Archive for category Doostang Press

Doostang Press – Doostang lands $1.25M

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Job network Doostang hangs tough with the competition, lands $1.25M

Read the full article on VentureBeat

Part LinkedIn, part CareerBuilder, job site Doostang claims that its network includes 25 percent of recent graduates from the country’s top 30 universities. And now the Palo Alto, Calif., company has raised $1.25 million of an expected $2.1 million round of equity to expand even more, according to a filing with the SEC.

Doostang, which now claims 600,000 users, distinguishes itself from competitors as a career network for elite job candidates. Not only does it place emphasis on attracting members from top colleges and business schools, it also culls prestigious listings for them to choose from. For this reason, it offers several premium membership options that grant access to even better listings and high-profile connections to enable power networking.

But it’s not alone in trying to appeal to this niche, elite audience. TheLadders, a job site for people searching for six-figure salaries and up, has seen a lot of success. It raised $7.25 million from Matrix Partners to start back in 2004 and has grown to 1.8 million members, not to mention 35,000 recruiters.

Doostang justifies its smaller user base by saying it’s even more selective. Just two years ago, it was an invite-only service. Since then, it’s opened to the general public. But the company still faces one challenge we brought up in a previous VentureBeat article: that the most elite job seekers probably won’t have much trouble finding appropriate positions through their own personal networks. The site has managed to double in size since then — but many of its members probably belong to multiple job networks.

Shasta Ventures provided the recent round of funding, bringing Doostang’s total capital raised to $5.25 million since its founding in 2005.

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See What the Employers are Saying about Doostang…

The employers are raving about the quality of candidates they find on Doostang – see for yourself:

“After posting on Doostang, there was no other reason to list anywhere else. Doostang had all of the qualified candidates that we could ever hope for.”

- Michael, Principal, Panorama Capital

Doostang has become an invaluable source for BizOps-caliber candidates. Our hit rate from our www.google.com/jobs is ~1 hire out of every 1,000+ resumes submitted, whereas we’ve already hired someone from Doostang on a base of ~20 resumes. We recently hired a new Associate, who we sourced from Doostang. She’s a superstar who we likely wouldn’t have found without Doostang’s high-quality network.”

- Parker, Business Operations, Google

“We found Doostang highly effective. We received high quality resumes and were not hassled with being inundated by non-qualified individuals. We ended up hiring an Associate who we found through Doostang who was an Ivy League undergrad and MBA graduate, worked at a top 3 management consulting firm and had highly relevant operating experience.”

- Alex, Principal, Spark Capital

Doostang is where we go when we want the best candidates.”

- Kim, Senior Manager, Worldwide Recruitment and Executive Search, Time

Are you one of these top candidates the employers are raving about? If you’re not on Doostang but feel you’re qualified to be, join our world-class community of more than 6000 exceptional job seekers today.

Happy Job Searching!

The Doostang Team

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Getting into Stanford Graduate School of Business – What All Prospective MBA Students Need to Know

Considering Business School? Then surely Stanford Graduate School of Business has entered your mind. But do you know what it takes?

Watch this MBA Podcaster report about getting into Stanford GSB and see what Mareza Larizadeh, founder of Doostang has to say:

A journey to the Silicon Valley to Stanford GSB

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Doostang Talks Money – MBA Salaries in the Current Economic Climate: Investment Banking and Private Equity

Curious about the payoff for Finance careers? Mareza Larizadeh, Founder of Doostang, recently sat down with MBA Podcaster to discuss recent MBA salary trends.

Listen to the full interview here:

MBA Salaries in the Current Economic Climate – MBA Podcaster

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Doostang Press: 85 Broads Send Their Love to Mareza

Some kind words from Janet Hanson, CEO and founder of 85 Broads, about Doostang founder Mareza Larizadeh on today’s 85 Broads blog:

JanetHansonPic

Mareza Larizadeh — Superstar Founder of Doostang

Here’s why I’m so lucky to know so many superstar young women through 85 Broads. In 2005, Stacey Borden interned with us in Greenwich. She was the President of Harvard Undergraduate Women in Business (HUWIB) and her energy and enthusiasm were absolutely off the charts.

Stacey just completed her first year at Harvard Business School and is working on launching ChickRx, a fantastic new site with great medical info and content for savvy young women.

