elevator pitch: Twine makes internal mobility seamless. Our algorithms recommend the best internal employees to fill open roles, helping companies boost retention and significantly reduce hiring costs by efficiently hiring from within.
Where did the idea for your venture come from?
Twine evolved from our side project, ClassmateMatch, which was a professional networking service to help people identify and meet the most relevant people in their organization. Our strategy was to sell this technology to large companies to build mentorship and networking programs.
After speaking to 30 potential customers (HR executives), we got consistent feedback to focus the matching technology on internal recruiting instead.
As we started learning more about this problem, over and over again, HR leaders we spoke to complained about the broken state of internal recruiting. We’ve put our prototype in the hands of recruiters at our current corporate client, who have called it the future of internal hiring.
How will your venture change the world?
Companies are fighting a war to attract top talent, spending billions to recruit the best external hires. Yet every year, the average Fortune 500 company loses $100M in undesirable, preventable employee turnover. And employees, especially millennials, are leaving their jobs faster than ever.
Twine helps employees build careers that grow with, not out of, their companies. By bringing efficiency to internal job markets, Twine unlocks a tremendous amount of value for both companies and employees.
- Joseph once met Travis Kalanick at a bar and asked him about Uber.
- Nikhil once walked around the entire island of Manhattan (32 miles).