving guy. And I have a picture of him in my office. He's drinking a beer, which is really indicative of him. He always drank Löwenbräu. I don't know why he had really bad taste in beer. He was always, he was always just a great guy. So every St Patrick's day, I think of him and little known fact about me. My two grandfathers were named Joseph and Elmer. So J O and E L is how my parents got Joel. So, I'm a combination of Joseph and Elmer. Shout out to Joe Redmond on the podcast today.
Chad (6m 46s):
Shout out to Joe. And I am doing a toast to him right now with my Super Bock. So toast to Joe.
Joel (6m 56s):
And SMI with my Starbucks grande, baby grande.
Chad (6m 58s):
So I'm going to continue my shout outs on the realm of podcasts, because on this week's Cult Brand podcast entitled Brand Exit, we talked about how exiting Russia impacts a brand and possibly their business for the good and bad. Good brand vibes, or maybe the state takes your business. Many things to think about for many different brands. Check it out again at chadcheese.com. It's called Brand Exit great conversation with our friend, Julie Calli.
Joel (7m 30s):
Julie Calli brought the A game this week. So it makes sure you check that out. Free shit. Chad, we gotta talk about this. So if you like free shit, Chad and Cheese, the most generous podcast in the world, we're giving away some shit. So we're giving away t-shirts by Emissary. We're giving away beer, sponsored by our friends at Pillar, and we're giving away whiskey, maybe Irish whiskey this month, sponsored by our friends at Textkernel. But you got to sign up to win. Chad, you got to go to Chadcheese.com/free. It's too easy. We want your address. We're not going to show up and bug yet. We're not going to come around on Halloween. It's all good. Give us your address. And we might send you some shit.
Joel (8m 11s):
Chad (8m 12s):
Yeah. And while you're there on Chadcheese.com, click on merch and then buy yourself a Chadcheese sticker. Put it on your computer by a ChadCheese coffee mug. It's all right there. Check it out.
Joel (8m 24s):
Did you say coffee mug?
Chad (8m 26s):
Oh Yeah. Oh yeah, baby.
Joel (8m 29s):
Chad (8m 29s):
I actually have one and it's pretty legit.
Joel (8m 30s):
And our faces are on it or is it the logo and our faces?
Chad (8m 34s):
It's our dumb cartoon faces with the new logo that Shaker did for us.
Joel (8m 40s):
Who wouldn't want to wake up to that every morning though?
Chad (8m 43s):
It's awesome. Thanks. Thanks to Nick and the crew over at Hone It for using their tech in creating podcasts snippets for the site and social sharing. If you're trying to do a better job, job interviewing at scale, check out, Honeit.com. They some really cool stuff. And again, just what they're doing for us with the podcast, you got to see what they're doing for recruiting and interviews for your team.
Joel (9m 8s):
Do you know if Nick is still in South America or has he moved back?
Chad (9m 14s):
He's in Costa Rica, baby.
Joel (9m 16s):
Of Costa Rica. Wow. Yeah.
Chad (9m 18s):
Yeah. He's in Tamarindo, Costa Rica. That man has the life. Three little girls and nothing but beach, man. I love it.
Joel (9m 26s):
Everyone I know is leaving the country. It's very, very eerie.
Chad (9m 29s):
Something behind that.
Joel (9m 30s):
Yeah. There might be some to that. So shall we get to some birthdays? Birthdays are great. All right. Celebrating a birthday this week. Mike Schaffer, Ashley Collins, Barbara Francillo, Craig Watson, Bill Fanning and Deb Andrychuk, did I say that right? Happy birthday, everybody!
Chad (9m 56s):
Happy birthday. We have an events. Don't forget kids in Belgium in early May E-recruitment Congress. If you're in Europe, you got to go to the Congress for God's sakes. Unleash America in Vegas in late May. And then we have in July, early July, RecFest at Knebworth Park. In many other events, we are going to be at just go to chadcheese.com, click on events, see where we're at. Register. Get your ass out there and buy us a beer. That'd be awesome.
Joel (10m 34s):
My liver is very scared of our upcoming world tour.
Chad (10m 38s):
Joel (10m 38s):
Alright, talent.com. Chad.
