Why Heroes Jobs chose to sell himself instead of raising a Series A

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Heroes Jobs was recently acquired after realizing their company was better off not alone

Not all startups they are built for billion dollar output, or to grow as a standalone company.

The emergence of easily flowing subsequent funding likely led to the surge in funding in the few years leading up to 2022. This is not to say that all of these companies are bad by any means! Many of them have clients, which proves that they are building something that people want; some businesses are likely to even have significant revenue.

On the other hand, some of them will realize that without a large amount of venture funds, their business model will not succeed on its own and they will have to come up with a new plan. Heroes Jobs was one of them.

The San Francisco-based startup launched in 2018 to create a LinkedIn for Gen Z: a ​​more informal way for companies and potential employees to connect via video and create a platform that resembles TikTok. The company just announced that it has been acquired for an undisclosed amount by JobGet, an hourly job market startup that has raised more than $50 million in venture funding.

Heroes Jobs co-founder and chief executive Cyriac Lefort said that despite the company having a signed term sheet for a Series A, continuing to raise venture funds as a standalone company no longer made sense.