We talk about it all, from OpenAI hitting 11 million paid subscribers to Amazon's controversial return-to-office mandate. We explore how AI-assisted recruiting is empowering small businesses, discuss Boeing's executive furloughs amid strikes, and question whether meetings are killing productivity.
In this episode we look at HR Tech, OpenAI, Return to Office, AI Recruiting, Employee Engagement, Cybersecurity, and the Future of Work.
Key Takeaways:
- OpenAI's explosive growth signifies a pivotal shift in HR Tech and AI integration.
- Amazon's return-to-office policies may backfire, leading to employee turnover.
- AI Recruiting tools are leveling the playing field for small businesses in talent acquisition.
- Boeing's executive furloughs highlight challenges in workforce management during strikes.
- Excessive meetings are detrimental to productivity and employee engagement.
- Investing in cybersecurity is crucial amid evolving HR Technology landscapes.
Chapters
00:00 Introduction and Light Banter
06:59 Upcoming Events and Networking Opportunities
09:58 Return to Office Policies and Employee Sentiment
12:01 OpenAI's Subscriber Growth and Market Impact
14:03 Boeing's Executive Furloughs Amid Strikes
15:57 William's Story: Creative Solutions in Retail
18:59 New York City's Employer Wall of Shame
21:00 Mr. Beast's HR Manifesto
25:03 Dan Finnegan's Appointment at Emborder
27:10 Acquisitions in the Labor Analytics Space
31:00 Salesforce's AI Personas Research
32:59 Meeting Overload and Employee Burnout
36:54 iSoft's Champions of Change Report
39:04 Best States for Teachers
41:01 Funding News: Safety Culture and Cyber Protection
42:59 HR One's Pre-Series B Funding
45:05 Mercor's AI Hiring Solutions
49:01 Sensia's Partnership with Workday
51:58 Black Cloak's Cyber Protection for Executives
54:04 Become Dot One's Employee Benefits Initiative
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[00:00:00] [SPEAKER_02]: What's going on everybody Ryan Leary from WRKdefined
[00:00:03] [SPEAKER_02]: Before we kick off today's episode I want to let you know about one of our newest partners,
[00:00:08] [SPEAKER_02]: DEAL. DEAL has helped over 35,000 businesses simplify global hiring, onboarding, payroll and
[00:00:16] [SPEAKER_02]: compliance. Visit DEAL.com to learn more that's D E E L dot com
[00:00:24] [SPEAKER_02]: Oh my goodness, bad touching, harassment, sex, violence, fraud, threats, all things that could
[00:00:34] [SPEAKER_02]: have been avoided. If you had FAMA, stop hiring dangerous people. FAMA dot I O
[00:00:55] [SPEAKER_02]: What is going on everybody Ryan Leary, William Tink up here with the BARF. This is the
[00:01:01] [SPEAKER_02]: look back at the week that was so you could be prepared for the week that is. Mr. William,
[00:01:06] [SPEAKER_01]: it's another Sunday. How are you my man? Brother I'm doing well, wife's out of town,
[00:01:11] [SPEAKER_01]: having a lot of fun with my son and all good stuff man. Good to be here. Can't complain. We have
[00:01:18] [SPEAKER_02]: a busy week about to happen in about 24 hours from me. I think you head out a little later.
[00:01:23] [SPEAKER_01]: To HR tech. So if you're there, please come say hello to us. We'll be at booth 4926.
[00:01:32] [SPEAKER_02]: Yep. FAMA's booth 4926. We are taking over their podcast, which is awesome.
[00:01:40] [SPEAKER_02]: Nine to five nightmares. So come by, jump on the podcast and we're going to talk about some
[00:01:45] [SPEAKER_01]: horrible scary nightmares. People behaving badly is how I like to think about it is like
[00:01:51] [SPEAKER_01]: we've all got the stories is you know this one person that did this thing like you know we've
[00:01:57] [SPEAKER_01]: heard those stories from our parents or friends. Like that's what's going to be really interesting
[00:02:03] [SPEAKER_01]: to unpack is the stories and potentially how do you solve for that? So you don't have that in
[00:02:09] [SPEAKER_02]: your workplace. How many people are going to be truthful and not say a friend of mine? Oh 100%.
[00:02:16] [SPEAKER_01]: I'll probably be honest, but I'm not going to. I mean just because I've got a bunch of crazy stories
[00:02:22] [SPEAKER_02]: that I don't care. But you don't need to walk into a courtroom office on Monday.
[00:02:28] [SPEAKER_02]: That is correct. That is correct. So anyway it's going to be fun. I'm totally looking forward
[00:02:33] [SPEAKER_02]: to this. A lot of good things happening out there and then from there we'll be at
[00:02:37] [SPEAKER_02]: Indeed Futureworks. So it'll be a so what you did there? It'll be a nice week of travel
[00:02:45] [SPEAKER_02]: and then we are off to a special retreat. That's right. The local retreat. Now that we get everybody
[00:02:50] [SPEAKER_02]: our travel itinerary, I feel like they're going to come take my house from me. As they should.
[00:02:58] [SPEAKER_02]: As they should. The kids will be here. The wife will be here. So hey listen,
[00:03:02] [SPEAKER_01]: do you want to take over the wife and kids? Godspeed. Godspeed little baneu. All right,
[00:03:08] [SPEAKER_01]: kick us off today. What do we got? Let me pitch you a story here
[00:03:12] [SPEAKER_01]: and it's not something that you haven't necessarily heard.
[00:03:15] [SPEAKER_01]: And Amazon wants staff back in the office five days a week. Nice. And the article goes on to say
[00:03:26] [SPEAKER_01]: your boss isn't likely to follow suit. Like your boss isn't coming in for five days a week? Correct.
[00:03:34] [SPEAKER_01]: They still have a flex schedule. Nice. So they should. It's hard work. It's hard work.
[00:03:39] [SPEAKER_01]: Well, I mean, let's be honest. So what's what drew me to this article is on marketwatch.com.
[00:03:45] [SPEAKER_01]: So you can look it up there is is just the juxtaposition. They actually kind of state it this
[00:03:51] [SPEAKER_01]: way. It's like they want you in the office. They don't necessarily want themselves in the office.
[00:03:56] [SPEAKER_01]: They can come in and pop in and do flex work or three days a week or whatever the bid is but
[00:04:01] [SPEAKER_01]: you worker bee, you've got to go in. So I think on some level when I read it, I'm thinking is this
[00:04:09] [SPEAKER_01]: just a bid to get people to quit? Like is this just a we're going to do RTO because a lot of
[00:04:16] [SPEAKER_01]: people hate it and so thus they'll just quit and you know. So we'll see but you know I think
[00:04:23] [SPEAKER_01]: it's I think I think Amazon is going to have a pushback on this because it's Seattle
[00:04:28] [SPEAKER_01]: and by and large. I mean it's all over the world but their headquarters is in Seattle and I think
[00:04:33] [SPEAKER_01]: I think it's actually going to hurt them with retention and recruiting and ultimately is going
[00:04:39] [SPEAKER_01]: to have a hard time hiring people and I think you know RTO without equality again if everyone's
[00:04:47] [SPEAKER_01]: in the office, CEOs in the office, everybody's in the office, receptionists, everybody's in the
[00:04:52] [SPEAKER_03]: office. Okay, I don't necessarily. Why not the boss? What's the reason behind this?