Chad (10m 39s):
Joel (10m 39s):
This may be preemptive. I don't know. The artist formerly known as Neuvoo has raised a pile of cash announced Wednesday Montreal based job search platform, talent.com announced it has raised 120 million in series B funding. The company which operates across 78 countries also recently raised 30 million in debt financing to fund its expansion. Total funding now is 150 million, according to Crunchbase, no word on evaluation, nothing in the news Chad about that, which is a little curious. I'm sure we'll talk about that. But in the meantime, we're going to give them a Chad and Cheese valuation of a billion dollars because we missed playing this soundbite if nothing else.
Joel (11m 24s):
The TechCrunch headline read talent.com raises 120 million to take on Indeed and ZipRecruiter.
Chad (11m 27s):
Duh, dun, dun!
Joel (11m 28s):
Chad, should the competition be shaking in their little leprechaun boots or not? What are your thoughts?
Chad (11m 34s):
Yeah, well, I think the non listing of the valuation kind of tells you something because talent.com has a more polite Indeed. I mean, they're Canadian. So Indeed is like a bull in a China shop. They crash and smash without regard, while talent.com won't even think of touching the good China. They haven't been as aggressive in the market as I would have liked to seen them. They smartly switched up brands from a word that nobody could say or pronounce or spell to talent.com. That was awesome. That's when I thought they were going to make the move and start smashing shit. Nope. Just polite with a new name.
Chad (12m 16s):
It's interesting because similar web has talent.com in the top 10, I'd say top five to be quite Frank traffic sites in our industry. Although Indeed and Glassdoor are one and two, both owned by Recruit Holdings. As we know, and Indeed is way ahead of sister site Glassdoor, according to similar web, Indeed is seeing about 600 million visitors per month and talent.com is about 35 million per month. So the big question is what are they going to do with this money? Well, one of the things that they actually said that I thought was interesting was scale their new solution for SMBs.
Chad (12m 56s):
But why in the hell would they do that when Indeed's Achilles, heel is more enterprise and SMBs are really a pain in the ass when it comes to trying to target and spend a shit ton of advertising and marketing money. So that to me was interesting that they would say that they're going down that rabbit hole as opposed to toward enterprise.
Joel (13m 16s):
We actually have some live footage from the meeting with the investors. Chad let's look, let's listen in on that real quick.
sfx (13m 22s):
I can make you rich.
Joel (13m 25s):
Okay, good. So I got a little nostalgic on this one. I got a little teary-eyed. So there's a scene in the movie, the Untouchables starring Kevin Costner and Sean Connery, where Kevin Costner says he has to get back to his wife because they're picking out tiles for the kitchen or something. And he says something along the lines of, they're still a part of the world that cares about the kitchen or what the kitchen looks like. So when I see a job board getting $120 million, I got a little teary-eyed for the past. Like those were kind of headlines that we used to see, you know, 10, 15 years ago. And now we're seeing at least one again. So I got, I got kind of teary-eyed about that.
Joel (14m 7s):
Let's be honest. This is a tough business. It's a traffic business. You've got, you know, a bigger gorillas trying to take the pie. You've got global competition, like my hats off to anybody who can raise money at any significant level and take a job board out into the world and try to compete. I mean, there's nothing particularly unique about what they're doing. It's not like Indeed versus Monster where there was kind of a clear differentiation in the marketplace. talent.com is just like head down, getting to work, you know, everyday punching the clock and doing the work that they need to do to be, you know, a high traffic, high value job board.
Joel (14m 48s):
So for me, you know, it's not as exciting as you know, some of the AI sites and companies to get money. Those are a little bit more fun to talk about in 2022, but Hey, for today, talent.com is kind of fun to watch. I'm rooting for him as I think most people are. I think most people want a little alternative to Indeed, Glassdoor, ZipRecruiter and the other. So, you know, if you out there listening are sick and tired of those companies and their service and solutions, like take a look at talent.com. It might be a nice alternative.
Chad (15m 23s):
So how do you see talent.com eating away at ZipRecruiter and Glassdoor and Indeed's lead? How do you see that like in the future? I mean, I have ideas, but what do you think? I mean, you're obviously you're partly Canadian, so I mean, you're somewhat biased.
Joel (15m 39s):
Yeah. Yeah. My son's half Canadian apparently. So, you know, I think that, you know, when everyone is zigging and you zag and so for, to meet to me, job boards have become very transactional. They become kind of cold and corporate. A lot of it is just an algorithm game or a programmatic game. So I mean, if you can come along and have be an alternative to what people are used to, and I don't know, put a little Canadian flavor, a little politeness, I mean, customer service could be a way to stand out. But ultimately, you know, these are help wanted signs on the internet. There's really no clear way of distinguishing, you know, one job site online for the other. So, you know, how can you differentiate yourself?
