How Jobcase is building a $1 billion social network for blue-collar employees
asha Contreras despaired when she had to quit her $12-an-hour Xerox customer service job and uproot her life in Yelm, Washington. Her husband was starting work as a chef at a casino in rural Mississippi in February 2016. A year later she discovered he was having an affair after 17 years of marriage. Unemployed and alone, she spent every waking moment searching Google for jobs. Then she stumbled on“That site literally changed my life,” says Contreras, 55.
Goff has raised $118.5 million at a valuation for Jobcase that Pitchbook has at $445 million. Revenue, which Goff pegs at $100 million over the past year, comes from 2,000 companies including Amazon, Pizza Hut and FedEx. They pay from $199 for a single job posting to as much as $5,000 for a hiring event organized by Jobcase.
Goff, 52, relates to the challenges his members face. His father, a former marine, worked as a transmission repairman at a Chrysler plant in Toledo, before becoming a life insurance salesman. Goff earned a master’s at Carnegie Mellon, but he graduated into the 1990 recession and spent four months washing dishes in Toledo. He worked a stint as an options trader in New York before earning a second master’s, in technology management, at MIT.
How many members find work through the site? Of the 31 interviewed for this story , only 2 landed jobs through Jobcase. But all said they liked the community. “It’s been a really good forum to rant,” says Rhonda Yates, 51, a member who found work through another site as a production scheduler at a packaging supplier in Lexington, Kentucky.
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