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Runner isn't accepting new investments

Runner’s deadline was September 22, 2022

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Runner

Connecting outstanding operations talent with the most inclusive companies
LGBTQIA+ Founders Women Founders Black Founders Software Marketplace Apps
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$383,484
Raised
933
Investors
Successfully funded and closed on September 22, 2022.
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Co-investors
Precursor Ventures
VC firm based in San Francisco
Precursor Ventures is an early-stage venture firm focused on classic seed investing. Since its founding in 2015, they have invested in more than 200 companies across software, hardware, consumer and enterprise. Their focus is on entrepreneurs entering into new markets solving the toughest problems.
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Closed on September 22, 2022. Information may not be up-to-date. Campaign closed on September 22, 2022. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Hire Runner Co. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Runner Crowd SAFE Hire Runner Form C.pdf
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Hear from some of the 933 investors in Runner


Show more

Highlights


50-199 employees
Company has 50-199 employees on payroll
Leading VC-backed
Company is backed by a leading VC firm
  • $1M GMV run rate
  • 120+ customers and 350+ on the waitlist since launch in Dec 2021
  • Founded and led by Arlan Hamilton, founder of Backstage Capital
  • 1500+ Runner applicants & 205+ in our onboarding pipeline
  • GMV growing 57% month-over-month as of March 2022
  • Launched just 8.5 months ago in September 2021

Problem


Growing companies need access to outstanding operations talent...

...and layoffs and resignations are contributing to high turnover across industries.

80+% of people resigning from their jobs are leaving due to burnout or boredom. Meanwhile, growing companies need access to outstanding operations talent as they scale.

Job matching and gig-working platforms are thriving, but existing platforms have some key shortcomings:

  • They create a vast marketplace, but aren't optimized for non-technical operations talent;
  • Workers aren't generally W-2 employees, leaving them without access to benefits;
  • Alignment of values and mission between company and workers isn't prioritized; this is a critical factor for culture fit, worker motivation, and potential burnout.

Solution


Connecting outstanding operations talent with the most inclusive companies

We help you add the people your team needs fractionally or temp to hire, when they're needed.



Why Runner



Product


A CEO's best friend



How it works



Runner currently offers five
categories of operational talent:


  • HUMAN RESOURCES 
    Our People leaders will support the shaping of your team's culture at each stage of your company's growth—recruiting, generalists, compliance, and everything in between.

  • OPERATIONS 
    Our Operations talent will run toward solving complex challenges. They make an impact through designing and managing efficient and effective operations.

  • CONSULTANT 
    For teams looking for a thought partner and subject matter expert, our consultants have the ability to design and execute risk management solutions and translate company leadership vision to scalable systems and processes.

  • EXECUTIVE ASSISTANT 
    Our team of administrative professionals provide broad-based support including scheduling, inbox management, research, and project management. They anticipate the needs of those they support and quickly become a trusted confidant to the team.

  • RUNNER 
    We love this category of talent as the sky is the limit! From specialists to generalists, they meet your evolving business needs when you need them, as you need them. Think event staff, extra administrative support, or whatever your business requires.

Traction


$1M GMV

Growing 57% month-over-month as of March 2022
Started just 8.5 months ago in September 2021


Shoutouts & early wins


Customers


122+ current customers and 350+ waitlisted since December 2021

  • Customer Profile: Startups with less than 10 employees make up 78% of Runner’s customer base. We also serve many of the Fortune 500 household names. 
  • Customers benefit from stretching staffing budget by leveraging fractional senior operational support to scale while increasing productivity and profitability.
  • Customer feedback:
    • "Jordan is 100% an ideal match. She’s providing above and beyond value for her rate and time – she’s a literally perfect fit for the role I hired her into." - Sara Lobkovich, Red Currant, repeat customer, working with her 3rd Runner
    • "Morgan is incredible. She’s got huge long-term potential in service delivery (coaching, consulting) and product ideation in the knowledge &  information management space. She’s providing excellent work for me while she learns and grows."
    • "Tsukuru has gone above and beyond in making sure things get done promptly - it's been wonderful working with him"- Gefen Skolnick, Couplet Coffee, has retained the same Runner for 6 months

Business model


Runner ecosystem





Pricing


Our model is simple. With Runner's 25% booking fee, you have access to unlimited matches within our inclusive operational talent pool. 

