Is PinPoint Partners A Real Firm?

I've gotten many, many emails from PinPoint Partners over the years. I've seen them get memed many times but am wondering, are they even real? 

Has anyone ever actually gotten a job from them? What about just an actual, real interview?

Has anyone ever hired them? Or know someone who did?

Honestly just curious, because as I read their emails, I constantly think to myself "what self respecting $4B AUM private equity firm would ever hire these guys."

20 Comments
 

I have heard of people who have gotten interviews from them, but I would avoid them at all costs.

They have a business model that basically requires them to cast a broad net for searches but they are so haphazard and unwieldy about how they go about it that it is a turn-off for a lot of professionals.

This question does seem to come up once to twice a year and it feels like the response doesn't change (which is not a good look for the firm, but I doubt they even care).

 

A lot of their “mandates” are really just open processes that they’re inserting themselves into… not proprietary, not contracted, often zero relationship with the company. They’re not a scam, per se, as in they really are trying to place candidates, but working with them often is no better (potentially worse) than just sending in your resume yourself. They also keep the lights on by asking you for things like current compensation and aggregating / selling that data. I spoke with them a few years back and was pretty put off by the experience

 

Hi, along the some veins as Pinpoint, is Greenwich Partners even a real firm? There's this particular role I was interested in before, I applied for the posting. Then the firm decided to take the posting down, and repost it again 1 or 2 days after... This has continually been repeated for the last 2 weeks or so. I find them really disingenious and had I known this, I wouldn't have wasted my time.

What kind of scheme are they trying to pull? Put up an interesting job posting, collect resumes, then delete and repost again continuously?

 

I truly don't think so. My evidence is 1) I've had people ask me about a posting that looked almost identical to my fund - but I know we weren't hiring and we certainly would never use Pinpoint, 2) WaterStreet partners appears to be identical, and 3) as I've moved up in seniority, I've started getting cold emails from them with resumes attached but the names removed and the email saying we need to engage with them to see the candidate.

My hypothesis is they send out fake mandates to candidates with the goal of collecting resumes, then they carpet bomb firms to try to get firms to bite, then they probably do coordinate that introduction between candidate and firm. Said differently it feels like a scummy way to try to get fees without having real mandates.

Avoid.

 

What the S&T analyst said lol they're real they just suck. They don't actually "have" mandates majority of the time from what I gather, they canvas the market to find job openings then take in resumes and send them cold to the hiring firm to try and earn a small fee. They make like 25% or less the fee that actual recruiters do as a result and also have a much lower hit rate. You can work with them, just don't expect them to be as effective as like Options Group or Execuzen. 

 

Complete joke. They pinged me on an oppty once that sounded interesting, I responded and setup an intro call. After 5 minutes on the phone I thought there was a high probability the woman on the other end of phone was developmentally challenged. Looked her up and it was some woman named Victoria who was supposedly quite high up. Complete amateurs and waste of time.

 

In a recent email blast they sent my current employer my resume, with the deals I had completed with my employer on it. Not sure what I would have done if I hadn't already put in my notice I was leaving. Most incompetent group I've ever come across. Avoid at all costs. 

 

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