> Let’s be honest. This was out of desperation. Without this pivot Triplebyte was dead. And now it probably is anyway.
IMHO, that's the saddest thing about this. Triplebyte has a niche where they can provide value to companies and job seekers. But producing an objective analysis of someone's coding skills is expensive and doesn't scale well. They could make millions every year but it's not and never would be a billion dollar company. And it's too bad that millions is not good enough.
Applying a marginal amount of business accumen: there's other ways to get from millions to billion(s). They don't have to further monetize engineers. There's companies looking for all sorts of talent, beyond software engineers, in fact 99% of hiring is for non-software engineering roles. You can't get blood from a stone, but you can expand your total addressable market.
It's too hard to scale and protect margins. If Triplebyte proves out a business model you'll get a bunch of Triplebyte for X competitors. For example, someone will start the equivalent of Triplebyte focused on DBAs another for Erlang devs, another for embedded, etc.
Wouldn't a growing company that needed to hire for several different roles rather deal with a single service than a separate service for each specialty role?
IMHO, that's the saddest thing about this. Triplebyte has a niche where they can provide value to companies and job seekers. But producing an objective analysis of someone's coding skills is expensive and doesn't scale well. They could make millions every year but it's not and never would be a billion dollar company. And it's too bad that millions is not good enough.