Runner handles the interviewing, background checks, manages the entire payroll process and invoices the company for the matched talents time. 

WITH RUNNER'S 25% BOOKING FEE: 

  • No subscription fees
  • No recruitment fees for temp-to-hire roles* No hidden or additional fees 
  • No hidden or additional fees 

*Direct hire roles have an industry low 10% fee

Market


People want to curate their careers, & are demanding more flexibility than ever

COVID accelerated an existing trend,
and Runner is positioned for success.


Layoff headlines


The number of companies laying off their workforce is an unfortunate trend that is not slowing down. Twitter is gearing up to lay off hundreds. Fast recently laid off 450, Peloton almost 3K, Hopin over 100, and Robinhood just laid off 9% of its workforce. Very recently, Cameo and OnDeck added to this growing list.

With mass layoffs, engineers and technical roles often have jobs lined up (whether via acquihire, or headhunted immediately) while operations talent often has a more difficult time. That operations talent will utilize Runner exponentially over the next 18 months.

Runner is a soft landing for countless operational talent who are often overlooked.

—

—

From Harvard Business Review:

"[Resignations are] now back in line with the pre-pandemic trend, which is one that American employers are likely to be contending with for years to come...  companies that have the vision and resources to offer flexibility to their employees are the most likely to maintain a stable and competitive workforce. And the companies best able to attract and retain talent will be those offering benefits that address the changing needs of workers."

Competition


Runner stands apart from our competition with our inclusive approach

Vision and strategy


With the push
of a few buttons
and a short amount of time,

Runner makes it possible for any company to hire outstanding operational talent.

Runner:

  • Enables companies to get the support they need, when they need it
  • Enables individuals to curate their career; do the work they want to do when they want to do it
  • Provides opportunity for Value and Mission alignment between Customers and Runners
  • Is hyper focused and known for providing operations talent to inclusive companies
  • Provides a viable additional stream of income for operations talent

Funding


Backed by Backstage Capital, Precursor Ventures, Gaingels, and more, Runner has a diverse cap table of incredible investors supporting us as we grow.

Founders


Arlan Hamilton

CEO & Founder



Arlan Hamilton is the Founder and Managing Partner of Backstage Capital, a venture capital firm dedicated to minimizing funding disparities in tech by investing in high-potential founders who are people of color, women, and/or LGBT. Started in 2015, Backstage has invested $12M+ into 160+ startups led by underestimated founders and has been featured in Fast Company, Forbes, Fortune, CNN Money, Inc., Entrepreneur, and Quartz.

In October 2018, Arlan was featured on the cover of Fast Company magazine, making her the first Black woman who is not an entertainer or athlete to grace the cover. Her first book, It's About Damn Time, was published by Penguin Random house in May 2020. Arlan also hosts Your First Million, a podcast featuring notable people who have reached their first million dollars, downloads, or customers.

Arlan entered the venture investing world from an unconventional path. Before launching Backstage Capital, she authored the groundbreaking blog "Your Daily Lesbian Moment", which she grew to a monthly readership of 50,000 fans worldwide. She has written for AOL, SuicideGirls, and Curve Magazine, and founded and published the internationally distributed indie magazine Interlude. Arlan is also a live music production professional, having served as a tour manager to numerous international artists including will.i.am, Toni Braxton, and Jason Derulo. Most recently, she worked with Atlantic Records recording artist Janine.

