Founder Danielle Weinblatt started working on the concept during her first year at Harvard Business School, and decided to take a leave after the spring semester to focus on Take the Interview full-time.
"We took the Eric Ries, lean start-up approach," she says. "I went and talked to customers first, and started getting letters-of-intent to use this product I hadn't built yet."
The idea is that companies post a handful questions for certain candidates to answer via video, on their own time. (The videos aren't conducted live.) The site also offers a "question bank" of questions related to job categories like sales or accounting. Two examples: "How have you established priorities to implement a new vision or directive?" and "What is the last book that you read and why did you chose to read it?" Hiring managers can then view the responses, and share them within the organization.
"You might know that someone is a 'no' within the first few minutes of an in-person interview, but you end up spending 30 or 60 minutes talking to them because that's what scheduled," Weinblatt says. "We think that asynchronous video interviewing is a great way for people to save time." Take the Interview's initial focus is on small- and mid-sized businesses who may only be looking to fill 3 or 4 positions at any given time. Pricing starts at $45, which covers filling just one job, but there are monthly plans as well.
Weinblatt participated in the Dreamit Ventures accelerator program in New York over the summer, but the company's six employees are now back in Cambridge, using space at Dogpatch Labs.
The new funding comes entirely from angel investors, though Dreamit Ventures invested alongside them. Weinblatt says she didn't pursue VC investment, since she wasn't sure she wanted to commit to the exit size and timetable that they expect.
"I promised my employees to get them on payroll in September," she says, "and I'm glad we managed to do that." The money will also go toward building a sales and marketing team, attending conferences, creating new features for the site, and developing a mobile app, Weinblatt says.