Joel (16m 21s):
I think you go where Indeed is not. You have a human being, you have a touch, you have a heart a little bit. I think that would go a long way. But ultimately this as a traffic game, it's an eyeball game. And if you can do that better than others, and that's great. I mean, you and I both remember when shit, what was Talroo's, first name
Chad (16m 40s):
Jobs to Careers.
Joel (16m 41s):
Jobs to careers, right?
Chad (16m 41s):
It's still out there.
Joel (16m 43s):
Yeah. Still is. Yeah. I just didn't remember the old name. I want to say Jobs-to-Web, which is even further back, but I mean, you know, their whole thing was like, they just were better middlemen for the traffic and that's kinda how they were born. But that was a very technical way of differentiating yourself. talent.com. I just, you know, zig when everyone else is zagging. And so far, I think they're doing a decent job of doing that. Your thoughts?
Chad (17m 14s):
The only way I see talent.com making up ground is with competitor collaboration and/or aggressive acquisition in building an open ecosystem where Indeed as a closed ecosystem, they could go niche into areas like healthcare or high volume types of positions and try to steal an entire high paying performance market from Indeed, but trying to compete on a grander scale and choosing to fight on the SMB side just doesn't make sense to me. I think you're right. One of the things that Talroo did well. And I think they're doing well now is they're playing the niche side very well. I think if talent.com focuses on industries that are high paying CPA, CPC industries, and they go after acquisition targets and they start to create these external ecosystems, they boost revenue and you know, they start eating away at that huge, huge Indeed lead.
sfx (18m 11s):
I can make you rich.
Joel (18m 13s):
Speaking of nostalgia, let's talk about CareerBuilder.
Chad (18m 15s):
Do we have to?
Joel (18m 17s):
CareerBuilder is in the news kids. Glassdoor is certainly suffering some sleepless nights in light of this news, Chad. CareerBuilder is beefing up its content for job seekers, with the launch of a new feature called you ready for this: CoLab. Showing typical salaries, skillsets, and alternate career paths for various job titles, CareerBuilder CEO, Susan Arthur, who is always invited on the show if she's listening, wrote in the product announcement, quote, "candidates have been searching for a source of truth when it comes to understanding certain roles and specific industries,"
Joel (18m 57s):
CareerBuilder spreading the truth, Chad. 2007 called and it wants its innovation back. Your thoughts?
Chad (19m 5s):
Sue, Sue, Sue, first off CoLab, what the fuck does that even mean? Seriously? You go to the CareerBuilder site and you hit the salaries and advice tab and one of the choices is literally listed CoLab. What the fuck does that mean? That literally means nothing to anyone. It's about as useless as their Pokemon for jobs app, which they are still pimping to job seekers. So how do you make this a user experience anyone can understand? Here's a great example, and I went around to a bunch of different sites to try to get an idea of how this actually makes sense. And, one of our sponsors Adzuna, on the homepage, they have it very prominently displayed "Value My Resume.
Chad (19m 47s):
What are you worth?" Okay, well, I want to know what I'm worth you. Click on the upload resume. Then it takes you to a page that makes a pretty gripping statement. Find out if you're being paid fairly. Well Fuck, I want to find out if I'm being paid fairly and then right there, you upload the resume. I got to say, Sue, what the fuck are you doing? The first announcement, was a new meaningless logo and colors. And how does that move the revenue needle? And now CoLab, this isn't strategic. It's amateur. It's catching up with 2010 initiatives. They were useless back then and they allowed Indeed to creep up on CareerBuilder and Monster and overtake your un-disciplined ass back then how do you think it's going to help you get ahead?
Chad (20m 38s):
I just don't get it.
Joel (20m 40s):
Truth, justice and the CareerBuilder way, Chad.
Chad (20m 41s):
Oh, damn. That's the new slogan.
Joel (20m 44s):
You like that? That's better than whatever the hell they're using now, which no one can remember. You stole my thunder a little bit with the Pokemon go comment. And I was like, at least Irena brings some crazy ass shit as a first statement. Susan's first statement is yeah, the stamp logo. And then now, Hey, searching for a source of truth? that's CareerBuilder. Totally lame, totally weak. The only reason this got any play whatsoever is it's CareerBuilder. If some other site launched CoLab as a source of truth for job seekers, no one would ever have paid attention, but because they're CareerBuilder and we haven't talked about them in a while, we thought we'd bring this one up. I have nothing else to say about this.