[00:04:58] [SPEAKER_03]: Because they like because they like working for both. Yeah, so do I. Good luck.
[00:05:07] [SPEAKER_02]: All right, OpenAI, this is actually pretty significant. So OpenAI hits 11 million
[00:05:16] [SPEAKER_02]: paid subscribers. That's a lot of paid subscribers. So this raises their evaluation to a whopping $150
[00:05:26] [SPEAKER_02]: billion. Now I will admit I am a paid user, right? Yes, you are. You're not paying me for the story
[00:05:33] [SPEAKER_02]: but I wish they were. But I am a paid user and it's significantly better than the unpaid
[00:05:38] [SPEAKER_02]: version. But anyhow, so here's the breakdown of paying subscribers. So GPT plus 7.7 million users
[00:05:52] [SPEAKER_02]: at $20 per month. Enterprise has 1.2 that's at $50 a month and Teams has $980,000 at 25 per month.
[00:06:03] [SPEAKER_01]: All of those numbers are going to go up. Oh, God, Enterprise at 1.2 right now.
[00:06:10] [SPEAKER_02]: We're a blink and that's going to be 10 million. Oh, absolutely. Yeah. So I mean, hey, they're
[00:06:17] [SPEAKER_02]: crushing it and they should, right? And then they are the driving force and all of this.
[00:06:21] [SPEAKER_02]: Okay. We should probably consider it. I mean, I'm paying for you. Might as well just get
[00:06:23] [SPEAKER_02]: Teams and you can join me. But you might mess up my. I use the free version and I'm
[00:06:30] [SPEAKER_01]: totally comfortable with it. I know that at one point I'm going to move to the paid version.
[00:06:36] [SPEAKER_02]: I'm going to try Jim and I. Let me know when you do. I'll add you to my team. Okay. But you
[00:06:41] [SPEAKER_02]: have to promise not to mess up my voice because I'm working hard on this. I think you have separate
[00:06:46] [SPEAKER_01]: accounts. Maybe. Yeah, I would hope so. We'll see. All right. Boeing furlough's executives
[00:06:55] [SPEAKER_01]: amid ongoing strike with 33,000 union workers. Found this on KITV.com. So Boeing, God love them,
[00:07:08] [SPEAKER_02]: is Timberl- In my head I literally just heard crashing sound effects. But I was just like,
[00:07:14] [SPEAKER_01]: yeah, we shouldn't put that in there. They can't catch a break. This poor company.
[00:07:19] [SPEAKER_01]: Anyhow, it's their temporary furloughing. So why I was drawn to this particular story
[00:07:24] [SPEAKER_01]: is it wasn't just about striking workers. They're striking workers. They rejected a deal.
[00:07:29] [SPEAKER_01]: They've been and they're back at the table. Right. So they're trying to work it out,
[00:07:33] [SPEAKER_01]: which is great. But to mitigate some of the costs while this is happening,
[00:07:40] [SPEAKER_01]: they furloughed executives, which you rarely hear about. You hear you hear about the
[00:07:45] [SPEAKER_01]: striking workers. It's all about the workers. You don't hear about what they have to do.
[00:07:50] [SPEAKER_01]: The company has to do to mitigate the cost of that. So I hope they get back to the, no,
[00:07:56] [SPEAKER_01]: I hope they are back at the table. I hope they get a deal done. I hope they can get kind of
[00:08:01] [SPEAKER_01]: get back to work and if any executives can get back in. But it seems Boeing just can't
[00:08:08] [SPEAKER_02]: catch a break. Yeah. So something we'll give. I mean, these guys are too big to fall, right?
[00:08:13] [SPEAKER_02]: Like this is one of those situations where that would be a massive hit to everybody.
[00:08:19] [SPEAKER_02]: Everybody, not just in the States, but everywhere. There's only so many people that make big
[00:08:24] [SPEAKER_02]: planes. Exactly. Yeah. So this is not going to be a problem. It will be a cluster,
[00:08:29] [SPEAKER_02]: but it's not going to be an issue. All right. Paycheck introduces an AI-assisted recruiting
[00:08:37] [SPEAKER_02]: feature to help small businesses. So I want to talk about this because
[00:08:41] [SPEAKER_02]: I saw this. This was cool. Yeah, I really like this. One mainly because for two reasons. One,
[00:08:48] [SPEAKER_02]: it's completely focused on ESMBs who are completely underpowered in all things recruiting,
[00:08:55] [SPEAKER_02]: all things hiring, depending on the size, right? Like I'm not talking small business of 500,
[00:09:00] [SPEAKER_02]: like small business. 20 people, whatever. Yeah. They're hurting, right? They're
[00:09:06] [SPEAKER_02]: just they're very underpowered and everything they do. And the second reason is they're
[00:09:10] [SPEAKER_02]: powered by Findem. So they partnered with Findem, which we've done a lot of work with them in the past.
[00:09:16] [SPEAKER_02]: We'll see them this upcoming week. They're solid player in this space. They're the power behind
[00:09:22] [SPEAKER_02]: their recruiting co-pilot. I mean, look, it just gives access to enterprise features that
[00:09:27] [SPEAKER_02]: generally they would not have access to because they just can't afford it. So
[00:09:30] [SPEAKER_02]: I like this play all around. Paycheck was my first appearance.
[00:09:35] [SPEAKER_02]: I want to take a break real quick just to let you know about a new show.
[00:09:39] [SPEAKER_02]: We've just added to the network up next at work, hosted by Gene and Kate A'Keele of the Devin Group.
[00:09:47] [SPEAKER_02]: Fantastic show. If you're looking for something that pushes the norm, pushes the boundaries,
[00:09:53] [SPEAKER_02]: has some really spirited conversations, Google up next at work, Gene and Kate A'Keele from the
[00:10:00] [SPEAKER_01]: Devin Group. That I used as an entrepreneur. They're based in Rochester, New York, upstate
[00:10:09] [SPEAKER_01]: good. So good firm, good for them. We love Findem. Just a good play, good news. So, Ryan,
[00:10:15] [SPEAKER_01]: have I ever told you about a story about when I was out in Midland, Texas, 1988?
[00:10:22] [SPEAKER_02]: Oh man. You used to walk up, did you walk up the hill both ways one mile to school?
[00:10:27] [SPEAKER_01]: Is that where you're going? No, no. So I get out to the store. We had done this at a store that I
[00:10:32] [SPEAKER_01]: was previously at but they were having trouble to store 608 Midland, Texas. They were having trouble
[00:10:39] [SPEAKER_01]: with people passing bad checks. Okay. And it was like a real problem. And so I pitched this idea
[00:10:49] [SPEAKER_01]: to the store manager. I said, listen, I can fix that if you want me to fix that. He goes,
[00:10:54] [SPEAKER_01]: how are you going to fix it? I said, just let me fix it. Like don't ask questions.
