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Employer.com is a new "brand" from long-established Recruiter.com. My guess is that Recruiter.com planned to launch Employer.com in the near-term, and they saw

Employer.com is a new "brand" from long-established Recruiter.com. My guess is that Recruiter.com planned to launch Employer.com in the near-term, and they saw the Bench.co shutdown as the perfect opportunity so they've sped up their plans and "launched" employer.com. edit: after reading Recruiter.com's investor filings (as they're a public company) the acquisition of Bench is going to kill them. The founder has gone hog wild on acquisitions despite having barely enough income to support them. It's a tale as old as time: a medium successful company goes public and starts issuing shares to fund acquisitions at a rate far outpacing the business growth and suddenly, one day, the music stops and everything comes crashing down.

shesprtytechncl 2y ago
I am not doubting you, but where did you hear this abut recruiter.com?
- lbotos 2y ago
  there is a link on the page that links to "bountyjobs.com" -- which says on that page "a recruiter.com company"
- xeromal 2y ago
  The article of this post
deleted 2y ago
[deleted]
nameless_me 2y ago
The process you describe above is highly vulnerable as Ponzi scheme. The goal would be to raise total revenues, to paint a certain financial picture to meet targets for cashing out before the high debt load and interest payments sink the ship. As soon as there is insufficient cashflow for several consecutive periods, the whole thing comes crashing down. This is a strategy for cashing out, rather than building a long term sustainable book of companies for steady, organic growth which has the cash to payout dividends and reward loyal investors.
- scarface_74 2y ago
  > The process you describe above is highly vulnerable as Ponzi scheme. The goal would be to raise total revenues, to paint a certain financial picture to meet targets for cashing out before the high debt load and interest payments sink the ship. You have just described almost every modern VC backed company….

shesprtytechncl 2y ago

I am not doubting you, but where did you hear this abut recruiter.com?

lbotos 2y ago
there is a link on the page that links to "bountyjobs.com" -- which says on that page "a recruiter.com company"
xeromal 2y ago
The article of this post

deleted 2y ago

[deleted]

nameless_me 2y ago

The process you describe above is highly vulnerable as Ponzi scheme. The goal would be to raise total revenues, to paint a certain financial picture to meet targets for cashing out before the high debt load and interest payments sink the ship. As soon as there is insufficient cashflow for several consecutive periods, the whole thing comes crashing down. This is a strategy for cashing out, rather than building a long term sustainable book of companies for steady, organic growth which has the cash to payout dividends and reward loyal investors.

scarface_74 2y ago
> The process you describe above is highly vulnerable as Ponzi scheme. The goal would be to raise total revenues, to paint a certain financial picture to meet targets for cashing out before the high debt load and interest payments sink the ship. You have just described almost every modern VC backed company….