Firing Squad: Boostpoint CEO Sam Beiler
The Chad & Cheese PodcastApril 15, 202400:36:48

Firing Squad: Boostpoint CEO Sam Beiler

"Leave job boards in the dust." A bold statement for sure, but Sam Beiler, CEO and co-founder at Boostpoint, believes his startup has the muscle to really stick it to the job board industry. How? With a mix of social media marketing, automation, SMS and lots more, like - of course - an AI writing assistant. A lovely cocktail, for sure, but is it enough to put Indeed out of business. Well, about that ... oh, you'll just have to listen to find out what we think of Boostpoint.

"Leave job boards in the dust." A bold statement for sure, but Sam Beiler, CEO and co-founder at Boostpoint, believes his startup has the muscle to really stick it to the job board industry. How? With a mix of social media marketing, automation, SMS and lots more, like - of course - an AI writing assistant. A lovely cocktail, for sure, but is it enough to put Indeed out of business. Well, about that ... oh, you'll just have to listen to find out what we think of Boostpoint.

[00:00:00] So check this out. BrightHire just launched this amazing AI sidekick called BrightHire

[00:00:06] Plan. It's like having your very own AI assistant that can build full interview plans in just

[00:00:12] minutes. Imagine going from a job title to a thoughtfully crafted inclusive job description

[00:00:19] and a full structured interview plan in minutes. No, not hours anymore. It's a game changer

[00:00:24] for recruiters and hiring managers. I know I'm usually the one to hate on new tech,

[00:00:29] but honestly this sounds incredible. This is AI used right for better quality and more efficiency.

[00:00:35] It's like the holy grail of recruiting. Dozens of companies from high growth startups to

[00:00:40] multi-billion dollar enterprises are already using BrightHire Plan to save tons of money,

[00:00:46] time and raise the quality of their hiring. And here's the best part. You can give BrightHire

[00:00:51] Plan a spin for free. That's right, for free for 30 days just head over to BrightHire.com

[00:00:59] to get started. That's BrightHire.com to get started.

[00:02:05] I should throw that into AI. I wonder what AI would ping back on.

[00:02:18] Boilermakers. Anyway, you are CEO and co-founder of a company called Boost Point. Founded back

[00:02:25] in 2018. Welcome to Firing Squad. A lot of people don't know you, don't know the company.

[00:02:31] Before we get into the nitty-gritty of the business, tell us about Sam. We know so much

[00:02:34] about you from the green room that you need to share with the world. What are some of those

[00:02:37] bits and pieces that help us understand you, the person?

[00:02:41] Like to express himself in watercolors. Yeah, not quite me. Well, thanks for having

[00:02:46] me on the show guys. But yeah, a bit about me. So I'm based in Lancaster, PA, which

[00:02:51] is between Harrisburg and Philadelphia on the east side of Pennsylvania.

[00:02:54] Amish Country.

[00:02:55] Amish Country. Yeah, so with the last name like Biler, that's like a huge like Amish Roots

[00:03:01] name. So like that's actually, I run like a technology company, a software company.

[00:03:06] I grew up like half my relatives are Amish. My parents left the Amish like before I was

[00:03:11] born, but like really rooted in like the conservative Amish culture here in Lancaster.

[00:03:17] So I grew up like doing construction with my dad and then like in a manufacturing company.

[00:03:23] So kind of an unconventional way into tech and software. But it's been a fun journey right

[00:03:31] now for kids as well. So this year we're going to get on our bikes a lot and be outside.

[00:03:36] Nice, very nice. Well, Sam, welcome to your own personal room spring. This is called

[00:03:42] Fireing Squad, right? And this is how it's going to go. At Sound of the Bell, you are

[00:03:48] going to have two minutes to pitch boost point. At the end of two minutes, we're going to hit

[00:03:53] you with about 20 minutes of Q&A. Be sure to be concise or you're going to get hit with

[00:03:57] the crickets. That means tighten up your game. At the end of Q&A, you're going to receive

[00:04:02] either big applause, no boost necessary, crack that champagne because you're on the way.