Chad (21m 25s):
No, I, I say we'd just go ahead and push ourself away from the table because I'm full of all of this bullshit.
Joel (21m 35s):
And you got some DJ Sol, you want to talk about?
Chad (21m 39s):
Joel (21m 40s):
All right, man. Let's take a break and we'll do a little dancing with DJ Sol.
Chad (21m 43s):
Okay. So on the Cult Brand episode, neither you or Julie knew who DJ Sol was. Now, do you know who he is now?
Joel (21m 53s):
I do now, but in my defense every Saturday night live has a musical guests that I have no clue who they are. So DJ Sol was had no chance of me of me knowing who he is.
Chad (22m 7s):
Yeah. He's like 170 years old. Okay. So we're talking about, we're talking about David Solomon, who's the CEO of Goldman Sachs. He also goes as DJ Sol and he spins records. I mean, he legit DJs, but the guy's a total asshole. Anyway, we're getting into this story. So from Yahoo finance, "fighting a strong trend toward hybrid work, Goldman Sachs CEO, David Solomon, AKA DJ Sol has repeatedly insisted that employees returned to the office full time, leaving no doubt that he views remote work as a temporary aberration."
Chad (22m 51s):
But on the day, the investment banker giant reopened in US only 50% of the 10,000 workers returned to its New York headquarters, despite receiving more than two weeks notice. So the question is, is this a revolt or are we just going to see companies who forced this shit to happen, start to have to back up because they need their people because they need the revenue.
Joel (23m 16s):
Yeah. So as I understand it was optional, but strongly encouraged kind of like those summer practices that we had, back in the day Chad, they're voluntary. But if you want to actually make the team you want, you want to show up.
Chad (23m 23s):
Joel (23m 23s):
So the fact that this was voluntary, but not really. I mean, when the boss says like, Hey, we'd like to come, but like you to be back in and half the people 5,000 people say, no, thanks. That's very telling Chad and this isn't like a high-tech company. I mean, they do tech, but it's banking and finance and what we've heard from Jamie Diamond and DJ Sol, Fresh Prince and whatever, so that would make an interesting to do it. So what they've said is like, you're going back to work. Like we're going back to the office. I don't give a shit. If, if you know the drive, the commute sucks. Like this is the way it is. And the first statement out the gate is half of us, aren't going to show up. So I think ultimately particularly in the banking sector, they're going to have to make it mandatory.
Joel (24m 7s):
I mean, they're going to have to say like, you're fired. If you don't show up, if they want people to show up. I think in tech, they're dealing with the same kind of issues. We talk about Google. We talk about Apple saying, you know, get your ass back in the office. Workers, revolts, Google bends and says, okay, we'll do three days a week, or I think Apple said three days a week. So we'll go hybrid. Can banking go hybrid? I guess, but now that's probably not what they wanted to do. I think ultimately like workers are making a statement that if you don't like it, we can go work somewhere else and you need to accommodate us or we're gone. And that's the end of the story. So I think companies, whether they like it or not are going to have to evolve and adapt to the worker's demands and make work from home and flex time and whatever else, the business as usual, the new businesses usual.
Joel (25m 0s):
So that's it, man. It's fun watching this thing unfold and watching the workers have the power. Will it always be that way?
Chad (25m 13s):
Joel (25m 13s):
It looks that way.
Chad (25m 16s):
I don't know that it will, but I tell you what, it's interesting watching executives who are prioritizing abstract concepts, like culture, camaraderie, normalcy over flexibility, lost time, cost of commuting, childcare issues, and just spending more time with your fucking family. Man. Plus, I mean, in a tight labor market companies are going to experience higher attrition in low application rates. As they start to see this shit, companies are not going to want to be associated with that brand because they have gotten a taste. They got a taste man, and they know what it feels like. They know how their performance is. Some will want to get back into the office, offices and some will need to be, there's no question. Some of the younger individuals who need to be trained, who need to have the mentorship and the discipline and so on and so forth, there's going to need to be that.
Chad (26m 6s):
But companies are going to have to figure out that this is not an all or none scenario. This has gotta be something where you are much more flexible and it could be perspectively benefits in promotions or hitting goals or who the hell knows. But at the end of the day, it can't just be black or white you're in, or you're out.
