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June 28, 2012 05:16 pm GMT
Finding potential job candidates through existing employees and their networks is probably as old as the labor market itself, but in the age of social networking, the process can be made much more efficient. Add in a little gamification and other incentives, and things get really interesting.To that end, social recruiting startup, Zao, has raised its first funding round: $1.3 million led by Oren Zeev, Founding Partner at Orens Capital and former General Partner at Apax Partners. Zeev, who will take a seat on Zao's Board, was also one of the original investors in Audible, which exited to Amazon for $300m. Other notable investments include Infolinks, Duda Mobile, and Houzz.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/iqxwBQG_D9Y/
Youre Funded! Zao Raises $1.3M For Its Social Recruitment Platform
Finding potential job candidates through existing employees and their networks is probably as old as the labor market itself, but in the age of social networking, the process can be made much more efficient. Add in a little gamification and other incentives, and things get really interesting.To that end, social recruiting startup, Zao, has raised its first funding round: $1.3 million led by Oren Zeev, Founding Partner at Orens Capital and former General Partner at Apax Partners. Zeev, who will take a seat on Zao's Board, was also one of the original investors in Audible, which exited to Amazon for $300m. Other notable investments include Infolinks, Duda Mobile, and Houzz.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/iqxwBQG_D9Y/
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