[00:04:08] Golf clap. You're moving in the right direction, but you're going to need a little

[00:04:13] nitrous to get this bad boy moving faster. And last but not least, the firing squad. No amount of

[00:04:20] boost will get this Jolopy over the finish line. Call the junkyard and try again. That's firing

[00:04:26] squad, Sam. Are you ready? Ready or not? Let's go. All right, baby. Three, two. Hey,

[00:04:33] everybody. So boost point going to tell you a bit about boost point. Boost point is a

[00:04:37] recruitment marketing platform. The problem with the way people are finding jobs today is just

[00:04:45] it's evolving, especially for hourly workers and job boards relying on job board advertising no longer

[00:04:53] is sufficient to fulfill a candidate pool of qualified candidates, especially for hourly

[00:04:59] positions for mid-market and enterprise companies. That's where boost point comes in.

[00:05:03] Our platform is powered by targeted social media advertising to help you get in front of the passive

[00:05:09] job seekers, especially for hourly workers. We do this with three core products. One is our

[00:05:17] generative AI tool, which helps convert boring job descriptions into high-performing ads that

[00:05:24] you can place targeted at scale on platforms like Facebook, Instagram and TikTok. We have

[00:05:32] automated feature that we can monitor job feeds, XML feeds and then automatically publish

[00:05:39] job ads at scale on platforms like Facebook, Instagram and TikTok. Lastly, our SMS product

[00:05:48] ties the loop where you can automatically engage with these candidates as soon as they're

[00:05:53] applying through these social media ads. Those three platforms make up what is boost point

[00:06:00] as a software technology platform. That's about it. I'm not sure where I'm at.

[00:06:05] A minute and a half, two minutes. We can close it up, Sam. We can close it up early.

[00:06:10] Let's talk about the name. Chad had a lot of fun with the boost name. Personally,

[00:06:14] I think I'm buying cell service from Ted Danson or Ryan Reynolds. Maybe I'm drinking a

[00:06:20] protein shake in the morning. Talk about the name. Boost point doesn't really say social

[00:06:25] media marketing. Talk about the genesis of the brand. The genesis of the brand

[00:06:31] boost point is around targeted advertising. The thing, especially with recruitment advertising,

[00:06:40] it's mostly around a certain geography. It's like the idea of boosting and creating more

[00:06:46] awareness for brands around a certain geography. It's an answer. It's not sexy, but it's an

[00:06:53] answer. All right, Sam. Also, the dot com was available. I'll give you that. It's not .ai,

[00:07:00] goboostpoint.io or whatever. Yeah, I'll give you that. I will say we're most commonly

[00:07:07] misreferenced of our name tends to be goose point. I don't know how that just happens almost

[00:07:12] every time. It'd be gross point in Michigan. What did you say? Yeah, gross point. All right,

[00:07:16] so you've raised $700,000-ish. You've been around for a while. Are you just that

[00:07:22] profitable? Are you looking to raise a Series A? What have you done with the 700,000? Talk about

[00:07:28] the finances. Yeah, so our goal from the beginning was to be super capital efficient.

[00:07:34] And we've done that through maintaining a tight line on our expenses and growing at

[00:07:43] a healthy rate. We've had positive growth every year since we started back in 2018. It's

[00:07:49] just really stemmed from capital efficiency and keeping a tight reign on that.

[00:07:56] Well, excellent. Talk about the team. So how big is the team? Who is your co-founder? Give us

[00:08:02] a little insight on the actual team. Yeah, so there's 12 of us, 12 full-time employees right

[00:08:08] now at Boostpoint. We do all the product development in-house. This is our conference

[00:08:16] room. So we have a physical location. We're piping in the ceiling, but we won't talk about it.

[00:08:23] Danger. Our team is all local here in Lancaster, which has been a lot of fun and I still see a

[00:08:28] lot of value in being in a space as a startup. So a third of the team is the product team,

[00:08:37] and then we've got sales, marketing, and customer success.

[00:08:41] Talk about your background and then also your co-founder's background. Is it in recruiting

[00:08:46] technology? Where do you come from? Where do they come from?