[00:11:00] [SPEAKER_01]: Don't ask questions. Just let me do it. And he goes, all right, go. You know, I'm like there
[00:11:05] [SPEAKER_01]: on a job like a week, two weeks. And so what we did is we took the bad check and blew it up
[00:11:14] [SPEAKER_01]: with a like a Blueprints company that they could blow it up and we made them like those
[00:11:19] [SPEAKER_01]: corporate checks. I mean, the golf checks. Nice. Right. And then we put them on the front wall,
[00:11:25] [SPEAKER_01]: on the front wall, where all the registers are. And so you can see the names of people. Midland
[00:11:30] [SPEAKER_01]: is not that big. Everyone knows everyone. So, you know, Janet Rossi right there, $285,
[00:11:38] [SPEAKER_02]: not sufficient funds. It's because of Janet. We're no longer using checks in stores. It is
[00:11:43] [SPEAKER_01]: so great. So people would come in and go, hey, pull that down. I'm like, hey, write a check. No,
[00:11:49] [SPEAKER_01]: write a check. Give us cash. Give us cash. Cash, baby. And all those checks came down. Nice.
[00:11:55] [SPEAKER_01]: Because people would come in, they'd hear about it from friends and blah, blah, blah. They'd hear
[00:11:59] [SPEAKER_01]: about it and they'd come in like, I need to, hell, I didn't know I was out of town. Anyhow,
[00:12:03] [SPEAKER_01]: let me just give you the cash. Great. And the store manager. Where is the story going?
[00:12:08] [SPEAKER_01]: No, no. The store manager was, he was so impressed. He gave me like two weeks off.
[00:12:15] [SPEAKER_01]: He's just like, dude, that's been haunting me forever. And you just came in and like,
[00:12:21] [SPEAKER_01]: in a week there, we got all those funds back. I'm like, dude, it is what it is. Here's the
[00:12:26] [SPEAKER_01]: story I want you to hear. I thought that was the story. Chipulti, Amazon and Uber all land
[00:12:32] [SPEAKER_01]: on New York City's employer, Wall of Shame. New York City's comptroller released an interactive
[00:12:41] [SPEAKER_01]: dashboard that compiles a list of some of the big, some of the big Apple's worst labor offenders.
[00:12:50] [SPEAKER_01]: I love this. I know, right? I want it. This is on Inc.com, INC.com. So first of all,
[00:13:02] [SPEAKER_01]: pull the dashboard up and talk. Let's see where we're at. Let's see where we're at.
[00:13:07] [SPEAKER_01]: I mean, again, the story about Midland, that was in the 80s. This is modern. So now they can actually
[00:13:15] [SPEAKER_01]: show you exactly what they've done and all that stuff. So I think it's great for candidates.
[00:13:21] [SPEAKER_01]: That's really at the end of the day. It empowers candidates to then make good decisions.
[00:13:25] [SPEAKER_02]: Oh, is this a public dashboard? Oh yeah. Oh, well hell yeah. This is going to be,
[00:13:31] [SPEAKER_02]: this is going to be the next show like that. I like that. So awesome. All right,
[00:13:38] [SPEAKER_02]: we're gonna pull this up. All right. Well, Salesforce rolls out $50 million in AI training.
[00:13:46] [SPEAKER_02]: I love this. I love this for a couple of reasons. One, they recognize as they should,
[00:13:54] [SPEAKER_02]: there's a skills gap and obviously it is benefits that let's not get it wrong, right?
[00:13:59] [SPEAKER_02]: This isn't just come off the street and learn, right? They're educating their workforce,
[00:14:04] [SPEAKER_02]: but they're doing this because they are releasing AI agents for customer service and all that stuff,
[00:14:12] [SPEAKER_02]: right? And they're replacing all of that. So they need people who are skilled to take on
[00:14:17] [SPEAKER_02]: the new job. So rather than just throwing them to the street, they're gonna train them over
[00:14:21] [SPEAKER_02]: the next year. So this is a $50 million push. It's through their trailhead platform it's
[00:14:28] [SPEAKER_02]: called. It's gonna run through the end of 2025. So I love it. I think this is a great thing.
[00:14:34] [SPEAKER_02]: What was really interesting though, the hub is what's in their building obviously. The hub is
[00:14:39] [SPEAKER_02]: dedicated, they've dedicated, I'll get it out, the entire floor to training. So I go
[00:14:47] [SPEAKER_02]: to the ticket, I'm like, that's really cool. You're gonna take an entire floor of your building
[00:14:51] [SPEAKER_02]: and dedicate it to AI training. Then I'm like, why the hell do you have an entire floor
[00:14:56] [SPEAKER_02]: that you can dedicate to AI training? They have a whole building. Because they have a whole building,
[00:15:02] [SPEAKER_02]: number one. But there ain't nobody in the building. I know. You gotta go to the RTO. Yeah,
[00:15:06] [SPEAKER_02]: this is how they're gonna get them back in the office. This is how they're doing it. But anyway,
[00:15:10] [SPEAKER_02]: $50 million, I like it. You can't go wrong with it. It's a first of many, dude. We'll see
[00:15:14] [SPEAKER_01]: another investment for them in another nine months. Oh yeah, absolutely. I love hearing
[00:15:20] [SPEAKER_01]: stuff like that. All right, Ryan, do you know who the character on YouTube,
[00:15:25] [SPEAKER_01]: the person on YouTube called MrBeast is? I do and I follow him across every channel and I want
[00:15:31] [SPEAKER_01]: to know how I get that amount of money just to give away. $700 million, baby. So MrBeast,
[00:15:38] [SPEAKER_01]: training and analytics documents leaked. That's the story. All right. Explain. Basically,
[00:15:45] [SPEAKER_01]: it's an HR manifesto. This was on news.ycombinator.com. Fascinating. First of all,
[00:15:52] [SPEAKER_01]: a lot of places, but this one actually does a lot. I found it on Reddit. So anyhow, the leaks,
[00:15:58] [SPEAKER_01]: the leaked manifesto, I believe it was leaked purposely. So I'm putting air quotes around that.
[00:16:04] [SPEAKER_01]: I think it's a guide on how to manage or leverage Gen Z. It reads like,
[00:16:12] [SPEAKER_01]: okay, I'll give you two examples of what I fell in love with, but you need to go read
[00:16:17] [SPEAKER_01]: the whole thing. It's worth reading the whole thing. Two things I love. One, hiring only A players.
[00:16:24] [SPEAKER_01]: Okay, everyone says something like that, but what then went further to say is bloated teams kill
[00:16:30] [SPEAKER_01]: startups. That's true. I'm like, someone actually said that. Good. Two, the amount of hours you
[00:16:39] [SPEAKER_01]: work is irrelevant. So think about a boomer hearing that ship and going, what? Yeah,
[00:16:47] [SPEAKER_01]: they don't know. It's all value. What did you produce? In fact, he wants you.
[00:16:54] [SPEAKER_01]: He actually says this in the document. I don't care how many hours you work. I just care about
[00:16:59] [SPEAKER_01]: the output. Again, the best of videos. What's the value? Actually, what's the value? And if
[00:17:07] [SPEAKER_01]: you created that in three hours, then you went to the museum for six and I don't care. But look at
[00:17:15] [SPEAKER_01]: this as a Gen Z employee manual. I'm going to pull that up. And it's interesting because obviously
[00:17:22] [SPEAKER_02]: my girls are just all of it, right? So, but they look at him as a YouTuber. Yes. That's it.
[00:17:31] [SPEAKER_02]: That's right. He's got another like candy bars. He's got a billion dollars. It is.
[00:17:37] [SPEAKER_02]: Oh yeah. Right. So, I mean this is, it's a legit maybe YouTuber turned businessman, right? Like he's
[00:17:45] [SPEAKER_01]: got the thing moving. So it's like, it's like Jay-Z started selling correct. Now,
[00:17:52] [SPEAKER_01]: not selling correct. Right. Yes. I thought you're going to go PD references, but yeah.
