A Modern Staffing Agency with Aaron Michel

It’s still very expensive and difficult to find high-quality talent. Listen to Aaron Michel describe a business idea that improves training and staffing of skilled workers.

Nuggets:

  • Stalwart staffing companies are doing ~$25 billion in revenue annually
  • VCs are looking for great teams moving really fast toward the critical assumptions of their business
  • Great two-person teams are often formed from one person with industry experience and the other with technical know-how
  • If you’re a nontechnical founder, one of the hardest parts of starting a company is finding a phenomenal technical cofounder and get them to leave their terrific job to come work on your idea
  • Build a product that gives users a much better experience than 

Action Steps:

  1. Estimate Customer Acquisition Cost (CAC) for both sides of the marketplace
  2. Brainstorm/research what customers will want, what their engagement would look like, and estimated churn
Follow through on these action steps and email us your results at update@runwithit.fm. You'll get exclusive access to a private Facebook group of action takers and one listener will earn a free mentorship call with our guest, and potentially, a business partnership.

Links:

Aaron Michel is a partner at 1984 Ventures, a seed stage venture capital firm in San Francisco. He was selected earlier this year as one of venture capital's 40 under 40 by Venture Capital Journal. He's a Harvard Business School and Harvard Kennedy School alum and sold his last company, PathSource, in 2017.

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Run With It by Chris Justin and Eathan Janney is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.