When I wanted to reach out to the top folks at Doostang, I emailed Stacey who I remembered knew some of the guys who had founded the company. Stacey connected me to one of her Harvard friends who connected me to Mareza.

Every so often you meet someone who is an absolute visionary. Mareza is that and then some. He is also, without doubt, one of the nicest guys on the planet! I hope his mother is reading this as I know she would agree with me!

Given that he’s both a Stanford U. and a Stanford GSB grad and lives in the Valley, he could have been… well… completely full of himself. The fact that he isn’t but could be is what makes him one of the coolest guys on the planet.

We are really enjoying figuring out all the cool ways Doostang and 85 Broads can partner together. STAY TUNED!

Just another example at how networking can be such an influential tool throughout your career! That’s what we’re all about here at Doostang – opening up opportunities by creating connections.

Doostang announced its partnership with internationally recognized women’s network 85 Broads earlier this summer. The collaboration has granted 85 Broads members access to jobs that are specifically targeted to high-achieving graduates of leading academic institutions. Thanks to Janet Hanson and her team at 85 Broads for helping to make this partnership so successful!

The Doostang Team

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Doostang Press Jul 28: Doostang in BusinessWeek!

BusinessWeek just published an excellent article about how Doostang gives students the inside edge! Check out the article here to read about how the top MBAs are finding jobs through Doostang!

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Doostang News July 13: Doostang Partners with Teach For America

We are proud of the excellent relationships which we have built with great companies such as Goldman Sachs over the years, helping them recruit great talent like you. Some positions recently posted by great companies on Doostang include:

 

Investment Banking Analyst, New York, NY
Private Equity Associate, El Segundo, CA
Jr. Hedge Fund Research Associate, New York, NY
Equity Research Analyst, Chicago, IL
Venture Capital Associate, Cambridge, MA

When Teach For America reached out to us to learn more about how they could use Doostang to recruit for leadership roles within their organization, we were happy that such a highly-regarded nonprofit was interested in using Doostang as well. We recently had the opportunity to touch base with Spencer Kympton, Vice President of Recruitment at Teach For America. Spencer joined Teach For America from McKinsey and Company last year and started his career in the U.S. Army. Take it away Spencer…..



1) What made you choose West Point/the U.S. Army for college? What is your most fond memory of your time in the U.S. Army?

My father went to West Point, I lived there as a child, and I was familiar with all of the positive aspects of the West Point experience. I have also always had a patriotic bent and wanted to be an officer in the U.S. Army, so it was a natural choice.

I have many great memories of the Army but the one that really stands out was an assignment in Honduras. Our mission was largely humanitarian assistance and disaster relief, with a focus on helping the community and the region. I saw how great the impact of a few individuals could be; it was during this assignment that I opened my eyes to the possibilities of a career focused on social impact.

2) Why did you decide to leave the U.S. Army for business school? Why Harvard Business School?

My reasons for leaving the Army were two-fold. First, I felt that I had served my country well in the military, and it was time to pursue other career goals and interests outside of the service. Secondly, I hoped someday to start a family, an aspiration that is often challenging while in the military.

Harvard Business School was the obvious choice; it provided me with a ‘Swiss Army Knife’ for my career! It is a renowned business school, and one that is also very military-friendly. The institution, the professors, and the students seem to value the experience and leadership that former military students can bring to the classroom. I also wanted to learn from and with a very diverse group of impressive people; the large class size [900 students per year] made this possible, while the smaller section sizes [90 students per section] enabled me to get to know many of my classmates very well.

3) What did you gain while working as a consultant at McKinsey & Company? Was this very different than your earlier military career?

I guess you could call McKinsey the second ‘Swiss Army Knife’ of my career outside of the military! At McKinsey, I refined the tools and skills I picked up in business school, and applied them to a variety of business problems across the private and public sectors. It was very inspiring to work with extremely smart and dedicated people on a day-to-day basis.

The biggest difference between McKinsey and the US Army was the level of client interaction and relationship-building involved in consulting engagements. ‘Taking the hill’ with the client often required much more personal interaction and buy-in than required in the Army.