[00:18:00] [SPEAKER_01]: 784 dildos? What? I missed that. Oh no. No. That's one of the things that was disclosed
[00:18:10] [SPEAKER_01]: in the documentation. 784 dildos. Like, well, there you go. Right. I mean do I need? We have to
[00:18:17] [SPEAKER_02]: clip that one and that's going to be the viral clip. That's the title of the show. 784 dildos.
[00:18:24] [SPEAKER_02]: Well, not that. What would that show? Is related to this in any way. Maybe I should skip this one
[00:18:32] [SPEAKER_02]: till the next one. No, no you're good. You're good. You're good. Importer announces the import
[00:18:36] [SPEAKER_02]: import, appointment of our friend Dan Finnegan as a CEO of Importer. So that's,
[00:18:44] [SPEAKER_02]: that's a, I think that's a really strong move. Right. I think that's a strong move. I mean he's
[00:18:50] [SPEAKER_02]: yeah. I mean Dan's got to grow. He does. He's got a tremendous background, right? So for those who
[00:18:59] [SPEAKER_02]: haven't met Dan or know of Dan, CEO of Jobvite, previous CEO of Filter coming from Filter,
[00:19:06] [SPEAKER_02]: SVP at Yahoo, remember Yahoo, you're still around. They're still doing it. So anyway Brent
[00:19:10] [SPEAKER_02]: Pearson, who's the founder of Importer will drive strategy partnerships, customer engagements.
[00:19:15] [SPEAKER_02]: This is a good play. Distributor workforces is not easy. It's a significant challenge for a lot
[00:19:21] [SPEAKER_02]: of organizations and he'll be able to handle that. I think he's going to take them to the next level.
[00:19:25] [SPEAKER_01]: I think it's great when he left, when K1 bought Jobvite, he took some time off and did some investing
[00:19:31] [SPEAKER_01]: and kind of did like what you know, a lot of these folks have done. Adam Miller and Calenday.
[00:19:37] [SPEAKER_01]: They take some time off, do some of that stuff that they needed to do, wanted to do,
[00:19:41] [SPEAKER_01]: wishlist, bucket list stuff. And then they get back in the game. And he got back in a game with
[00:19:47] [SPEAKER_01]: Filtered and we talked to him several times just doing a really cool thing with Filtered because
[00:19:52] [SPEAKER_01]: Filtered was evaluating your tech skills in a virtual environment for company,
[00:20:00] [SPEAKER_01]: which I mean you basically watch the person develop right in front of you in your environment
[00:20:07] [SPEAKER_01]: which was genius on so many levels. So I'm glad, I mean I'm glad for Brent because he had been running
[00:20:14] [SPEAKER_01]: it, running it, running it and I'm sure it just got to a certain point where it's like you need new
[00:20:19] [SPEAKER_01]: eyes. Great. He's got a great set of eyes and so I think it's good for everybody. Congrats to
[00:20:26] [SPEAKER_01]: everybody. On to acquisitions, the A of BARF. Are you ready? I'm ready. EZmetrics acquires
[00:20:34] [SPEAKER_01]: TZA, TZA. To grow visibility, the RZA, the GZA, the GZMase killer. So they acquire TZA to grow
[00:20:46] [SPEAKER_01]: visibility in warehouse ops. So basically it's a strategic acquisition. EZmetrics is a labor
[00:20:55] [SPEAKER_01]: analytics platform. TZA is a labor management system. So basically you're putting these two
[00:21:02] [SPEAKER_01]: things together. Good for what's typically called a strategic acquisition. You do a little
[00:21:08] [SPEAKER_01]: of this, we do a little of this. There might be a little overlap. We serve the same industry.
[00:21:14] [SPEAKER_01]: I found this story on sdcexec.com. You can read a little bit more about it but solid acquisition.
[00:21:22] [SPEAKER_02]: What if I told you that there's a solution to streamline your hiring process by matching
[00:21:27] [SPEAKER_02]: quality candidates to your jobs? Allows you to customize your messaging,
[00:21:32] [SPEAKER_02]: provides you with AI powered candidate summaries. Oh and wait a minute, it's sitting on more than
[00:21:38] [SPEAKER_02]: 300 million candidate profiles. You're welcome. Check out Indeed Smart Sourcing at Indeed.com
[00:21:46] [SPEAKER_02]: or Google Indeed Smart Sourcing. Nice. All right, Progress acquires share file for a measly $875
[00:21:57] [SPEAKER_02]: million. So congrats to those two. So this was financed through cash and credit
[00:22:05] [SPEAKER_02]: and this will move their revenue to about $240 million. So that's pretty good.
[00:22:14] [SPEAKER_02]: This is a file management system. Right, so they document sharing, collaboration type system.
[00:22:25] [SPEAKER_02]: We've talked about a number of these types of plays where everything looks good. It's nice.
[00:22:29] [SPEAKER_02]: It makes sense, all that stuff. But I think there'll be some challenges here. They have a lot of
[00:22:34] [SPEAKER_02]: overlap in products. So what are they going to do with them? Are they going to sunset them,
[00:22:38] [SPEAKER_02]: integrate them, which causes more challenges? So I think those are a couple things that I'm
[00:22:43] [SPEAKER_02]: looking at there. Obviously smarter people than me are working on this and they know what
[00:22:48] [SPEAKER_02]: they're doing. So congrats everyone. Everybody wins here. So let me make sure I understand
[00:22:55] [SPEAKER_01]: they acquired them for cash and stock, etc., for let's say 900 million. It's going to add
[00:23:02] [SPEAKER_01]: almost 300 million in revenue. Correct. Okay, that's cool. All right, I got it. That's congrats to them.
[00:23:10] [SPEAKER_01]: Yeah. Ryan, I got some weed stories here. You ready? This is an acquisition.
[00:23:16] [SPEAKER_01]: Mowing your lawn? Yeah, no. Thanks. A cannabis industry hiring platform acquires Greenforce,
[00:23:25] [SPEAKER_01]: a cannabis temporary staffing agency. So who was the last time you heard of a
[00:23:30] [SPEAKER_01]: hiring platform, ATS, CRM, whatever, hiring or acquiring a staffing firm? I haven't.
[00:23:37] [SPEAKER_02]: I don't either. So is there a need for very specific firms that are very specific to cannabis?
[00:23:46] [SPEAKER_02]: I don't know. I mean, I don't know about it, but it just feels like that's really specific.
[00:23:52] [SPEAKER_01]: Well, it's like, okay, think about it like bourbon to story. Okay, the people that work in
[00:23:58] [SPEAKER_02]: bourbon, so are they. Yeah, makes sense. Everywhere in bourbon. There's sales, distribution,
[00:24:03] [SPEAKER_01]: warehousing, manufacturing, all that stuff. I'm easily convinced. Yeah. It's cannabis is like that.