[00:08:50] Personally, I have a sales and marketing background. So I got my wheels in business

[00:08:54] specifically first in sales and then figured out marketing, took a very unconventional

[00:08:59] approach like wasn't, didn't go to college or anything for marketing or anything. I actually

[00:09:04] didn't go to college, which is again kind of an unconventional way of getting where I'm at

[00:09:08] right now. But just really learned and understood sales and then specifically marketing the past

[00:09:13] decade in relation to social media. My co-founder, he brings the technical component to the table.

[00:09:21] So I know nothing about coding and all that stuff, but we synced up. That was kind of another

[00:09:27] weird one. It's hard to find skilled engineers in Lancaster PA itself.

[00:09:33] Especially when you're only hiring local, yes. See, that's a problem.

[00:09:38] We were super fortunate. That's kind of a long story how we got connected, but then even building

[00:09:42] the product team to where it is today, like it's all local talent and super talented talent.

[00:09:49] But yeah, we've been super fortunate to be connected.

[00:09:51] So what is the major problem you are trying to help the market with? And who does it help?

[00:09:58] So we really focus on helping companies with over a thousand employees attract,

[00:10:06] especially an hourly workforce. The core problem that we've seen,

[00:10:12] especially over the past three years is the way people are finding jobs is evolving.

[00:10:19] Even just like the broken process of how people find jobs, the whole idea like to go to Indeed

[00:10:24] and quick apply for a hundred jobs. And then you just have like an oversaturation of unqualified

[00:10:31] candidates because of kind of that broken experience.

[00:10:34] So are you helping the recruiter to be able to get to that point faster? Recruitment marketing,

[00:10:40] who are you trying to target with this solution? Who's having pain on a daily basis?

[00:10:46] Our buyer is either in recruitment marketing or like VP of talent acquisition,

[00:10:52] where whoever's job it is to and different organization sizes, different titles.

[00:10:57] But basically whoever's responsibility is to source talent and attract talent

[00:11:02] and deploy advertising dollars.

[00:11:04] Okay. So you've got Gen AI, which pretty much the whole world has today.

[00:11:10] Do you use generative AI in monitoring the job feeds to be able to create content off of

[00:11:16] that? And then also the engagement through SMS is generative AI pretty much wrapped into the

[00:11:23] entire platform. Whereas we specifically use generative AI is in the content creation of ads.

[00:11:30] So one of the, especially when you think of programmatic advertising and trying to

[00:11:35] fit that process into social media ads, there's a little bit of a disconnect because like,

[00:11:40] well, Facebook isn't Indeed or like the job board format.

[00:11:44] So what we're doing with generative AI is taking your job description.

[00:11:48] Hey, here's that boring job description and reformatting that with the right headlines,

[00:11:55] the right ad copy to actually encourage engagement on social media because you copy

[00:12:01] and paste a job description in a Facebook ad, it's not going to perform.

[00:12:04] So that's specifically the role that generative AI plays within our technology

[00:12:10] is to convert those job descriptions into high performing social media ad content.

[00:12:15] Okay. So generative AI, what model are you guys currently using?

[00:12:20] We use open AI, GPT-4.

[00:12:23] Gotcha. Okay. So generative AI is obviously commodity now because everybody has it.

[00:12:28] So what does boost points moat against the rest of the market?

[00:12:31] Because everybody has generative AI now, whether it's Amazon's,

[00:12:36] whether it's Google's, whether it's using open AI and Microsoft.

[00:12:40] So what's your moat?

[00:12:41] Our moat is specifically how to leverage that for social advertising.

[00:12:45] So like all the models that we've seen like just kind of used out of the box and without the

[00:12:51] expertise of understanding social media advertising, it's all vanilla and you don't

[00:12:57] actually get like high performing ads. So that's our specific moat to this is like

[00:13:02] we bring the social media expertise to this and how to leverage AI to leverage it into

[00:13:11] super high performing ads.

[00:13:13] So what about ad agencies who've been doing this for a very long time, obviously have

[00:13:19] deeper pockets and they have access to generative AI?

[00:13:23] It seems like they might be your biggest competitors,

[00:13:25] prospectively down the road. Is that the case?

[00:13:28] Yeah, what we've seen the gap there is the lack of automation because recruitment advertising

[00:13:35] agencies are more structured, like historically structured as like a services company.

