GO
Loading...

Power Pitch

Q&A The Muse

The Muse

Source: The Muse

Name/Title/Company:

Kathryn Minshew, founder and CEO, The Muse

What is the mission of your company?

We help 4 million job-seekers make better decisions about their career, via beautifully immersive job search, actionable career content, professional development and predictive job matching. Great people come to us to answer the question, "What do I want to do with my life?

Explain your business modelhow do you make money?

Companies pay $6,000-$60,000/year subscription to post jobs and a profile on our site. We have 100 current customers ranging from McKinsey and AOL to Pinterest and Foursquare to Teach for America and NPR. Newly added current customers include Gucci, Facebook and Intel.

Whom do you compete with in this space and how are you different?

Existing job search products are clunky, transactional and overwhelming, and they target people who are (1) actively job searching and (2) know what they want. [Example: a typical search on LinkedIn returns 5,500 results with little differentiation between companies/options.] They don't allow candidates to browse, they don't allow companies to showcase culture, and they fail at making connections based on "fit." Candidates & HR directors alike hate this.

We are the only company to treat the job search as more of a relationship than a transaction, and we are absolutely committed to this belief. Our user is an individual looking to find a passion, discover a job that fits, excel in that job, advance in that job, build a career out of that job: in short, that job-seeking is part of a larger cycle: only one of a series of important career decisions that individuals make. We're there for all of them.

Where are your headquarters?

New York City

Number of full-time employees?

11 full-time employees plus numerous freelancers and contractors

Year Founded ?

2011

Funding round?

Seed round raised

Funds Raised?

$1.2 million

Key Investors ?

Y Combinator, 500 Startups, Great Oaks Ventures, Eric Ries, Cathie Black, Gordon Crawford

Prior experience

Kathryn Minshew previously worked on vaccine introduction in Rwanda and Malawi with the Clinton Health Access Initiative and worked at the management consultancy McKinsey & Company. She has appeared on CNN and Bloomberg, spoken at MIT and Harvard, and was recently named to Forbes' 30 Under 30 in Media and Inc.'s 15 Women to Watch in Tech. She also regularly contributes to WSJ and HBR on career and entrepreneurship topics.

Featured

Contact Power Pitch

The Power Pitch

  • CNBC's "Power Lunch" is giving CEOs a chance to make a 60 second "Power Pitch" aimed to convince a panel of experts that their start-up has what it takes to succeed.

Power Lunch

  • After Express Scripts exclusively selected AbbVie over Gilead and JNJ for its hepatitis C drug, CNBC's Meg Tirrell discusses how the news has impacted the entire biotech industry.

  • The Interior of the Sparc dispensary in San Francisco, California

    Both Oklahoma and Nebraska want to snuff out marijuana in Colorado because it isn't a legal drug as far as the Feds are concerned, reports CNBC's Kate Rogers.

  • CNBC's Sara Eisen takes a looks at how consumer demand and innovation is driving big change in the beverage industry.

Technology

Small Business