Heroes Jobs was recently acquired after realizing that its company better not be alone
not all startups Built for billion-dollar exits—or to grow into a stand-alone company.
The presence of easy-flowing subsequent funding raised the prospect of rapid funding in a few years to 2022. This does not mean that all these companies are bad by any means! Many of them have customers, which proves they’re building something people want; Some businesses are also likely to have meaningful revenue.
On the other hand, some of them will realize that without an abundance of venture funding, their business model will not be successful on its own, and they will have to come up with a new plan. One of those heroes was Jobs.
The San Francisco-based startup launched in 2018 to build a LinkedIn for Gen Z: a more informal way for companies and potential employees to access video and create a TikTok-like platform. The company just announced that it has been acquired for an undisclosed amount by JobGet, an one-hour job marketplace startup that has raised over $50 million in venture funding.
Cyriac Lefort, co-founder and CEO of Heroes Jobs, said that despite the company having a signed term sheet for Series A, it no longer makes sense to continue to seek venture funding as an independent company.