[00:13:42] Leveraging AI is like an augmentation to make their people more efficient and where our approach

[00:13:47] has been always as a technology and a software company where we just bake it all into the

[00:13:52] technology and the software versus relying on more of the professional services model.

[00:13:59] Curious, why wouldn't a company just go to Facebook, create an ad, go to marketing and say,

[00:14:05] can you make us a little square ad that says we need warehouse workers and put it out there for

[00:14:11] us? Like is that conversation not happening? I'm just curious why people don't just go

[00:14:17] right to the cow for the milk and have to go through a middleman.

[00:14:20] Yeah, the answer is that the answer of that is kind of in the details of performing social media ads.

[00:14:27] So the reality is that most talent acquisition teams are very under supported when it comes to

[00:14:33] marketing, especially around social media. It's like it's kind of not all TA teams have

[00:14:39] like an internal recruitment marketing team. If they do, they're definitely not social

[00:14:42] media ad experts because we're not just talking about organic social, that's a whole other animal.

[00:14:47] We're talking about deploying thousands, if not tens of thousands of dollars a month

[00:14:52] into Facebook and TikTok ads. And there's certain details, even one of the main things we leverage,

[00:15:01] kind of building a quick apply experience. Facebook loves your money, Metta. They love

[00:15:06] to take your money. So it's super easy to deploy advertising dollars and to spin up an ad,

[00:15:10] but how do you actually have that perform into like, okay, what's my cost per applicant? What's

[00:15:15] my cost per hire? And like really being able to optimize for hiring.

[00:15:20] Your dashboard makes all that a reality. Like here are my ads, here's how I'm targeting,

[00:15:26] here's how many clicks, here's how many views, how many applicants am I getting? Like you guys

[00:15:30] kind of close that loop for the consumer. Is that what I'm hearing?

[00:15:34] Yeah, the biggest thing the way we close that loop is the candidate flow. So because

[00:15:39] like social media is just such a different platform, people are on their phones super

[00:15:43] distracted. So like creating an ad that's just directing people to your careers page or to an

[00:15:49] external landing page for them to apply, the ROI is not going to be positive. Like we've done a ton

[00:15:54] of A-B tests around like conversion. So you need to leverage the internal conversion pages of these

[00:15:59] platforms. And so, but basically the candidate data then is flowing from the Metta platform

[00:16:05] and like to be able to capture that and then to integrate with ATS platforms for the recruiters

[00:16:10] to be like, hey, someone applied on Facebook and I can instantly access that candidate because

[00:16:15] it's in my ATS. Our software helps with also like streamlining the candidate flow.

[00:16:21] Okay, you say it's easy but like Facebook has put some pretty hard restrictions on job

[00:16:27] opportunities and promoting and even I not even hiring anybody because it's job related or

[00:16:33] employment related. My ad goes through a certain level of policing. Yep. Talk about that and

[00:16:39] how much of a challenge or hurdle that is for your clients when they realize, oh, this ad isn't

[00:16:44] approved for Facebook or does that not happen in your system? Well, I mean, that's another

[00:16:48] moat to our platform because like that's one of the bigger challenges if you're doing it

[00:16:52] yourself natively through the as manager platform where our software has a lot of those checks

[00:16:56] and balances. It's like, okay, there's certain questions you're not allowed to ask in a lead

[00:17:00] form on Facebook, order get flagged. So like we have a lot of that stuff kind of filtered

[00:17:05] beforehand before you ever launched the ad. Meta is a hell of a platform to work with and we've

[00:17:11] needed to ride the changes of the platform but I mean, this is the only thing we do.

[00:17:17] Like we don't even do organic social media at this point. So it's enabled us to stay ahead

[00:17:21] of the curve because we monitor just this and we're not trying to do a million different things

[00:17:26] which has enabled us to stay ahead of the curve with a lot of the things that Meta is doing

[00:17:31] and so far it's worked. Who's your target client? Who's the perfect client for boost point? Who are

[00:17:38] you guys really honed in on? Our ideal customer profile really segments, you know, companies with

[00:17:44] over a thousand employees hiring hourly workers that tends to be a lot like the frontline workforce.

[00:17:51] 40% of our customers are in the healthcare industry. We do a lot in like trucking,

[00:17:56] transportation, manufacturing, warehousing, postal service, you know, things like that as well.

