In a recent BusinessWeek article that covers "America's Most Promising Startups," OneWire is featured as a promising start up in the realm of Online Recruiting for Wall Street.
America's Most Promising Startups
Profiling Startups Around the U.S.
Welcome to America's Most Promising Startups, an ongoing series profiling new
companies from across the country that embody the creativity and resilience
common among today's entrepreneurs. Based on suggestions from our readers and
staffers, we'll be adding more profiles on a regular basis, so check back often.
Our goal is to showcase promising companies before they become household
If you have a suggestion of a new company worth profiling, use
form to jot down its name, Web site, contact information, and a sentence or
two describing what sets it apart. We'll follow up on your best suggestions.
Flip through this slide show for a look at all the profiles.
Online Recruiting for Wall Street
After five years working as an executive recruiter in the finance
industry, Skiddy von Stade started his own shop in 1995, landing clients like
Lehman Brothers, Greenhill
& Co., and Perry
Capital. Then the Internet beckoned. Convinced by the success of Monster (MWW) and CareerBuilder
that he could build a specialized site that made the recruiting process faster
and cheaper for financiers, von Stade founded OneWire
in New York in 2007, raising more than $15 million from finance executives. (He
shut down his brick-and-mortar business in 2008.) He envisioned a site that
would collect detailed, searchable information about candidates' backgrounds,
rather than just upload résumés. Since launching last June and deploying a sales
team in November, the site has signed some 100 client companies and amassed
50,000 prospective-employee profiles. Users applying for jobs answer customized
questions based on employment history. Employers have unlimited access to these
profiles, or "fingerprints" as von Stade calls them, for $15,000 per year. Von
Stade, 48, says industry woes have meant an increase in demand for affordable
recruiting services and expects his 52-employee company to pull in more than $3
million in revenue in 2010 and be profitable by 2011, with $10 million in