[00:24:09] [SPEAKER_01]: If you're working on the production side, you need employees that understand that side of
[00:24:15] [SPEAKER_01]: the business. So it isn't, there are some transferable skills and some people don't
[00:24:19] [SPEAKER_01]: want to work in a cannabis industry. So you have to go out and find people first cut is
[00:24:24] [SPEAKER_01]: are you willing and able to work in a cannabis industry? Yes, no, maybe. So vanxed and I found
[00:24:29] [SPEAKER_01]: this actually on vanxvangst.com. I love it. It's a vertical integration. So when you think of these
[00:24:36] [SPEAKER_01]: things, one's buying the other now they're buying a talent pool. Right. So that will help them with
[00:24:43] [SPEAKER_01]: their clients. Good for them. All good stuff. All right. So got some research or talk some
[00:24:49] [SPEAKER_02]: research. So when I ask you this, well, I'm not going to ask because I got to tell you the story
[00:24:55] [SPEAKER_02]: first. Which persona are you? That's what I called it, right? But I got to tell you what
[00:25:02] [SPEAKER_02]: it's about before I can actually ask you the question. Anywho, Salesforce wanted they want to
[00:25:09] [SPEAKER_02]: understand how workers interact with AI in their jobs. So this is, you know, how much you're using it,
[00:25:20] [SPEAKER_02]: how often what are you doing with it? All of that stuff, right? So anyway, the study found
[00:25:25] [SPEAKER_02]: that workers engagement with AI varies. We all kind of knew that. Yeah. But here's a three
[00:25:32] [SPEAKER_02]: quick metrics, three quick breakdowns. Okay, 30% of workers are maximalists.
[00:25:39] [SPEAKER_02]: That's using AI multiple times a week. Okay. 66% are rebels. They never use AI.
[00:25:46] [SPEAKER_02]: And they see it as a societal threat. Those are the 66 that will be unemployed next month.
[00:25:55] [SPEAKER_02]: 20%. This is funny. I think this is actually pretty, I think this is higher. 20%
[00:26:01] [SPEAKER_02]: are underground users. They leverage AI, but they keep it hidden from their colleagues.
[00:26:08] [SPEAKER_02]: They're an underground closet user of AI. Closet user? Yeah. I think that's kind of stupid.
[00:26:17] [SPEAKER_02]: That's like me using TikTok and playing my kids, you shouldn't use TikTok. I don't
[00:26:21] [SPEAKER_02]: ever use TikTok. When you just go upstairs and use TikTok, like them. It's okay to use
[00:26:26] [SPEAKER_02]: AI. It's okay to use an assistant. It's okay to do this stuff.
[00:26:32] [SPEAKER_01]: It's not a sign of weakness. This is really kind of what you're...
[00:26:38] [SPEAKER_02]: But I think you're right though. People view it as a weakness. And if I'm using AI at work,
[00:26:45] [SPEAKER_02]: am I really valuable? The answer is yes, you are. You know that. I know that.
[00:26:50] [SPEAKER_02]: And so anyway, this is on Salesforce.com. Just go under their stories and it's under
[00:26:56] [SPEAKER_02]: AI personas at work. It's actually really cool. And they have a lot of cool infographics there.
[00:27:01] [SPEAKER_01]: And they're deploying $50 million in AI training. So they're going to get more data
[00:27:06] [SPEAKER_01]: that they will figure out these personas. They'll start breaking the personas down into
[00:27:12] [SPEAKER_01]: subpersonas. All right, Ryan, let me pitch you this story here. Meetings are overused,
[00:27:19] [SPEAKER_01]: leaving workers overloaded, says Atlassian. News over. All right, this is on at Atlassian.com.
[00:27:29] [SPEAKER_01]: Meetings suck, right? Check. So some meetings suck. This is some cool data from Atlassian.
[00:27:36] [SPEAKER_01]: So definitely go look at this. This is on Atlassian.com. It's on their blog. It's called
[00:27:43] [SPEAKER_01]: WorkforceWowsMeetings. So you can go find out the, you can go find a date yourself. So
[00:27:47] [SPEAKER_01]: here are your three metrics or three data points that came from this research.
[00:27:52] [SPEAKER_01]: 78% of people we surveyed said they expected to attend so many meetings it's hard to get their
[00:27:59] [SPEAKER_01]: work done. That number of times. That's about right. Okay. 51% have to work
[00:28:07] [SPEAKER_01]: overtime at least a few days a week due to meeting overload. And for those director level
[00:28:13] [SPEAKER_02]: and up that number rises to 67%. I think 67 sounds about right, my scientific approach.
[00:28:25] [SPEAKER_02]: I think the 51%, I think that could be high. It depends on the job. I think if it's a white
[00:28:31] [SPEAKER_01]: collar job, I think that's a little higher. Yeah. I'm right there with you. And the last stat,
[00:28:38] [SPEAKER_01]: 76% agree they feel drained on days when they have a lot of meetings. Nobody is having fun here.
[00:28:47] [SPEAKER_01]: So that's their quotes, by the way, that's all their stats and their quotes there,
[00:28:50] [SPEAKER_02]: which nobody has had. So they agree that they're drained, which means they had to use
[00:28:55] [SPEAKER_02]: your mind and think about work. They're emotionally drained. Nice. Okay. Well,
[00:29:00] [SPEAKER_01]: when I read that, I thought when you and I do six podcasts a day or we have a bunch of calls
[00:29:07] [SPEAKER_01]: in one day. I'm whooped. I'm beat. I'm intellectually or whatever. I'm just beat. I need to go to a
[00:29:14] [SPEAKER_02]: quiet space. Yeah. So I start the first episode ends at 40 minutes and then the sixth episode
[00:29:20] [SPEAKER_01]: ends at 22 minutes. Yeah. No, you're good. No, everything's good. You sounded great.
[00:29:26] [SPEAKER_01]: It's a wrap. No. But I could see that 76% feel drained. I could see that number being
[00:29:33] [SPEAKER_02]: much higher. So anyhow. But this is actually a real problem. So we laugh about it,
[00:29:39] [SPEAKER_02]: but it's actually a real problem. Too many meetings. We're so ingrained in our meetings
[00:29:45] [SPEAKER_02]: and we're conditioned to have meetings upon meetings upon meetings upon meetings.
[00:29:49] [SPEAKER_02]: When you don't have the meetings, you feel like something is wrong. That's right. You're on the
[00:29:55] [SPEAKER_01]: outs. Yeah. Don't understand why am I not at the meeting? Well, we're not communicating. The
[00:30:00] [SPEAKER_01]: leadership's not communicating. The team's not communicating. It's like, what do you want?
[00:30:05] [SPEAKER_02]: Dude, it's actually a real problem. And I do like the idea. I struggle with this because
[00:30:12] [SPEAKER_02]: and this is interesting. We could probably do a whole fucking episode on this.
[00:30:15] [SPEAKER_02]: Meetings without an agenda. Do I attend? Do I not attend? Or 31?
[00:30:20] [SPEAKER_01]: You would like this particular research because it gives solutions.
[00:30:26] [SPEAKER_02]: Well, yeah. So I probably won't. I probably won't look at it, but I'll see how I look at it.
[00:30:32] [SPEAKER_02]: I got you. But I hear people say that when I see a 30 minute meeting, I'm like,
[00:30:39] [SPEAKER_02]: all right, that's gone 45. Even if I want to get off the call, 15 minutes is too short.
[00:30:46] [SPEAKER_02]: Maybe not happened. Yeah, like 60. I don't even want to go.
[00:30:52] [SPEAKER_02]: Anyhow, I what do you got? I soft. So we do a lot of work with I saw we love the people
[00:30:57] [SPEAKER_02]: and I saw going to be there in a couple of weeks. They're sponsor of work defined. So
[00:31:01] [SPEAKER_02]: thank you all very much. They have released for the fourth year in a row the Champions
[00:31:07] [SPEAKER_02]: of Change. So it's a Champions of Change report where they surveyed over a thousand HR leaders
[00:31:15] [SPEAKER_02]: to understand how they're creating meaningful employee experience. So this is a great report.