In 2018, Arlan co-founded, along with Investment Partner Christie Pitts, Backstage Studio, a new venture studio designed to build products, services, and initiatives that serve the mission of eliminating underrepresentation in tech by empowering founders and their teams to succeed. In April 2018, Arlan and Backstage Studio were the subject of Season 7 of the popular Gimlet Media podcast, StartUp. In October 2018, Backstage Studio announced four accelerator programs, in Los Angeles, Detroit, Philadelphia, and London, UK. In June 2020, Backstage announced its Crowd initiative, providing access to the best underrepresented deal flow to accredited and non-accredited investors. Arlan was recently named on Fortune magazine's 40 under 40 list, as well as Vanity Fair magazine's The 2018 New Establishment List. 

Deal terms


Valuation cap

$25,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Minimum investment

$100

The smallest investment amount that Runner is accepting.
Learn more

Maximum investment

$500,000

The largest investment amount that Runner is accepting.
Learn more

Funding goal

$5M

Runner must achieve its minimum goal of $100K before the deadline. The maximum amount the offering can raise is $5M.
Learn more

Deadline
Runner needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

Nominee Lead

Chief Executive Officer of the Company (currently Arlan Hamilton)

Will direct the Nominee on certain matters like voting, amendments and conversions affecting the security.
Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Hire Runner Co. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Runner Crowd SAFE Hire Runner Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Runner.
Invest
$100
Receive
  • Special Runner t-shirt! Every Republic investor will receive a shirt, regardless of your investment :)
163 investors
Invest
$1,000
Receive
  • A Runner hoodie
  • A copy of "It's About Damn Time" written by Arlan Hamilton
  • Quarterly "inner circle" zoom brainstorming calls with Arlan Hamilton (CEO) and others on the Runner team for one year.
  • Limited (837 left of 1000)

About Runner

Legal Name
Hire Runner Co
Founded
Mar 2022
Form
Delaware Corporation
Employees
163
Website
hirerunner.co
Social Media
Headquarters
Google Map location of of Runner
6121 Sunset Boulevard , Los Angeles, CA
Headquarters
6121 Sunset Boulevard, Los Angeles, CA, United States 90028

Runner Team
Everyone helping build Runner, not limited to employees

Profile picture of Arlan Hamilton
Arlan Hamilton
Founder and CEO
Arlan Hamilton is the CEO of Hire Runner, which connects outstanding operations talent with inclusive companies. Arlan is also the Founder and Managing Partner of Backstage Capital, a fund that invests in underestimated founders.
Profile picture of Dianna Moore
Dianna Moore
COO
Dianna has a strong foundation in finance, risk management, people development and is known for optimizing processes, leading change, modeling ethical values, and inspiring others.
Profile picture of Frantz Joseph
Frantz Joseph
CTO
Frantz has 10 years in Engineering Leadership at Netflix, Etsy, & Mailchimp, with 18 years of expertise in Software Engineering within Tech & Gaming
Profile picture of Lauren Walker-Reader
Lauren Walker-Reader
VP, Operations
Lauren is an engaging, creative professional who builds operational rhythms, anticipates organizational needs and enables leaders to operate efficiently.
Profile picture of Melanie Goodloe
Melanie Goodloe
Director of Customer Success
An Entrepreneur, Founder & Coach, Melanie creates and drives key initiatives that help customers optimize value
Profile picture of Michelle Heng
Michelle Heng
HR Business Partner Leader
Michelle brings 12 years of experience within Human Resources recruiting, Head of People, & People Operations to the Runner team
Profile picture of Nicole Healy
Nicole Healy
Chief of Staff
Nicole has 10 years in tech startup leadership – Business Development, Client Services, and Operations.
4 more team members
Arlan Hamilton
Founder and CEO
Dianna Moore
COO
Frantz Joseph
CTO
Lauren Walker-Reader
VP, Operations
Melanie Goodloe
Director of Customer Success
Michelle Heng
HR Business Partner Leader
Nicole Healy
Chief of Staff

Press

Arlan Hamilton wants to reroute how startups hire
TechCrunch

Since launching the venture firm Backstage Capital in 2015, Arlan Hamilton has invested millions in more than 195 compani...

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Runner

Runner successfully raised $383,485 from 933 investors on September 22, 2022
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Brandy, Zubin, Joan, Cody, kristen, and 928 others invested. 202 Reviews
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