Manager, Performance Management, Teach For America, New York, NY
Executive Director, Teach For America, Houston, TX
Associate, New Site Development, Teach For America, New York, NY
Director, Learning and Development, Teach For America, SF, CA
Director, Planning & Analysis, Teach For America, New York, NY
Managing Director, Development, Mid-Atlantic Region, Philadelphia, PA

4) Most of my friends who leave consulting generally join companies in an operating role. What made you make the switch to Teach For America?

Actually, my position as vice president of recruitment at Teach for America is very much an operating role, albeit a non-traditional one. I oversee roughly 70 people, who are all charged with growing the organization and contributing to our mission by recruiting talented corps members from undergraduate, graduate, and professional institutions all over the country.

The most rewarding aspect of this position is that it combines what I enjoy about the operating side of organizations, with a desire to work in an organization committed to social impact. I am continuously learning at Teach For America, picking up new and valuable management and operating skills, while also engaging in the critical fight to eliminate educational inequity.

What’s important to understand for any Doostang member who is looking to make the leap to nonprofit is that it doesn’t mean that you have to check your knowledge of operating fundamentals and business principles at the door. There is plenty of opportunity to apply what you know while still learning and growing as a manager and a leader. Teach For America is a great example…it is a fast-paced, high-impact, outcomes-oriented organization, with an incredibly important mission.

5) What does a Day in life of Spencer Kympton look like at Teach For America?

Well, I woke up early today to feed my son!

Generally, I tend to be in the office at 8am. Since my direct reports and our senior management team are spread out across the country, I am on conference calls for much of the day. Managing operations from afar, which is what I do at Teach For America, is very different than being on-site every day, which is what I did at McKinsey and in the Army.

I usually leave the office at around 6pm and spend a couple of hours with my son and wife before he heads to bed at 8pm. I spend an hour or so on e-mails in the late evening, getting ready for the next business day, and head to bed shortly after that.

6) What skills from your previous experience are you leveraging now in your current role at Teach For America?

I acquired two diverse skill sets in the U.S. Army and at McKinsey & Company. The U.S. Army was primarily about people management and unit management, whereas McKinsey was more about strategically thinking about how businesses run operationally. Both of these skills are extremely important in my current role at Teach For America.

7) You have gone through two huge career changes. Any advice to our members who are looking to change careers?

Before you think about changing a job or your career make sure you have stayed in your current position long enough. Give yourself enough time to take ownership of your role and the impact you are having while in it. Your experience is what you make of it. It’s easy to lose sight of that when your fulfillment and satisfaction in the present are not what you’d hoped.

After four years at McKinsey & Company, I had worked on many fulfilling engagements. One of my last engagements involved helping the Chancellor of the D.C. Public Schools (DCPS) and her transformation team with strategic planning. The experience made me reflect on the commitment to social impact that I’d realized earlier in my career. I also realized that I wanted to have more of a hands-on role, as opposed to a consultative one. Many of the people I worked with at DCPS were Teach For America alumni. These contacts, as well as McKinsey alumni who had worked with or at Teach For America, quickly convinced me of the strength of the organization and it’s mission. They also helped me find my current position. And I’m very happy to be where I am!

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Teach For America is the national corps of outstanding college graduates and professionals who commit two years to teach in public schools in the nation’s lowest-income communities and become lifelong leaders in expanding educational opportunity.

We seek talented individuals of all backgrounds, with a strong record of achievement in their professional areas, to join our staff and play a critical role in enabling us to reach our ambitious goals. Visit our website to learn more.

——

Team Doostang

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Doostang Partners With 85 Broads

Doostang is delighted to announce today a new collaboration with 85 Broads, the internationally respected network of high-achieving women founded by Janet Hanson, the first woman in Goldman Sachs’ history to be promoted to sales management.  Members of 85 Broads will now be able to access Doostang’s Premium Job listings at significantly reduced rates.  

“We are thrilled to be partnering with such a widely respected community of accomplished women, many of whom will no doubt meet the career heights set by Janet Hanson during her 14 years at Goldman Sachs.” said Mareza Larizadeh, Founder of Doostang. 

Doostang has over 30,000 in demand jobs on our website, of which over 7,000 are Premium Jobs – hard to come by positions at leading finance and investment houses, consulting firms, media companies, and technology startups.  Here at Doostang we are excited and confident that this partnership will provide the kind of choice career opportunities consistent with the 85 Broads’ mission.

The Doostang Team

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