[00:18:03] But yeah, kind of the common denominator isn't necessarily a specific industry but it's like

[00:18:08] company size with the type of position that they're hiring.

[00:18:11] Okay. Are you working with any recruitment ad agencies to be able to provide them market

[00:18:17] differentiating kind of capabilities in prospectively white labeling anything like that?

[00:18:24] We are. Our newest initiative, most recent initiative is our ability to launch ads via

[00:18:31] monitoring an XML feed which has opened up the opportunity for us to work with programmatic

[00:18:35] advertising platforms as well and open up social media as a channel for those partners.

[00:18:42] And that's been really exciting. What's up guys? I got a question for you.

[00:18:46] What happens when you bring the power of AI to programmatic advertising? Well, game changing

[00:18:53] efficiency of course. What does that mean to you? Improved conversion rates, reduced cost per

[00:18:59] application and ultimately the one metric that we all know truly matters reduced cost per hire.

[00:19:06] Sounds pretty good, right? Well, great news. This technology already exists. Introducing

[00:19:13] highermaster.ai. Highermaster.ai is a data driven model that analyzes a wide range

[00:19:19] of data sources. It considers factors such as candidate demographics, job type, industry and

[00:19:25] historical performance data. It continuously monitors and optimizes your job advertising

[00:19:31] campaigns to adapt to changing market conditions and maximum results.

[00:19:37] Hiremaster.ai empowers recruiting teams to work more efficiently and effectively

[00:19:42] by automating certain tasks and providing valuable data driven insights. Why not give it a shot

[00:19:47] today? Learn more and start your trial by visiting highermaster.ai now. That's H-I-R-E-M-A-S-T-E-R.ai.

[00:19:59] Yeah, so are those white label types of integrations that you have that just automatically

[00:20:05] pop and you start using or and you're working with like the Recruits or the the AppCasts

[00:20:11] or what have you? Or are you working specifically direct to brand on this, the actual employer?

[00:20:17] How is that happening? We do both. It depends on the customer need. If the end organization that's

[00:20:25] hiring is looking at this as like a huge like brand play as well, we will advertise on behalf of

[00:20:32] their social media profiles so that they get the added benefit of the reach and followers that

[00:20:37] comes from supporting a page with advertising dollars. In that case, we'll usually be a part of

[00:20:44] the customer conversation and it's more of a partnership but then we do white labeling as well.

[00:20:50] We're just hey, the need is candidate flow from social media and so we're just in the

[00:20:54] back end monitoring the feed pushing candidates. So how does that happen? You monitor the job

[00:21:00] feeds. You isolate the jobs that you really need to focus on or at least the company

[00:21:05] helps you understand which jobs you need to isolate and identify and which ones you need to focus on.

[00:21:10] Then the system does what? Our system then takes the the the filtered jobs, you know,

[00:21:17] it for filtering from the feed. The first step is generating the content so Convert and that's

[00:21:22] where Generavaii comes into play. It's like looking at the job descriptions and generating

[00:21:27] the content for the social media ads. We're then taking that content and based on the

[00:21:33] geolocation and all the variables within the items within the job description itself. We're

[00:21:40] then automatically posting that to the meta platform to create targeted ads.

[00:21:47] So that in itself is entirely automated. No person has to push a button, nothing, it just

[00:21:52] automatically starts when you receive a job from the feed. Right now we have one step that's

[00:21:59] manual that kind of steps in between there. Right now we just launched the beta feature of

[00:22:03] this. Ultimately it will be completely automated but you know even the monitoring like one of the

[00:22:08] details is like well what if a job goes down? You know just and like we have like every three

[00:22:12] hours we monitor a job feed and so if the job closes, you know the ad will automatically close

[00:22:17] so that you're not getting candidates for jobs that are still open. You're a cobbler selling

[00:22:22] shoes which usually means you have the worst pair of shoes historically. So putting your own

[00:22:26] company or the microscope, your marketing solution, you should have kick-ass marketing just because

[00:22:32] that's the business that you're in. So I'm curious, you say things on the site like

[00:22:36] leave job boards in the dust like which you know I certainly appreciate but you get really out there

[00:22:42] but I want to throw some numbers at you and just get your sense of are you happy with that or not.

