The Muse (website)

The Muse
Type of site
 Employment website
Available in English
Founded September 2011 (2011-09)
Headquarters New York City, New York, United States
Founder(s) Kathryn Minshew
Alexandra Cavoulacos
Melissa McCreery
Key people Kathryn Minshew (CEO)
Alexandra Cavoulacos (President)
Website themuse.com
Alexa rank Positive decrease 4,186 (Global, July 2018) [1]
Launched September 6, 2011 (2011-09-06)
Current status Active

The Muse (formerly known as The Daily Muse) is a New York City-based online career source founded in 2011 by Kathryn Minshew, Alexandra Cavoulacos, and Melissa McCreery.[2] The company aims to build the "most beloved, trusted career destination in the world"[3] for the millennial age group and older professionals by offering job listings, company profiles, expert advice, skills-building resources, and coaching services to the millions of candidates using the platform.[4]

Over 500 companies across industries have job listings and corporate profiles on The Muse, including: Facebook, Wells Fargo, Marriott, Target, HBO, AT&T, and Aflac.[5][6]

History

The site was conceived after getting feedback from readers of The Daily Muse, the company's career-focused online publication, that indicated readers found the job searching frustrating and "would go through multiple rounds of interviews before realizing the company wasn't a great fit".[7] Based on this realization, the 3 founders decided to create a different kind of job site. Co-founder Melissa McCreery[8] learned Python, CSS, HTML, and JavaScript from scratch, and with the help of a few programmers, built the Muse's job board that aims to take job searching “a whole new direction.”[9] The site was launched under the name Company Muse in February 2012, and is now known simply as The Muse.[10]

The Muse originally launched in Brooklyn[11] as The Daily Muse on September 6, 2011, with eight editors and eleven columnists.[12] The first version of the site grew from 20,000 users to 70,000 users in its first 3 months.[11]

In 2012, Minshew, Cavoulacos, and McCreery applied to Y Combinator at the recommendation of their advisor Rachel Sklar. They traveled to San Francisco for the interview and were accepted into the program that same day.[13] The founders moved to Silicon Valley for 8 months during Y Combinator and the subsequent fundraiser, after which they decided to locate their headquarters in New York City starting in September 2012. "The diversity of the N.Y.C. tech and startup scene won us over" said in an interview by bizjournals.com.[11][14]

Including initial funding from Y Combinator, 500 Startups, and others, The Muse received $1.2 million in seed funding[15] in January 2013 to continue growing the business.

After re-branding to The Muse in June 2013,[16] the company was a finalist in The Wall Street Journal Startup of the Year competition in Fall 2013.[17] Tyra Banks and others invested $1 million in The Muse in February 2014.[18] In May 2015, The Muse announced a $10 million Series A round led by Theresia Gouw at Aspect Ventures, with participation by DBL Partners and QED Ventures.[19] In June 2016, the company raised $16 million in a Series B funding round led by Icon Ventures, with current investors Aspect Ventures, DBL Partners, and QED Investors participating.[20]

Services

The Muse creates in-depth profiles of companies seeking top talent, showcasing their brand through behind-the-scenes videos of the office and team culture, interviews with employees, and current job openings. In a 2012 interview with Fast Company, founder Kathryn Minshew explained how the team creates “all the content” by sending someone into the office to capture everything needed to build a profile.[21] The idea is to establish authentic and lasting connections between companies and candidates before the formal application process begins.[21]

In November 2016, The Muse launched "Coach Connect", a network of expert career coaches available to users seeking professional guidance in their job search.[5] The service offers resume review and editing, career Q&As, personalized job search or networking plans,[22] and specialized coaching in interviewing, negotiation, and leadership.[23]

Published works

In November 2016, it was announced that co-founders Alexandra Cavoulacos and Kathryn Minshew were publishing a book, The New Rules of Work: A Modern Playbook for Navigating Your Career,[24] with Penguin Random House in April 2017.[25]

Recognition and awards

In November 2016, The Muse was ranked the 16th fastest growing company in North America on Deloitte's 2016 Technology Fast 500 list,[26] after growing 6,783 percent over a three-year period.[26][27]

SmartCEO selected The Muse as one of their 2016 New York Future 50 winners,[28] a program that recognizes 50 of the region’s fastest growing, mid-sized companies.[29]

The Muse was a finalist in The Wall Street Journal "Startup of the Year" competition in Fall 2013.[17]

Kathryn Minshew, Alex Cavoulacos, and Melissa McCreery were number 59 on Business Insider’s 2012 Silicon Alley 100.[30] Minshew and Cavoulacos made the list again as number 85 in 2015.[31] As of June 2016, the startup has over 50 million unique visitors annually.[32]

In 2016, the company was ranked #16 on the Deloitte Fast 500 North America list.[33]

