Erin Griffith at Wired profiles ExecThread, a site where executives can share and find job opportunities within an exclusive network of their peers. The site is the brainchild of entrepreneur Joe Meyer, who realized the potential for disruption in executive recruiting when he sold his startup HopStop to Apple in 2013 and was approached by dozens of recruiters bearing job offers he didn’t want:
He quickly realized that C-level job opportunities weren’t listed on job boards—they came through friends or colleagues. So he decided to share the 99 job opportunities he didn’t take with his network, building an informal online community of high-level professionals. The hope was that his professional contacts would share their unwanted “hidden” job opportunities, too. …
Over the past two years, the site has grown by word-of-mouth to 15,000 self-described “high-caliber” members. Of those members, 80 percent are vice president-level or higher. Cumulatively, they’ve discussed more than 7,000 jobs. Beginning Thursday, anyone can apply—but you may not get in. ExecThread vets applicants based on recommendations from existing members, how networked applicants are, how willing they are to share job postings, where they’ve worked, and what titles they’ve held. Existing members vote on incoming applicants.
Meyer tells Griffith that he hopes for ExecThread to “democratize” high-level job searches by allowing executive candidates to compete for opportunities that are not pitched directly to them by recruiters. He believes the site can do a better job of sourcing talent than executive recruiting firms, but also envisions eventually monetizing ExecThread by selling users’ data profiles to those firms.