Get on Board is raising funds on Republic through a Simple Agreement for Future Equity (SAFE) with a valuation cap of $6 million and a 20% discount. The valuation cap set by Get on Board reflects the company's confidence in its AI-driven platform for humanizing IT hiring, which has already demonstrated significant traction with over 40,000 jobs posted, 2 million applications sent, and a talent community of over 900,000 professionals.

With $800k in yearly recurring revenue and a slight decline in annual revenue growth (-2.70%), Get on Board presents a mixed financial picture. The decline in revenue growth could be a concern; however, the company's substantial user base and the volume of activity on the platform suggest a strong market fit and potential for future growth, especially within the expanding global recruiting software market. The revenue multiple of 5.96x, based on the last fiscal year's revenue of $1.006 million, indicates a valuation in line with industry standards for high-growth potential software companies. In the context of the online private markets, the deal stands out for price, offering a very attractive valuation, especially in relation to traction and revenue. 

For investors, the exit potential for startups like Get on Board typically involves acquisition by larger companies within the HR tech space or other strategic players looking to expand their offerings. Achieving a 10X return would require Get on Board to significantly increase its market share, continue innovating its product offerings, and possibly expand into new markets. Given the company's existing traction and the strategic backing from venture investors such as 500 Global, Fen Ventures, and AVP Ventures, these goals appear within reach.

It's important for investors to consider the company's early stage and the inherent risks involved. The 20% discount on the SAFE provides some cushion against these risks by offering a more favorable conversion rate into equity. However, potential investors should also be mindful of the long-term nature of their investment and the challenges Get on Board may face in scaling its operations and achieving profitability.

The global recruiting software market, poised to grow at a rate of 5.85% and sized at approximately $2.8 billion in 2024, presents an exciting though challenging landscape for players like Get On Board. The meager market growth is primarily fueled by two major trends: the increasing shift towards remote work and the globalization of businesses. These trends highlight the growing need for robust recruitment software to manage remote hiring processes and comply with diverse international labor practices. 

Get on Board operates within this dynamic market by offering an AI-driven platform to humanize IT hiring. This approach addresses the market's demand for efficient recruitment processes and caters to the growing segment of remote IT professionals and companies seeking talent globally. With 40,000 jobs posted, 2 million applications sent, and over 900,000 registered professionals, Get on Board demonstrates significant traction and market acceptance in a competitive landscape.

Despite these growth trends, the competitive arena is indeed crowded. And at just $2.8 billion, there is limited room to grow. The market size alone may limit Get On Board's ability to achieve a 10x return for investors.

Get on Board is led by a diverse and experienced founding team, including CEO Sergio Nouvel, CTO Jorge Rodriguez, and COO Agustina Colunga Richmond. With 17 years of relevant UX experience, Nouvel brings a wealth of knowledge and expertise in the tech and digital product design sectors. His leadership is crucial for steering the company's strategic direction, especially in enhancing the AI-driven platform that humanizes IT hiring. Nouvel's past ventures and managerial skills underscore his capability to navigate the company through its growth phase.

Jorge Rodriguez, who serves as the CTO on a part-time basis, contributes 15.5 years of experience in full-stack development and management. His role is pivotal in overseeing the technical development of Get on Board's platform, ensuring that it remains innovative and effective in matching IT professionals with potential employers. Rodriguez's extensive background in software development and his managerial skills are vital for the company's technological advancements and operational efficiency.

Agustina Colunga Richmond, the COO and a first-time founder, brings over 8 years of UX and marketing experience to the team. Her full-time dedication to Get on Board and her managerial capabilities play a significant role in the company's operational management and execution of its strategic plans. Richmond's experience is particularly relevant as the company seeks to scale its operations and expand its reach within the global recruiting software market.

The founding team's diverse skill set and experience are complemented by their participation in the 500 Global accelerator program, which has likely provided valuable mentorship, networking, and growth opportunities. Additionally, the company's backing by notable VC investors such as 500 Global, Fen Ventures, 500 Startups, and AVP Ventures further validates the team's vision and the potential of Get on Board's platform.

Overall, the Get on Board team's blend of experience, dedication, and diversity positions the company well for success in the competitive business services, software, and applications industry. Their collective expertise in technology, operational management, and industry-specific knowledge is a strong foundation for achieving the company's goals and driving future growth.

