Not sure about anyone else but the disrespect and poor responsiveness from double digit IQ headhunters has gotten out of control especially when they are just glorified schedulers. Wanted to gauge people's appetite and thoughts on if I were to start a new headhunting firm as someone who actually worked in banking and pe at great shops. Could use AI to help schedule and do initial vetting and have spent enough time in the industry to know how to actually match people with firms that fit their interests. Capital requirements are light but getting into the firms obviously a challenge given contracts with current HH firms. Thoughts?
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I like it. What are typical contract lengths for other HHs? As in, how easy would it be to get a few funds picked off that aren't happy with their current firms.
Thinking out loud, I think you need to reframe what you're solving. All of the painpoints above are candidate-side (scheduling annoyances, etc.), but the PE firm is the paying customer. You need to figure out where they're being under-served (associate turnover due to mismatched expectations/fit, low candidate funnel conversion across hiring stages, etc.).
I'd suspect that you may find the existing system (while clunky) may not be broken enough for conservative, relationship-oriented funds to switch long-standing HH allegiances to something upstart....but I definitely could be wrong!
I agree it is mainly candidate side but I think you can see the lack of fit with a lot of HH given half the firms I recruited with a few years ago now all use different HHs. I know my firm was about to leave their HH because of poor candidate fit in pipeline they sent. At the end of the day if you can do a better job at vetting candidates to provide a better experience for both sides seems like a win
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