[00:22:46] So you have about 680 Instagram followers, 900 Facebook fans, 177 YouTube subscribers, 604 LinkedIn.

[00:22:55] You're a five-year-old company so that's about 100 a year. You have no TikTok presence

[00:23:00] which I'm kind of shocked at. Any marketing company should have a TikTok account I would think.

[00:23:05] Talk about your marketing, are you happy with where you are? Also you had a podcast that hasn't

[00:23:11] published since May of 23. Podcasting is hard though so I understand that but marketing-wise

[00:23:16] are you happy with where you're going? Is it effective? Retargeting efforts what not?

[00:23:21] Talk about your own marketing and its effectiveness. Yeah, so internal marketing,

[00:23:25] I'm a big believer and especially a startup with limited resources and again kind of our

[00:23:31] capital efficiency mindset is finding one maybe two channels that are super effective

[00:23:38] and really leaning on those because like we have a small marketing team. I have a marketing

[00:23:42] director and we have a content person and so for them to be really effective we've really

[00:23:49] needed to focus in on two primary channels and that's different. The reality in our space

[00:23:56] because B2B to HR and talent acquisition teams, it's different platforms than what we encourage

[00:24:02] our customers to be active on because like to find hourly workers, TikTok, Instagram,

[00:24:07] like Facebook those are the platforms that to be active on. The bandwidth isn't there. Got it.

[00:24:13] Yeah, LinkedIn, email marketing like we've found more success there.

[00:24:17] Who's your competition? I mean you seem to be all around, you seem to be like marketing but we

[00:24:22] do SMS. Now we're doing like sort of automated generative AI stuff. We just talked about focus

[00:24:28] and marketing. I would say what about focus in your solutions? Tile that together for me

[00:24:34] to where it makes sense. Who's your competition? Is it the Canada ID or ICEMS? Is it

[00:24:41] text recruiting? Help me understand that. Help me clarify that.

[00:24:46] At the end of the day, the problem we're solving is to be able to source candidates,

[00:24:51] qualify candidates from social media and help organizations hire those candidates.

[00:24:56] Our biggest competitive when you look at like okay who holds like the majority of the wallet

[00:25:02] would be job platforms like Indeed because that's where most job advertising is currently

[00:25:08] spent. So from like a wallet size I put Indeed as our biggest competitor

[00:25:13] even though our products aren't like apples to apples. From encapsulating our products really

[00:25:18] what we found is to be successful, to source candidates through social media and then hire

[00:25:23] those candidates, it's required us to build other features that aid in the candidate experience

[00:25:30] because just publishing a Facebook ad doesn't get you success. Well just publishing a Facebook

[00:25:34] ad and generating a candidate doesn't give you success in hiring. So like connecting with

[00:25:38] the candidate that's where our SMS tool comes into place and like helping you know from hey this person

[00:25:44] found us on a Facebook ad to work connected with the recruitment team. That's really where

[00:25:48] the Boost Point technology sits. Gotcha. You say on your site that you're loved by recruiters

[00:25:53] across the globe so talk about your global footprint. Yeah so we release a free tool

[00:26:01] it's like chat GPT for recruiters and Q4 of last year. So started like kind of as a freemium

[00:26:08] tool, a lead generation tool for us. It provides a lot of value and with that tool we've really been

[00:26:13] able to expand our reach a lot like we have users across the globe with that product specifically.

[00:26:20] For our advertising platform Boost Point Attract we focused on North America specifically.

[00:26:27] Tie those again together for me. You've got generative AI then you've got the

[00:26:33] monitoring of job feeds then you have SMS. How do those three work together?

[00:26:39] How those three work together is number one you need an efficient way to build ads and launch ads.

[00:26:45] So that's where our generative AI and our advertising tool comes into play. To really find

[00:26:52] hiring success we saw the need to build a method for companies to connect with the

[00:26:59] candidates immediately as well because what happens a lot is like oh you generate a candidate

[00:27:03] it gets into the ATS and two days later recruiters reaching out to this candidate

[00:27:09] they apply it on social media they were distracted and they don't even remember you

[00:27:14] two three days later. So that's why we built our SMS tool and there's re-engagement things

[00:27:20] that you can do with that as well. We can also integrate with ATS platforms like if there

[00:27:25] are text recruit people are using text recruit or other SMS tools paradox phenom we play well with

[00:27:31] partners in that space as well but we're like we need to have some sort of technology to automatically

[00:27:37] engage with candidates for this to be successful and that's why we built a platform for that.

