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Introducing Global Benchmarking from Standard Metrics
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Sep 18, 2024

Introducing Global Benchmarking from Standard Metrics

8VC was founded to address major market gaps, and we’ve found several surprisingly close to home. We cofounded Affinity after seeing firsthand how legacy CRM falls short of real relationship intelligence, and today their platform is used by 3300 + investment firms. We noticed a similar gap in portfolio management and performance tracking, where manual work and nonexistent data were the norm. Driven by our own frustrations, we co-founded, seeded, and led the series A for Standard Metrics, which has grown to over 100 top investment firms and 7000+ companies while revolutionizing the efficiency and quality of data collection, portfolio analytics, and reporting. Now, building on the data foundation they created, they have launched Global Benchmarking, adding deep utility and macro awareness to match their micro abilities.

8VC was founded to address major market gaps, and we’ve found several surprisingly close to home. We cofounded Affinity after seeing firsthand how legacy CRM falls short of real relationship intelligence, and today their platform is used by 3300 + investment firms. We noticed a similar gap in portfolio management and performance tracking, where manual work and nonexistent data were the norm. Driven by our own frustrations, we co-founded, seeded, and led the series A for Standard Metrics, which has grown to over 100 top investment firms and 7000+ companies while revolutionizing the efficiency and quality of data collection, portfolio analytics, and reporting. Now, building on the data foundation they created, they have launched Global Benchmarking, adding deep utility and macro awareness to match their micro abilities.

Ready, AI, Hire: Announcing Our Investment in Tezi
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News
Jul 31, 2024

Ready, AI, Hire: Announcing Our Investment in Tezi

Recruiting is a founder’s most important job. The returns on top talent, and the network effect of smart people pulling in smart people, are the not-so-secret secrets to our work at 8VC - and building Palantir, Addepar, OpenGov, and Saronic, to name a few. Yet conventional hiring is slow and expensive. You need to ramp up in-house recruiters to overcome scaling bottlenecks (creating fixed costs for variable needs), or pay contract firms steep commissions (up to $20-40,000 for senior technical hires). $250 billion a year is spent on recruiting in the US, almost entirely on labor. Software only represents 2.6% of that spend, and is mostly mediocre. It’s also built for recruiters, not hiring managers, highlighting a bigger issue: recruiting outsources input away from a new hire’s future team, while steadily increasing overhead.

Recruiting is a founder’s most important job. The returns on top talent, and the network effect of smart people pulling in smart people, are the not-so-secret secrets to our work at 8VC - and building Palantir, Addepar, OpenGov, and Saronic, to name a few. Yet conventional hiring is slow and expensive. You need to ramp up in-house recruiters to overcome scaling bottlenecks (creating fixed costs for variable needs), or pay contract firms steep commissions (up to $20-40,000 for senior technical hires). $250 billion a year is spent on recruiting in the US, almost entirely on labor. Software only represents 2.6% of that spend, and is mostly mediocre. It’s also built for recruiters, not hiring managers, highlighting a bigger issue: recruiting outsources input away from a new hire’s future team, while steadily increasing overhead.

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