[00:31:22] [SPEAKER_02]: I actually did read it. So I can say it's great. I can put my not that it matters, but I'll put
[00:31:27] [SPEAKER_02]: my my seal on it. Three things. Top threats. Identified main challenges and talent acquisition
[00:31:35] [SPEAKER_02]: for 24. Okay. So retention strategies and tech investment. Those are the three things that they're
[00:31:42] [SPEAKER_02]: really focused on here. So yeah, take a look at it. They'll love it. When you say you read it,
[00:31:48] [SPEAKER_01]: you put it in a chat GPT and said summarize. No, I actually did. I actually did. I did read
[00:31:53] [SPEAKER_02]: it. I did read it. It's not it's not a huge report. It's not one. You can actually really
[00:31:57] [SPEAKER_01]: read it. That's how I read reports now. Although it gives me the five things I
[00:32:03] [SPEAKER_01]: need to know about this. It is really good to do that. Yeah, it is. Yeah, I actually did. I did.
[00:32:09] [SPEAKER_02]: I went and downloaded it and I looked at it and all that stuff. But I should throw it in. Yeah,
[00:32:13] [SPEAKER_01]: I know. I probably overdid it there. Nope. It's good. We love I solve. Okay. Let me uh
[00:32:21] [SPEAKER_01]: the 20 best states to be a teacher is uh this is this is surveyed. I'm going to give you
[00:32:26] [SPEAKER_01]: the 20 but really this is a story about recruiting retention compensation and the state funds
[00:32:35] [SPEAKER_01]: like people actually prioritizing education. Right. So uh we both made the list. I mean
[00:32:43] [SPEAKER_02]: filled up Pennsylvania and Texas now I get the district up here sucks to work at. I shouldn't
[00:32:49] [SPEAKER_02]: say that they're a great I just have a little bit of issues with the home. Yeah, seems like
[00:32:54] [SPEAKER_01]: so what's interesting is the first four are in the northeast mass to just New Jersey, Connecticut,
[00:33:00] [SPEAKER_01]: New York. They need it to five north Dakota, Maryland, Illinois, Georgia, which the south
[00:33:07] [SPEAKER_01]: always gets pinged for being shitty on education. So there's that Colorado Vermont,
[00:33:13] [SPEAKER_01]: back to the northeast Virginia at 12 is Pennsylvania. Okay. New Hampshire,
[00:33:21] [SPEAKER_01]: Washington. That's an outlier for me. Wyoming outlier, Texas at 16. Yay. Minnesota, Nebraska,
[00:33:28] [SPEAKER_01]: Rhode Island and this is to work. This is the best. This is the list of the best states
[00:33:34] [SPEAKER_01]: to be a teacher. So it has when you do the first you do the 20 right? It has almost the
[00:33:41] [SPEAKER_01]: entire northeast in the top 20. Yeah. Which again like if you look at like if you look at
[00:33:47] [SPEAKER_01]: college so we're this is all K through 12 stuff. But if you look at college, like a lot of colleges
[00:33:53] [SPEAKER_01]: are in the northeast. It's like there is no that northeast is older. We are educated over here.
[00:34:00] [SPEAKER_01]: Yep. Yep. There is it. There is an east coast bias. But this one's not like that. This one's
[00:34:06] [SPEAKER_01]: just basically you've got to recruit a teacher. You gotta find them recruit them. You gotta
[00:34:11] [SPEAKER_01]: you know, you've got to keep them. You gotta pay them and then the environment has to be one in
[00:34:17] [SPEAKER_01]: which they thrive. No. There you go. So you're 12. I'll never be a teacher. We're number 12.
[00:34:24] [SPEAKER_01]: You're 12 12 out of 50s, whatever if they add the territories. That's pretty dang good actually.
[00:34:30] [SPEAKER_01]: So there you go. Solid build time on the funding. Yeah. What do you got?
[00:34:34] [SPEAKER_01]: So we both caught this one with safety culture just because it's a big number
[00:34:39] [SPEAKER_01]: raises 110 million. This is I found this on Coverageer, Cov, E, R, A, G, R. So the funding will
[00:34:49] [SPEAKER_01]: help safety culture grow into bigger enterprise markets speed up its use of AI and provide benefits
[00:34:56] [SPEAKER_01]: to its long term employees. I've never seen that before. I've not I've seen it. I've never
[00:35:06] [SPEAKER_01]: know if they were working without benefits. We're just going to cut a check. We're going to
[00:35:11] [SPEAKER_01]: back me everybody. Hey, now we have benefits. I don't know if it's that which I don't think.
[00:35:17] [SPEAKER_01]: I think it's additional benefits like that maybe bonuses. But so safety culture is exactly
[00:35:23] [SPEAKER_01]: what you think it is. It's workforce productivity quality, improved quality,
[00:35:28] [SPEAKER_01]: employee engagement, culture safety. Culture safety. So it is all things it's based in
[00:35:35] [SPEAKER_02]: in Australia. So yeah, this is an all what I what I found interesting about this. I know we
[00:35:41] [SPEAKER_02]: both found that the valuation, the valuation is lower this time around. That's right.
[00:35:47] [SPEAKER_02]: Then their first round of funding not by a tremendous amount, but it's down. And so,
[00:35:53] [SPEAKER_02]: you know, I know it's a shitty market. But that is something, you know,
[00:35:57] [SPEAKER_01]: that means they had to raise. I mean, ultimately, what that means is that 110 million
[00:36:02] [SPEAKER_01]: wasn't enough. They had to raise that money. Now, there's still a unicorn in Australia.
[00:36:08] [SPEAKER_01]: They're still considered a unicorn and rightfully so. But the valuation went significantly down.
[00:36:16] [SPEAKER_02]: So look, two and a half billions, two and a half billion. So, you know, no, hey,
[00:36:19] [SPEAKER_02]: investors may not love it. But whatever. It's all good. Okay. So HR one. This is a small
[00:36:27] [SPEAKER_02]: one. This is not a huge one. Yeah, 110 to four. So one billion, right? In a pre series,
[00:36:36] [SPEAKER_02]: pre series B. So pre series B. So this this is an India based company. It focuses on HR automation.
[00:36:44] [SPEAKER_02]: So pre series B. So they're going to use the fund to scale here, right? This is let's get us to a
[00:36:50] [SPEAKER_02]: place of goodness. Was that a four million in cash USD?
[00:36:55] [SPEAKER_01]: That is four million USD. Yes, it goes a long way in India. Oh, just saying. Yeah. But it's a bridge,
[00:37:02] [SPEAKER_02]: right? It's a bridge to get to be and let's scale and get our stuff where we need to be. The
[00:37:09] [SPEAKER_02]: challenge I think, you know, I think here's what we see a lot companies, a lot of companies in
[00:37:16] [SPEAKER_02]: India are fantastic, but they have trouble scaling beyond the borders there, right? And so I'm curious
[00:37:23] [SPEAKER_02]: to see kind of where this goes. Are they going to use some of this money not just to build
[00:37:27] [SPEAKER_02]: capabilities, but are they going to build more of a global leadership? It's a tough India is a
[00:37:32] [SPEAKER_01]: tough market for that reason that you state but also for companies to go to India. Because we
[00:37:38] [SPEAKER_01]: think of like I like the United States. We think of the United States is like, okay, the
[00:37:41] [SPEAKER_01]: United States consumes a lot of software. Yep, but the United States is like 12 different places.