[00:27:42] So is it mainly to re-engage them to complete the application? Is it mainly to engage them to

[00:27:50] complete the interview scheduling? What is it specifically needed for?

[00:27:55] The primary use case is to take from hey I've filled out a quick-apply kind of experience and now I

[00:28:01] need to schedule my interview and I need to get connected to most companies that's kind of the

[00:28:05] workflow some of us like hey complete the full application but whatever that next stage in

[00:28:10] the hiring process is that's what that tool encourages. Got you okay this I don't know Joel

[00:28:16] sounds a little expensive. Sounds really expensive Chad plus you got to pay Facebook for all the ads

[00:28:22] and then you got to pay these guys like what can I expect to pay for this product there Sam?

[00:28:28] So we've removed a lot of the barriers to get started we were just like hey in a space where

[00:28:32] a lot of people are requiring annual contracts and like a minimum ad spend we're like hey we have

[00:28:37] a technology that we've built that can just do this so our minimum it's wrapped into how much

[00:28:43] you're investing into the social media platform so our pricing model for attracting the advertising

[00:28:49] piece is a minimum of $1,500 a month of spend boost point just retains a portion of that

[00:28:57] advertising spend so we are good fit we do a lot in like the healthcare and like the franchise

[00:29:02] like caregiver space senior care space. So is there a set commission that you guys take?

[00:29:07] There's a set commission our standard is 30% of the ad spend. Of the ad spend that's retained.

[00:29:14] That's pretty good that's not too bad and then there's for SMS tool that's like priced

[00:29:22] by volume of SMS credits needed. All right Sam you know what that bell means it means it's time

[00:29:30] to face the firing squad are you ready my friend? Bring it on. All right all right I'm

[00:29:35] going to go first because Chad's done the first grading for past few episodes so full disclosure

[00:29:41] on this I'm an advisor for candidate hub and rec text which kind of have bits and pieces of what

[00:29:47] you guys are doing so I just wanted to put that out there before I give my thoughts. To me this

[00:29:51] is a lot like we did we interviewed a company was it draft board chat that did these like

[00:29:56] referrals you market the job and they pay they pay you thousands of dollars if someone you

[00:30:01] know clicks on the link and they apply from that and that idea has been around for 20 some years

[00:30:07] and it just doesn't catch on. That doesn't mean that it can't it just means that it has not.

[00:30:12] These kind of like recruitment marketing platforms feel the same to me like

[00:30:16] they should totally work people are on Instagram all day people are on social media all day to

[00:30:22] put the puzzle pieces together and say like maybe my maybe my opportunity should be on

[00:30:25] these platforms isn't a real long bridge to cross but for whatever reason these platforms have a hard

[00:30:31] time sort of catching when and my guess is you're putting a lot of extra features on in the hopes

[00:30:38] that that's going to hook that's going to be the hook that gets people in that makes everything

[00:30:42] else makes sense. The challenge with that is you create complexities around it that make it

[00:30:47] harder to understand what the product is and how this works I mean Chad and I've been around

[00:30:52] for 25 years we've interviewed over a hundred startups for Firing Squad and after 25 minutes

[00:30:58] I'm not sure that either one of us could be a salesperson for your product so if it's hard for

[00:31:03] us to challenge for us to sort of get it imagine the person that just got in the seat of TA and

[00:31:08] trying to understand this so I feel like you need either like a full service component where

[00:31:13] you're almost an agency and then you have these solutions that sort of power what the

[00:31:18] agency does of course then you get into like issues with okay you're only selling your own

[00:31:23] product so you can't go so you're sort of in this no man's land in short the idea makes sense now

[00:31:28] after five years going on six you know I'd like to see more than 700,000 raised I'd like to see

[00:31:34] more than you know 10 15 people employed I'd like to see more salespeople I'd like to see more

