What is Business Draft?
Business Draft, Inc., an Oregon corporation, is the only career acquisition platform that helps candidates and companies match, connect, and hire faster. Business Draft is the only all-in-one platform featuring an unprecedented tailored matching system which aligns candidates and companies based on their unique skills and requirements, in addition to an extensive range of interactive profile tools which use video response technology and an intuitive end-to-end candidate tracking system. Business Draft provides more comprehensive career services than traditional hiring platforms to significantly reduce the “time-to-hire” gap.
How is Business Draft Different?
Business Draft is carefully designed and optimized to be quick and easy to use for everyone. Companies and candidates today are using between 5 – 10 systems to accomplish hiring or being hired. Some use upward of closer to 20 systems and never get any responses back. Over 50% of smaller companies still use manual processes such as spreadsheets and paper documents. Business Draft captures the market share of our competition as our platform reduces unnecessary back and forth between candidates and companies, which helps streamline hiring and keep costs down. Our competitors are complacent and satisfied with earning revenue from job placements. We are not satisfied until we have successfully prepared, tracked, followed the user journey and helped each side manage the process more efficiently.
The Team:
Business Draft was founded in 2022 by Ty Peck and Marcus Wyckoff who share a common vision that job seekers and hiring companies can be better served with a platform which uses innovative software and services to help individuals and companies to match, connect and hire faster. Kendra Longworth, COO and Erik Weaver, CFO joined Ty and Marcus in 2023. The c-suite has over 15 years of experience in driving revenue growth and leading companies to successful transactions.
The Investment:
Seed Target: $1.325M
Current Amount Raised: $325,000
Funding Type: Simple Agreement for Future Equity (SAFE)
The initial investment of $1.325M will provide operational working capital which will be utilized in areas to grow revenue, candidates and the platform. All the costs used have a direct ROI through increased revenue, reducing churn, or leveraging efficiencies to hit optimal margins.
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