[00:37:48] [SPEAKER_01]: So India in India is same, like in each of those areas. So it's not like it's a huge country
[00:37:54] [SPEAKER_01]: check, but it isn't just one country. It's a bunch of different territories if you know.
[00:38:03] [SPEAKER_01]: So, good for them. Yeah, good for them. All right, let me give you this one. Peter Thiel
[00:38:08] [SPEAKER_01]: backed Mercor, M-E-R-C-O-R raises 30 million to revolutionize hiring with AI. This is on
[00:38:18] [SPEAKER_01]: techfundingnews.com you can go read about it. Basically, can we predict a great hire? When
[00:38:27] [SPEAKER_01]: you get right down to it, how do we do that? People have been trying to solve this riddle
[00:38:33] [SPEAKER_01]: for 2000 years. So this is what they're solving for. This is what Mercor is solving for. It uses AI
[00:38:40] [SPEAKER_01]: models to better assess a candidate's skill set and predict their ability to perform well in a given
[00:38:48] [SPEAKER_01]: role. So again, they're not the only ones trying to do this. There's a lot of companies that are
[00:38:55] [SPEAKER_01]: trying to do this. It is it's a holy grail because if we could predict that, right, then
[00:39:02] [SPEAKER_01]: we could go down to that one candidate and go, yeah, this person's 98% done, hired,
[00:39:09] [SPEAKER_01]: then move on. So I don't bet against Peter Thiel. So good for them and we'll kind of keep on
[00:39:16] [SPEAKER_02]: on their growth. All right. All right. These guys, I'm gonna look into the camera. I'm gonna
[00:39:24] [SPEAKER_02]: look into the camera for this one. Willow raises 2.4 in a series A. So congratulations
[00:39:30] [SPEAKER_02]: first off to these guys. Start up in Glasgow. They are fantastic people. So we've had a
[00:39:38] [SPEAKER_02]: pleasure of interviewing these guys a number of times, worked with them a number of times in
[00:39:42] [SPEAKER_02]: the past. Woody and Ewan, congratulations on the funding and on the growth number one. The team
[00:39:49] [SPEAKER_02]: has grown. The product has grown. They're starting to become a household name in video,
[00:39:56] [SPEAKER_02]: in interviewing and screening and all of that stuff. But here's what we're looking to
[00:40:00] [SPEAKER_02]: look into the camera deep into their soul. I still have your sticker on my kayak. It's pimped out
[00:40:05] [SPEAKER_02]: right there, little nudge. I need a tournament sponsor. There you go. Is that a Ergo Wink?
[00:40:13] [SPEAKER_02]: If you don't ask, they don't know. Right. I need a fully wrapped vessel for these
[00:40:22] [SPEAKER_02]: toys. Not just big stickers. Finally. Yeah. So anyhow, all kidding aside, congratulations guys.
[00:40:29] [SPEAKER_02]: Love the work that you're doing. But you have my number if you definitely want to sponsor a
[00:40:35] [SPEAKER_01]: Ryan team bridge founded by Uber former Uber execs raises $28 million to build HR software for
[00:40:46] [SPEAKER_01]: hourly workers. So there's a lot in the hourly space there. I know. I know it's
[00:40:52] [SPEAKER_01]: like this. The market has always been there, but we've ignored it. Now it's like
[00:40:57] [SPEAKER_02]: over indexing. Oh, I probably should say there's a lot and now it always has been
[00:41:04] [SPEAKER_01]: but not compared to corporate. Yeah. Not a non compared to corporate. So this is again,
[00:41:11] [SPEAKER_01]: it's on tech crunch. So you go read the story yourself. This is their own language. So I
[00:41:21] [SPEAKER_01]: app which companies can customize, let's employees view and claim shifts, sign any
[00:41:29] [SPEAKER_01]: necessary legal documentation and text with managers. Basically you got Uber execs
[00:41:36] [SPEAKER_01]: applying that model, that real time model to talent. Yeah. Yeah. I think they've got it.
[00:41:44] [SPEAKER_01]: It's there's things that are non app like workflows and stuff like that. So they got
[00:41:48] [SPEAKER_01]: some other stuff that the team bridge does, but they've also got an app. So they've got kind of a
[00:41:55] [SPEAKER_01]: B play and then a B to C play with the app talent. Good for them. Yeah. All right.
[00:42:03] [SPEAKER_02]: Cencia partners with Joe. So I put this into funding. I don't know what the dollar amounts
[00:42:11] [SPEAKER_02]: all that stuff. Yeah, they didn't disclose. Right. So for those of you don't know,
[00:42:15] [SPEAKER_02]: Cencia is all about internal mobility. Right. So retaining talent, etc. Developing talent, etc.
[00:42:22] [SPEAKER_02]: So I love Cencia and everything that they do. And this isn't a dog. Congrats on that because
[00:42:28] [SPEAKER_02]: it'll be a huge partnership for them. Of course. Oh yeah. If you go to cencia.com,
[00:42:34] [SPEAKER_02]: c e n s i a dot com slash workday. That site is significantly nicer, better functional
[00:42:43] [SPEAKER_02]: than the Cencia.com website. It's almost as if they're put the entire basket right into that
[00:42:49] [SPEAKER_02]: partnership there. Right during workday rising or right. I know they did. You need to make a big
[00:42:56] [SPEAKER_02]: splash. Totally get it. But that was the one thing that stuck out to me. But the good part is
[00:43:01] [SPEAKER_02]: there's a lot of workday customers and they need this help. And so there's no need to go rebuild
[00:43:06] [SPEAKER_02]: and bring on 30 different platform like you have this in the system. Yeah, there's going to
[00:43:12] [SPEAKER_01]: you're going to see more and more of this workday building and ecosystem stuff. Yeah. So now what's
[00:43:18] [SPEAKER_01]: really fascinating is workday ventures put the money into them. So the money that was not disclosed,
[00:43:25] [SPEAKER_01]: they actually worked a venture was involved in that and they're building out more. They've
[00:43:32] [SPEAKER_01]: finally kind of come to the grips that where Oracle and SAP have done the same thing in years past
[00:43:38] [SPEAKER_01]: that we can't build it all. We're not going to build it all. And there's no need to build it all.
[00:43:42] [SPEAKER_01]: And there's no need to build it all. Thank you. We're going to put an ecosystem around all the
[00:43:46] [SPEAKER_01]: stuff that we do. So this is one like Beemory or like Paradox or any of these folks, they either
[00:43:55] [SPEAKER_01]: acquire and bring in or they partner with them and put them in the ecosystem and they become a
[00:44:00] [SPEAKER_01]: preferred vendor, etc. Good for her. I love Joe. She's just a good hearted person and I'm glad that
[00:44:09] [SPEAKER_01]: she has this partnership because they won't have to go outside the ecosystem for that,
[00:44:13] [SPEAKER_02]: for SINSEE to be super successful. No, they can live there for many, many, many years and scale
[00:44:19] [SPEAKER_01]: at that. I must say this name slowly, Black Cloak because boy that could go sideways really fast.