[00:31:40] logos on the site your integrations are kind of weird you've got some weird integrations

[00:31:45] into some different sites that we don't normally have on startup so for me like there's a mountain

[00:31:51] to climb here but I'm willing to give you the benefit of the doubt that you can make it up that

[00:31:57] hill whether it's that one product that pulls everything together that one sales pitch I don't

[00:32:02] know what that is but I think it's a good idea it's just a tough market a tough audience

[00:32:08] a tough consumer but I'm going to give you the benefit of the doubt with a golf clap

[00:32:14] saying that you're not there but I'm not ready to bury you yet but I'm leaning on the guns

[00:32:20] Sam so figure it out figure it out sooner rather than later for me okay I got you

[00:32:27] all right Chad all right I gotta say the timing is great but then it's not great for a couple

[00:32:34] of different reasons first and foremost automation is definitely big there's no question right but

[00:32:38] now everybody has access to it so everybody's coming after you much faster unless you start to

[00:32:45] really dig that deep moat understanding that I think Joel forgot candidate ID caught some wind

[00:32:53] and they were acquired by Isams there's opportunity that's out there and raising more money doesn't

[00:32:59] equal success we've seen that in the space right so I like where you're at from that

[00:33:05] standpoint one thing I don't like is you thinking indeed your competition they're not velocity is

[00:33:12] probably your biggest enemy right now just because everybody's out there they do have a lot of cash

[00:33:18] the indeeds of the world but the beautiful part about that is this would augment their platform

[00:33:24] this would augment a recruitment ad agency this would provide a market differentiator

[00:33:30] to them right that's where I think you have a lot a lot of work to focus on your story as Joel had

[00:33:38] said from a sales standpoint but here's what I want you to really focus on tell your automation story

[00:33:44] you have those three products those three products should flow together seamlessly in a story

[00:33:51] in a two-minute pitch or less right 30% that's going to be nice because you've got some good

[00:33:58] padding to some extent and you can work very closely with recruitment ad agencies where you can

[00:34:03] actually hopefully get penetration into their portfolio because they it's their job to take the

[00:34:09] newest latest greatest best tech to their clients we're talking Fortune 500 Fortune 10 clients right

[00:34:17] that's who you want to be I think you've got a great opportunity if you focus and you really

[00:34:23] focus on partnership in the prospect of white labeling which means I'm going to give you a

[00:34:27] golf clap you're getting there I'm not leaning on the gun all right Sam a little a little bloody

[00:34:33] a little a little black and blue but you've made it out alive how do you feel my friend

[00:34:39] good it's it's uh it's been another think we have enough time to go into this story as well

[00:34:44] but we've really evolved as a brand like we've only been in recruitment marketing for

[00:34:49] two and a half of the five years that that we've existed oh Sam the pitch is over dude

[00:34:56] tell us how you feel let us know where we can find out more about boost point and we'll call it a day

[00:35:01] I got you I got you um I feel I feel good like we've got a lot of traction going on this year

[00:35:07] I really appreciate your feedback on like partnerships and stuff like that we were at

[00:35:10] HR Tech class October that launched a number of strategic partnerships that we didn't have

[00:35:15] previously it wasn't a part of like our growth initiatives at that point just because we

[00:35:18] didn't have the relationship so I definitely heard that and I appreciate that um yeah if anyone's

[00:35:23] interested in what we do finding out more you can go to boostpoint.com thank you Sam Chad that is

[00:35:28] another one in the can we out we out this has been the firing squad be sure to subscribe

[00:35:35] to the Chad and G podcast so you don't miss an episode and if you're a startup who wants to

[00:35:40] face the firing squad contact the boys at Chad cheese.com today that's www.chadchese.com

[00:36:02] how much do you understand the future of finance I'm Jim Roos a top 10 banking influencer and host

[00:36:09] of the podcast banking transform where we dive deeply into the rapidly evolving world of banking

[00:36:15] and financial technology join me as I interview industry experts thought leaders and innovators

[00:36:21] as they unravel the latest banking trends disruptions and game changing technologies

[00:36:27] reshaping the world of finance redefine your understanding the banking ecosystem subscribe

[00:36:34] now to bank and transform available wherever you get your podcast and now available on youtube