It's no secret folks, The D.C. Metro area continues to build a reputation as a hotbed for innovative startups. This innovation and growth could not be possible without the presence of strong venture activity over the last couple of years. In a recent report from Pitchbook (source: National Venture Capital Association), the Washington metropolitan statistical area is well on track to raise more than $1 billion in venture funding this year, with $897.5 million raised in the first three quarters. In 3Q 2016, the DC Metro area ranked 8th in the country on deal count alone.
“VC Deal Count per major metropolitan area in the United States, Q3 2016
(source: Pitchbook/National Venture Capital Association),”
With the increase in startups comes the need for more engineering talent. This classic scenario of supply and demand has created the tightest start-up job market in recent history, and companies across DC, Maryland & Virginia are looking to Founders, Board Members & VC backers for support. Silicon Valley has already seen this scenario play out, and as a result a handful of venture firms, including some of the larger VC's in the country are now stepping up to help by hiring full-time tech recruiters at their firms (source: The Wall Street Journal). While this can be a temporary solution, a more effective long-term strategy in identifying top talent that seems to fit well among many venture firms is engaging directly with specialized recruiting firms, like hatch IT.
The team at hatch has recognized that the current state of recruiting is not designed to satisfy the needs of growing startups. In an ecosystem saturated with high-cost staffing firms, hatch has designed an alternative specialized recruiting solution (RPO-4-Startups) that has already been adopted by a few DC based tech startups. As a result, these companies have realized 30%-40% cost savings vs. standard staffing rates, and a reduction in their time to fill urgent engineering openings, amongst a number of other benefits. It's now our mission to get the word out to the VC community and to offer you an alternative solution you can recommend in your next board meeting when staffing comes up. If you have interest in learning more about how our RPO-4-Startups model could work for you, fill out the request form below to receive our detailed hatch RPO4Startup capabilities deck. We'd love to be a resource for your firm & portfolio companies going into 2017!
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What Our Clients Are Saying...
"Hatch IT has been instrumental in helping us (Invincea) build out our Data Science practice over the last few months. Hatch quickly identified qualified candidates and helped us hire a Principal Data Scientist, Sr. Data Scientist, & Data Engineer for our team. In a talent-constrained market, we’ve had great success working with the hatch team and I would recommend their services to any organization looking for strong Data Science & Data Engineering talent. "
- Joshua Saxe (Chief Data Scientist), Invincea/Sophos
"Hatch IT has been an excellent partner in helping us hire quality engineers. They have consistently understood our needs and delivered high quality candidates."
- Alan (VP of Engineering), Cybersecurity Software Company
"Hatch IT has done a fantastic job in helping us in our recruiting efforts. We found them accidentally, but I am so glad we did. They outperformed several of the other big-name recruiting firms that were helping us. I’ve worked with them on several placement searches since and they have consistently done a great job of finding the best candidates in a fast timeframe. Overall, their dedication and straight-forward approach to finding us the right candidate has won us over!"
- Dave / Director of Technology, Grant Management Software Company
"Hatch IT has been a valued vendor in support of our engineering based needs. They have been effective in identifying talent that aligns well with our tech stack and our company culture. I highly recommend working with hatch.”
- Anissa (Lead Recruiter), Business Process Software Company
"I have worked with Tim and his company hatch IT since 2011. Their innovative methods to identifying solid candidates yields immediate results. However, what sets hatch apart from other recruiting firms is their approach to working with our hiring managers and developing a relationship with prospective candidates. As a result, we have found more success in hiring 1st choice candidates. In short, good candidates have options; with hatch's support, the scale is consistently tipped in our favor."
- Curt (COO), Cyber Security Startup
“Hatch IT understands what we're looking for, our culture and process, and our need for urgency. I'm very pleased with the quality of the candidates that hatch IT has sourced for us, and the professionalism of the team. Highly recommended!”
- Mitch (CTO), Financial Tech Software Company