See also

References

  1. ↑ "themuse.com Traffic Statistics". Alexa Internet. Amazon.com. July 22, 2017. Retrieved July 24, 2018.
  2. ↑ About the Startup: The Muse – WSJ Startup of the Year 2013, retrieved 2017-01-20
  3. ↑ Maerz, Jennifer (February 19, 2016). "The Muse: Career Help for Millions of Millennials". PCMag. Retrieved January 20, 2017.
  4. ↑ "The Muse Raises $16 Million to Expand Career Ecosystem for Employers and Candidates". Marketwired. June 22, 2016. Retrieved January 5, 2017.
  5. 1 2 Loizos, Connie (June 22, 2016). "The Muse raises $16 million for its next-gen career site". TechCrunch. Retrieved January 20, 2017.
  6. ↑ Rao, Leena (June 22, 2016). "Millennial Career Site The Muse Raises More Cash". Fortune. Retrieved January 20, 2017.
  7. ↑ Samuelson, Kristin (July 16, 2012). "Virtually window-shopping for that next job". Chicago Tribune. Retrieved March 11, 2013.
  8. ↑ Freeman, Kate (July 24, 2012). "Non-Techie Cofounder Learns Code, Builds New Site Feature in 6 Days". Mashable. Retrieved March 11, 2013.
  9. ↑ "Contemplate a better work experience with TheMuse". irismtleung.com. December 24, 2012. Archived from the original on October 10, 2013. Retrieved March 11, 2013.
  10. ↑ Zax, David (April 5, 2012). "Company Muse Makes Your Job Search Less Sucky". Fast Company. Retrieved March 11, 2013.
  11. 1 2 3 "Kathryn Minshew and Alex Cavoulacos – The Muse". YC Female Founder Stories. Retrieved January 20, 2017.
  12. ↑ Tsotsis, Alexia (September 6, 2011). "The Daily Muse Wants To Bridge The Gap Between Glamour And The NYTimes". TechCrunch. Retrieved January 20, 2017.
  13. ↑ "Put Your Name In For Y Combinator: Interview With Kathryn Minshew, Founder Of The Daily Muse". Women 2.0. Retrieved 2017-01-20.
  14. ↑ https://www.bizjournals.com/newyork/news/2016/09/09/minshews-manhattan-why-the-muse-ceo-ditched-san.html
  15. ↑ "The Muse Career Site Raises $1.2M". AllThingsD. Retrieved 2017-01-20.
  16. ↑ Gallagher, Billy. "The Daily Muse Expands From A Community For Professional Women To "The Muse," A Career Destination For Everyone". TechCrunch. Retrieved 2017-01-20.
  17. 1 2 "'WSJ Startup of the Year' Finalists Make Their Case". Wall Street Journal. 2013-10-30. ISSN 0099-9660. Retrieved 2017-01-20.
  18. ↑ Tsotsis, Alexia. "Tyra Banks And More Put A Million In The Muse". TechCrunch. Retrieved 2017-01-20.
  19. ↑ Chernova, Yuliya. "Women Power on Display in Career Site The Muse's $10M Round". The Wallstreet Journal (Blog). Retrieved 2017-01-20.
  20. ↑ "The Muse Raises $16 Million To Make Its Career Platform More Personal". Forbes. 22 June 2016. Retrieved 2017-01-20.
  21. 1 2 "Company Muse Makes Your Job Search Less Sucky". Fast Company. 2012-04-05. Retrieved 2017-01-20.
  22. ↑ "The Muse wants to connect millennials with pro career coaches". Fortune. Retrieved 2017-01-20.
  23. ↑ "The Muse Launches New Coaching Services to Help Even More Members Achieve Their Dream Careers". Marketwired. March 17, 2016. Retrieved January 5, 2017.
  24. ↑ Cavoulacos, Alexandra; Minshew, Kathryn (2017-04-25). The New Rules of Work: The Modern Playbook for Navigating Your Career. Place of publication not identified: Crown Business. ISBN 978-0-451-49567-9.
  25. ↑ Loizos, Connie. "The Muse co-founders are writing a book about the new rules of work". TechCrunch. Retrieved 2017-01-20.
  26. 1 2 "2016 Technology Fast 500 award winners". Deloitte United States. Retrieved 2017-01-20.
  27. ↑ "The Muse Ranked Number 16 Fastest Growing Company in North America on Deloitte's 2016 Technology Fast 500(TM)". Marketwired. November 16, 2016. Retrieved January 8, 2016.
  28. ↑ "The Muse". smartceo.com. Retrieved 2017-01-20.
  29. ↑ "Future 50". SmartCEO. Retrieved 2017-01-20.
  30. ↑ Shontell, Alyson (2012-10-26). "2012 Silicon Alley 100: 1-100". Business Insider Australia. Retrieved 2017-01-20.
  31. ↑ "Silicon Alley 100: Meet the most inspiring and influential people in New York tech right now". Business Insider. Retrieved 2017-01-20.
  32. ↑ Konrad, Alex. "The Muse Raises $16 Million To Make Its Career Platform More Personal". Forbes. Retrieved 2017-01-20.
  33. ↑ "2016 Winners by rank" (PDF). Deloitte. Retrieved 14 October 2017.
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