48 Hours and $300M+ Later
I remember going to see the classic 1982 movie, “48 Hours” with wise cracking con man Eddie Murphy and a cantankerous police detective Nick Nolte forming an unlikely bond to catch the bad guys.
The movie kicked off a series of cop buddy movies like “Lethal Weapon” and “Rush Hour” that paired odd couple tandems and showcased a passing of the guard in police investigation from old school methodologies to new school street smarts in order to solve the crime.
Well over the past 48 hours, two employment industry companies, with very different approaches to recruitment have raised over $300M in financing.
- Traditional full-time job recruitment company, ZipRecruiter, raised $150M+ in private financing with a $1B valuation.
- Not to be outdone, freelance platform company, UpWork, rang the bell on Wall Street, raising over $180M to the tune of a $2.2B market cap.
The $160B recruitment landscape is going through a metamorphosis as antiquated staffing models, heavy in overhead and slow to react to disruptive technologies are giving way to a new age of digital platforms. These two events showcase the robust appetite investors have to invest in disruptive technologies and sets the stage for what we have planned here at Moonlighting.
We are built perfectly to draft off the tailwinds of the gig economy and freelancing, and are ideally positioned to be one of the early winners in blockchain. As the Gen Z and Millennial generations continue to indulge their insatiable appetites for social media through their mobile devices, Moonlighting will continue to capitalize on the seismic shift from outdated staffing companies to peer-to-peer business models that eliminate and dis-intermediate unnecessary middlemen.
Please check out this video interview I conducted in San Francisco with leading blockchain news outlet Smarterum, where I share our vision and plans to leverage this ground breaking technology to disrupt the $1T freelance marketplace.
Read the article here: https://smartereum.com/34155/g...
Watch the interview:
Thank you for your interest and support,
Jeff