Investor Preso from http://hrtechtank.com/events/san-franscisco Data taken from our internal research and industry reports by Blackstone Capital, CB Insights, etc.

1. HR Tech
VC Perspective

3. HR software market now worth $15bn….
Highly fragmented market with
a clear tendency towards
consolidation
more M&A to follow

4. …with significant growth potential

5. Capital Markets showing traction
Workday market cap = 15.7B
LinkedIn market cap = 26.7B
Cornerstone On Demand = 1.73B USD
Portfolio of HRTech companies
over performs NASDAQ for few
years in a row

6. Strong M&A in tier 1 market…
• Oracle buys Taleo for 1.9B USD
• IBM acquires Kenexa for 1.3B USD
• SAP acquired Success Factors for 3.7B USD
• SAP acquires Fieldglass
Big names .. you have heard about those! And investors did as well.

7. …and in mid tier
• WorkDay acquires Identified
• LinkedIn acquires Bright
• Monster acquires TalentBin
• Monster acquires Gozaik
• Yahoo acquires Vizify
• CareerBuilder acquires BroadBean
Etc.. You know better
How many of those were successful?

8. Investment $$’s are increasing….
$2.3bn
invested
since 2009

9. …and accelerating

10. HR Technology is red hot

11. Five considerations when
building an HR Tech startup

12. The realities of HR
tech investors

13. • No $bn exits!
• Trade sale (or
failure) most
likely exit

14. HR?
What?

15. Not all startups are equal
Choose your journey

16. Reward
Risk
Better
execution
Adaptation
Disruptive
platform
Disruptive
product

17. Deliver a solution…..
…..not just a product

18. Keep it simple…..stupid

19. There’s more to life than
subscription revenues