Full-cycle recruitment, salary benchmarking, 1:1s: How F1V team helps startups with hiring

By Anastasiia Kuzmenko, Head of Talent Acquisition at F1V

At startups, especially early-stage companies, there can't be random people on a team. A team is often the reason why a startup achieves impressive results or, on the contrary, shuts down the business.

Knowing this, we've built a talent acquisition crew at Flyer One Ventures that supports its portfolio startups with their requests, providing both hands-on and advisory support.

When new startups join our portfolio after investment, we have an introductory call with each to understand their hiring needs. During these calls, we consult startups on how the F1V recruitment team can assist them.

1:1 consulting

Any F1V portfolio startup can request a personalized advisory session with our recruiting team. 

During our consultations, we help to develop strategic hiring plans tailored to the company's goals. We can guide a startup on the optimal team structure, review its current team, and suggest additional hires.

We also aid startups in organizing their recruitment processes in the best possible way. While we usually offer an algorithm for filling most positions, some may require a specific hiring approach, and we assist in designing it.

If a company wants to hire an in-house recruiter, set up policies and analytics, or make its recruitment team more efficient, we help with that as well.

Full-cycle recruitment

We act as talent partners for startups that have no in-house recruitment team, managing the entire recruitment process from start to finish. It’s our key hands-on way of support.

We have expertise in recruiting both tech and non-tech pros at any seniority level. Startups in the F1V portfolio often ask us to find marketers, sales and customer support managers, designers, and C-level executives.

Here’s our basic process:

1. We source potential hires and conduct preliminary interviews to shortlist them. 

2. We provide selected profiles to the startup, offering the first batch of candidates during five days after the briefing.

3. We coordinate further interviews and test assignments with the startup’s hiring manager.

4. When the company picks an ideal candidate, we help to craft a job offer and assist in negotiations.

Our team may also assist in creating an ideal candidate profile, a detailed job description, and a relevant test assignment for an open position — both when we lead the hiring hands-on and as advisors.

We conduct full-cycle recruitment for nearly 30 F1V portfolio companies, including Basenji Apps, All Right, Awesomic, Mate academy, RedTrack, Liki24.com, and NewHomesMate. In 2023, our team filled over 90 vacancies.

The average time we need to fill a vacancy is 37 days (the market average is two-three months). However, sometimes we manage to find a perfect person in days. 

For example, we found a customer support team lead for Basenji Apps within two weeks. Our recruiter conducted eight soft interviews and sent five profiles for review to the startup’s hiring manager. We invited two candidates to the final interview and hired one of them.

We hire in EMEIA, LATAM, and the United States (in more than 15 countries) and know the hiring trends and specifics in these regions.

Useful info: Salary benchmarking, guides, referrals

The F1V talent acquisition team regularly researches market salaries and can share up-to-date benchmarks with our portfolio companies.

We also supply the portfolio with recruiting guides and conduct market research. Here’s our recent exclusive report on compensations in Brazil, Colombia, and Mexico.

Once per month, our team offers startups a list of well-experienced candidates they could hire. If a company is interested in a candidate, we connect them and lead negotiations.

If you are a F1V portfolio startup and need help from our talent acquisition team, fill out this form or contact me directly at [email protected].

Subscribe to our LinkedIn newsletter to get one useful article every week via email and on LinkedIn. We promise each story to be insightful and take less than 5 minutes to read.