INSUBCONTINENT EXCLUSIVE:
As LinkedIn announces the next stage of its own ambitions in the world of recruitment by bringing in more big data insights, another one of
the startups indirectly chipping away at its position among knowledge workers by providing a way of hiring and building entire teams in
remote locations is announcing another round of funding.Terminal, a San Francisco-based startup and platform that lets companies build out
remote engineering teams in international locations, and then helps with the wider practicalities that include finding workspace and sorting
out benefits, is today announcing that it has raised $17 million in funding
firm founded by Joe Lonsdale, who also happens to be a co-founder of Terminal (seems like co-founding while also funding is a pattern for
Lonsdale, a prolific investor who also is famous for being a co-founder of Palantir Technologies).Others participating include Atomic (where
two other Terminal co-founders, Jack Abraham and Dylan Serota, also work), Cathay Innovation, Cherubic Ventures, Craft Ventures, Kleiner
connected to the VC world, the startup has raised relatively little funding since being founded two years ago: prior to this it had only
disclosed one raise, totaling $10 million, according to PitchBook data.LinkedIn has carved out a big swathe of the online recruitment market
specifically in the area of knowledge workers, who also use the platform to provide public profiles of themselves, to brush up their skills
and to network with other folk in their various industries
That business has racked up 4 million hires this year already, CEO Jeff Weiner noted earlier today at a company event.But within that,
kinds of businesses to establish themselves and thrive.Terminal is an example of one of these
that the demand for engineers in those places, where the companies are based, still outstrips supply
solution is to source suitable engineers in other locales and use its platform to help a company build a team from them
They exist all over the world
Terminal helps startups access these engineers
Earnin, Gusto, Hims/Hers and KeepTruckin.Other startups have emerged to redress the imbalance of talent in specific locations while also
helping to support new ecosystems to emerge: Andela is taking a somewhat similar approach, but it focuses on emerging markets to source
talent, and engineers on its platform work as full-time employees for Andela itself, similar to Terminal.While many companies are embracing
In essence, it is taking a bet on the fact that it can successfully create teams remotely that might just remain for the long term at its
idea of 9-5 and everyone working together in a big (or small) building in order to get things done
At best, the consequences of that have sometimes led to more productivity and employee satisfaction, but challenges also remain
platform to usher the fragmented trucking industry into the digital age, and our engineers have been at the center of creating a