Joel (26m 24s):
You know, you want to see a big employer, like throw the hammer down and say everybody back to work now to see what happens. I want to see what happens when a big employer says that, because that'll be very telling. My guess is it's going to be chase JP Morgan Chase with Jamie Diamond saying, get the fuck back to work. That'd be fun. That'd be fun. Why does the DJ Sol just, you know, sling in the hits and get people back in the office? It sounds like.
Chad (26m 54s):
Like during lunch.
Joel (26m 54s):
That's a party. I want to go to DJ Sol spinin the tunes, baby. All right.
Chad (27m 0s):
In the cafeteria.
Joel (27m 1s):
In the cafeteria. Free food, Baby. Why would you not go in the office for that free food? Okay, let's move on from DJ Sol. You can find his new music on iTunes if you're interested and let's move on to a Creatively. Interesting startup. Creatively, a jobs platform that allows creatives kind of like you and me, Chad, to showcase their portfolios digitally and offers collaboration tools, has raised $8 million in new funding. The latest seed round of investment includes contributions from NBA superstar, Kevin Durant, and former Disney CEO, Michael Eisner. The new investment will go towards boosting the New York based platforms, product and engineering teams and growth marketing and data tools as well as quickly debuting a planned same day payment feature called Creatively Pay, which is really creative by the way.
Joel (28m 0s):
The platform has raised 19 million in funding and says more than 2000 brands, including Nickelodeon, Comcast, and PBS use Creatively to find job candidates. I feel like we've seen this movie before. It was a two-parter called Working, Not Working and Communo the only difference is the names behind it. Your thoughts?
Chad (28m 15s):
Yeah, no question, and I think it's funny that you didn't hit creatively.life, which is the a domain and that's,
Joel (28m 25s):
I left it for you, man, a big meatball for you to just knock out of the park. There you go.
Chad (28m 31s):
Shitty domains. And it also has forced job seeker registration, another no-no, but let's be Frank right out of the gate. $8 million for this group is couch cushion money. I want to kind of step back for a minute though, because remember when Jeffrey Katzenberg sunk a bunch of cash into Quimbee, I mean, seriously, the guy knows the industry. It launched at the perfect time during COVID when screen time was exploding. And yet what happened, Jeffrey was out of his depth. He's a producer, a media mogul, but he did not really know streaming. This was an entirely new world that he thought was going to be the same as he knew.
Chad (29m 15s):
Well, what does Kevin Durant, Michael Eisner, co-founder Stacey Bendet or CEO, Grigory If know about how the rest of the world finds talent or finds a job. Yeah, they don't. But here's, here's where I see a big difference. You talked about If earlier and, and Working Not Working with Creatively versus Working Not Working, which you'll remember was acquired by Fiverr, by the way. The difference is hunger. None of these people are hungry. Unlike a guy like Gignac. And I like my startups to be hungry. I like them to be scratching and clawing for that next innovation. This to me, I've been in the platform, this to me does not scream innovation.
Chad (29m 56s):
It screams a bunch of rich people who want to throw a party online, for creatives.
Joel (30m 3s):
Yeah. It's a rounding error and a nice tax break for a lot of these people.
Chad (30m 9s):
Joel (30m 10s):
In addition to the hunger, I like organic. I like some core competency. I like seeing passion. Certainly we saw that with Working Not Working and Camino as well. There's some love there around the creative space. So I agree. Now what I did find interesting was there same day payment feature. And I think
Chad (30m 32s):
In their portfolio, by the way.
Joel (30m 35s):
I think that's probably a trend we're going to see more of, I mean, we're saying like restaurants and fast food service industries having sort of same day payment and will we start seeing contract work same day payment? I don't know if Uber and DoorDash and those pay the same day or not, but it seems like that could be a trend that we will see more of. I mean, if either Fiverr or Upwork wanted to, you know, punch the other one in the stomach, they could offer, you know, same day payment for the work that's done and get some attention that way. So, yeah. I agree. Like, you know, the names on this, just like the fact that we're talking about CareerBuilder is it's CareerBuilder, probably only reason we're talking about Creatively as well as the other media outlets is that Kevin Duran, Michael Eisner, and some others are part of it, but otherwise it wouldn't surprise me to see this thing fade into the distance in the future.