The team is small, consisting of just the three founders. In order to scale, the team will need to grow to keep up with demand and round out missing skill sets. 

Get on Board differentiates itself in the crowded global recruiting software market through its AI-driven platform designed for humanizing IT hiring and focusing on the US and Latin America. Unlike broad platforms such as LinkedIn, Indeed, AngelList, and ZipRecruiter, Get on Board focuses on creating a niche within the IT sector, providing tailored services that address the unique challenges of hiring in the industry. This specialization allows the platform to offer more relevant tools and resources for job seekers and employers in the tech field, potentially leading to higher matches between companies and professionals. The impact of these industry giants, however differentiated Get On Board may be, should not be ignored. Competing in this market will be very challenging with such large incumbents. 

That said, with over 40,000 jobs posted and 2 million applications sent via the platform, coupled with a talent community of over 900,000 professionals, Get on Board has demonstrated significant traction. This level of activity not only underscores the platform's effectiveness but also its appeal to both job seekers and employers in the tech industry. The platform's emphasis on AI-powered data services further enhances its offering, enabling more efficient and insightful hiring processes that can adapt to the rapidly evolving needs of the tech sector.

Another key aspect of Get on Board's differentiation strategy is its commitment to contributing to gender and diversity studies. This focus on promoting diversity within the tech industry aligns with broader societal trends and demands for more inclusive workplaces. By positioning itself as a platform that facilitates IT hiring and advocates for and contributes to advancing diversity, Get on Board may appeal to a broader range of companies and professionals who prioritize these values.

Despite the low barriers to entry in the online job marketplace and the presence of established competitors with significantly larger user bases and resources, Get on Board's niche focus, AI-driven approach, and commitment to diversity could provide it with a competitive edge. The platform's ability to offer a more personalized and efficient hiring experience for the tech industry, combined with its social impact initiatives, sets it apart in a market often criticized for impersonal and transactional.

Get on Board has demonstrated significant traction in the competitive landscape of recruiting software, showcasing its capability to connect companies with top tech talent through its AI-driven platform. With over 40,000 jobs posted and 2 million applications sent via the platform, Get on Board has established a substantial presence in the industry. This performance is further underscored by its impressive yearly recurring revenue of $800k, highlighting the platform's value to job seekers and employers.

The platform's over 900,000 registered professionals community indicates a strong market demand for specialized IT hiring solutions. Get on Board's contribution to gender and diversity studies within the tech industry reflects its commitment to creating a more inclusive and equitable hiring landscape. Such initiatives enhance the platform's brand and align with broader industry and societal goals.

Get on Board's partnerships with tech entities such as Deel, BBVA, Google Developers Groups, Le Wagon, and Laboratoria have been instrumental in expanding its reach and strengthening its ecosystem. These collaborations and a prestigious client list, including Uber, Accenture, Walmart, BNP Paribas, NotCo, Platzi, Banco Santander, and Havas Media, validate the platform's effectiveness and appeal to major industry players.

Despite its pre-profit stage, Get on Board has secured $1.43 million from prior funding rounds, showcasing investor confidence in its growth potential. However, with a monthly burn rate of $12,000 and cash on hand of $20,000, the company must carefully manage its financial resources to sustain operations and support future growth initiatives. The company's latest reported annual revenue of $1,006,251, despite a slight decline of 2.70%, suggests a strong foundation for scaling its business model.

Get on Board operates in the highly competitive field of online recruitment, facing direct competition from established giants such as LinkedIn, Indeed, AngelList, and ZipRecruiter. This competitive landscape poses a significant risk, as these competitors have substantial market share, brand recognition, and financial resources that could limit Get on Board's growth opportunities and market penetration.

Another risk factor is the company's financials. Despite achieving an annual revenue of $1,006,251, Get on Board has experienced a slight revenue decline of -2.70% from the previous fiscal year. Additionally, the company reported a net income loss of $505,718 in the most recent fiscal year, indicating challenges in achieving profitability. With a current monthly burn rate of approximately $12,000, managing cash flow remains critical for sustaining operations and pursuing growth strategies.

The company's long-term debt of $1,614,589 as of the most recent fiscal year-end further compounds the financial risk. This level of indebtedness could constrain the company's financial flexibility and its ability to secure additional funding or invest in key areas such as product development, marketing, and expansion.

