Search - Tuesday, May 24, 2005
Indeed.com - Profile
HQ: Stamford, CT
Founded: 2005
Management: Indeed was founded by Paul Forster and Rony Kahan who previously developed the finance jobs site JobsintheMoney.com, which they sold to Financial News in 2003.
Investors: To date, the company has been bootstrapped with seed financing from the founders.
Business Model: Indeed is a jobs aggregerator that indexes more than 500 sites including Monster.com and Hotjobs. The company is powering job search on other sites, starting with Clusty.com and Info.com. Users can get create feeds such as software engineer - Sacramento - part time, then get feeds via RSS or email. Rather than charge subscriptions as other job sites do, Indeed.com earns its revenue via advertising. The model has worked well for other sectors, most notably travel.
Competition: Ziggs.com, Oodle.com, workzoo.com, Simplyhired, Work.com.
Dirt: Indeed seems to have done most everything right so far. We quibble with the brand name - Indeed.com - why not Frankly.com or InPointOfFact.com. But the functionality is great.
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