[00:44:28] [SPEAKER_01]: Never a dull moment. That raises 17 million to protect executives, high-profile individuals.
[00:44:37] [SPEAKER_01]: This was on blackcloak.io. So just in your thought we are all equal. Black Cloak provides
[00:44:50] [SPEAKER_01]: corporate executives with cyber protection to mitigate risk against sophisticated cyber attacks
[00:44:56] [SPEAKER_01]: and while providing personal protection for them and their families. So this is a bit that basically
[00:45:01] [SPEAKER_01]: that those executives that don't want to go into the office, my bad. This is actually a product
[00:45:09] [SPEAKER_01]: that's built for them so to keep them safe. So is this for like high value executives like CEO
[00:45:17] [SPEAKER_02]: of PepsiCo? Didn't say. Because 17 million doesn't seem like, I don't know if they have
[00:45:23] [SPEAKER_02]: doesn't seem like a lot of money to protect, you know, a $40 billion CEO of a major fortune
[00:45:31] [SPEAKER_01]: tent. I'm assuming that this is a hacker company that basically it's just a group of people that
[00:45:38] [SPEAKER_01]: put in place protections. Again, we'll start with the C-suite. Let's just do that. But I could
[00:45:46] [SPEAKER_01]: see them going down further into the enterprise with a product that basically helps all the
[00:45:52] [SPEAKER_01]: employees. Maybe even offering it as a benefit. But right now they're starting black cloak with
[00:46:00] [SPEAKER_01]: executives. I need to get you off this one. I swear God, it's going to come out at one point.
[00:46:07] [SPEAKER_01]: It's like 10. Yeah, just type in Google. Goodness. Everywhere you go. All right. I've got one more
[00:46:13] [SPEAKER_02]: funding and I saved this one for last for me anyhow because I love what they're doing.
[00:46:20] [SPEAKER_02]: So this is a company called 11XNA just took in $24 million for its digital workforce.
[00:46:27] [SPEAKER_02]: Just by the what I said, you can probably figure out what they're doing, right? But think SDRs,
[00:46:33] [SPEAKER_02]: all this stuff, salespeople, they're not just the employee. They're building the process, right?
[00:46:40] [SPEAKER_02]: So as they're working for you, they're actually building this process of prospecting,
[00:46:46] [SPEAKER_02]: reaching out, connecting on LinkedIn, doing all this stuff. And it's not just through automation,
[00:46:50] [SPEAKER_02]: they're actually doing the stuff, right? And so you're building relationships with Alice,
[00:46:56] [SPEAKER_02]: I think her name is and whoever. There's a whole cast of characters you can hire. So what really
[00:47:03] [SPEAKER_02]: blew my mind here, I don't know why it did but it just for some reason it kind of hit differently.
[00:47:09] [SPEAKER_02]: In the release on their site, they said we don't target Sass spend, we target hiring budgets.
[00:47:17] [SPEAKER_02]: This is a direct right out of the and I just thought it was genius that they're saying this,
[00:47:21] [SPEAKER_02]: we're in the business of selling work. The key is to unbundle specific tasks traditionally
[00:47:27] [SPEAKER_02]: performed by employees and to resell them. I haven't really heard a company recently
[00:47:33] [SPEAKER_02]: anyway. I mean, I can't really think of a good example that says we're going to unseat your employees.
[00:47:40] [SPEAKER_02]: Here's what we're doing and I'm going to actually say it in the press like there's no BS here.
[00:47:45] [SPEAKER_02]: Like we're a digital workforce, we're going to unbundle all of this stuff your employees
[00:47:48] [SPEAKER_02]: are doing that they don't need to be doing. And we're going to go sell you that and we're
[00:47:53] [SPEAKER_02]: selling it to hiring an HR. We're not selling into in the tech or anywhere. Right?
[00:48:01] [SPEAKER_01]: Literally going right at the heart. This is, this is a replacement. So a couple of things.
[00:48:06] [SPEAKER_01]: They're building with the money. They're building similar personas. But let me read you something.
[00:48:12] [SPEAKER_01]: This was on TechCrunch by the way for people that are listening. You can go read about 11x.
[00:48:17] [SPEAKER_01]: So let me just read you this. This is a direct quote from Hassan Sikhar,
[00:48:23] [SPEAKER_01]: the founder and CEO of 11x. All right. Instead of traditional software which is tools
[00:48:29] [SPEAKER_01]: and workflows that make people slightly more productive or efficient,
[00:48:34] [SPEAKER_01]: agents enable us to automate activities in a way that operates on autopilot. In a way
[00:48:41] [SPEAKER_01]: that requires no humanity in a way that is extremely high skill. He says he says of his vision
[00:48:51] [SPEAKER_01]: of a highly proficient, no human required workforce.
[00:48:58] [SPEAKER_02]: I know it's unpopular. I don't. Someone actually said it. Yeah. Just I'm telling
[00:49:05] [SPEAKER_02]: everything they said in this room. It's almost as if it was like an onion, like the
[00:49:09] [SPEAKER_02]: onion without the press release. We're getting rid of all the humans. Yeah. They're just like,
[00:49:13] [SPEAKER_02]: we don't need your shit. Like get out of here. Like fire your 85 people. My SDR is never
[00:49:18] [SPEAKER_01]: going to talk to you and they're going to kill it. That is the first time. You got to go read this
[00:49:23] [SPEAKER_01]: because that's a direct quote by the way as I read it. That is a direct quote from Hassan,
[00:49:29] [SPEAKER_02]: but no human required workforce. Sadly we are not a fit for the company. I did put a request in
[00:49:36] [SPEAKER_02]: for example and he said, doesn't look like you're a fit for the, they want money. We go away.
[00:49:41] [SPEAKER_02]: We're not going away. But I did reach out to them because I want to see this in action. I want
[00:49:46] [SPEAKER_02]: to see what they're doing and I think the audience would really enjoy this. They get a kick out of that.
[00:49:51] [SPEAKER_01]: Yeah, for sure. Last and funding the F of BARF. Become.one secures 3.3 million euros in seed
[00:50:03] [SPEAKER_01]: funding to make employee benefits simple, flexible and compliant. This is on veer1.com.
[00:50:10] [SPEAKER_01]: So this is a go Heidelberg, Germany go and I'm sure that the Germany has a different kind of
[00:50:18] [SPEAKER_01]: benefits spectrum and landscape than in the States. Totally you'd be in this. It'll be really
[00:50:23] [SPEAKER_01]: interesting to see them grow and if they're going to stay in Germany or if they're going to go
[00:50:26] [SPEAKER_01]: around continental Europe, et cetera. But it's become.one. Is the name of the company
[00:50:32] [SPEAKER_01]: and they're just trying to make benefits better. Can't hate. We all need benefits.
[00:50:36] [SPEAKER_02]: Sorry man. Can't hate. Well that wraps us up for today. That's crazy. So we are we're solid. It's
[00:50:44] [SPEAKER_02]: time to get out there, get ready for this plane ride. We're headed out to HR Tech. We'll be at
[00:50:49] [SPEAKER_02]: indeed Futurewarsh. We'll be at Isov Connect. If you see us there, please hit us up. Take a
[00:50:54] [SPEAKER_02]: moment, review if you could right wherever you're listening just hit the little five star. Don't
[00:50:59] [SPEAKER_02]: go anything less than that. It always helps us. We love y'all so much.