Lastly, operating as a two-sided marketplace, Get on Board must effectively balance job seekers' and employers' needs and growth. Achieving and maintaining this balance is challenging and requires continuous investment in platform development, user experience, and customer support. Failure to effectively engage either side of the marketplace could hinder user growth and activity, impacting the company's overall success.

Get on Board is uniquely positioned in the rapidly evolving recruiting software market, with its AI-driven platform designed to humanize IT hiring. The compelling combination of technology and personalized talent management sets it apart in a sector that is becoming increasingly competitive. The platform's impressive metrics—40,000 jobs posted, 2 million applications sent, and a community of over 900,000 registered professionals—speak volumes about its growth and market penetration potential.

The company's participation in the 500 Global accelerator program, coupled with backing from venture capital investors such as Fen Ventures, 500 Startups, and AVP Ventures, underscores the robustness of its business model and the confidence these entities have in its future success. Such support provides financial backing and access to valuable networks and resources that can accelerate growth and development.

Moreover, Get on Board's operational metrics reveal a promising trajectory. The platform has already generated over $1 million in annual revenue, a testament to its market fit and the value it delivers to both companies and professionals. While the company is currently pre-profit, its high-margin potential in software services suggests a clear path to profitability as it scales.

Despite a slight revenue decline, the company's valuation of $6 million offers a very attractive entry point for investors in this round. In a landscape where the demand for IT talent continues to outpace supply, Get on Board's AI-powered platform addresses critical pain points for employers and job seekers, making the hiring process more efficient and equitable. As the company continues to innovate and expand its offerings, it is well-positioned to become a leader in transforming how IT professionals are hired, specifically in Latin America, offering a compelling investment opportunity with significant upside potential.

Get on Board operates in the highly competitive and rapidly evolving field of recruiting software, facing stiff competition from well-established players such as LinkedIn, Indeed, AngelList, and ZipRecruiter. While the company has developed an AI-driven platform to humanize IT hiring, it is crucial to scrutinize its position and prospects critically.

Firstly, the financial health of Get on Board presents immediate concerns. The company's runway is alarmingly short, with a recent cash on hand reported at a mere $20,000 and a monthly burn rate of $12,000. This precarious financial situation is compounded by the company's pre-profit status and a reported annual revenue decline of -2.70%. In the face of intense competition, such a revenue trajectory suggests that Get on Board might struggle to capture sufficient market share or achieve profitability in the near term.

Get on Board is carving out a niche in the recruitment software market with its AI-driven platform to humanize IT hiring. Founded by Sergio Nouvel, Jorge Rodriguez, and Agustina Colunga Richmond, the company has quickly established itself as a key player, boasting over 40,000 job postings and 2 million applications sent through its platform. With a community of over 900,000 professionals, Get on Board is not just a recruitment platform but a comprehensive ecosystem for talent growth and professional development.

Get on Board's AI-powered data services for IT in the US and Latin America offer a niche product in a market that includes heavyweights like LinkedIn, Indeed, AngelList, and ZipRecruiter. Despite this stiff competition, Get on Board has managed to secure major customers such as Uber, Accenture, Walmart, and Banco Santander, demonstrating the platform's value and market fit.

Financially, Get on Board has shown promise with $800k in yearly recurring revenue and a total of $1,434,000 raised in prior funding rounds. However, the company is currently in a pre-profit phase with a net income loss of $505,718 in the most recent fiscal year end, reflecting the high costs associated with scaling a technology platform in a competitive market. The current fundraising campaign on Republic, with a valuation cap of $6 million, aims to fuel further growth through new product marketing, research and development, and other operational needs.

Get on Board's strategic partnerships with organizations like Deel, BBVA, and Google Developers Groups, among others, underscore its commitment to not only expanding its platform but also contributing to broader industry initiatives, including gender and diversity studies. This holistic approach to growth and community engagement is a key differentiator in the recruitment software.

In summary, Get on Board presents an intriguing investment opportunity within the recruitment software industry. Its focus on AI-driven solutions, a strong community of professionals, and a solid customer base position it well for future growth. However, investors should consider the challenges of scaling in a competitive market and the company's current financial status. With strategic investments in product development and market expansion, Get on Board has the potential to cement its position in the industry further and achieve sustainable profitability.