CEO of SnagAJob.com wins national entrepreneur award
- June 1, 2008
Richmond entrepreneur Shawn Boyer had high hopes for SnagAJob.com when he started the Richmond-based company in 1999, but he was surprised when the venture led him to the White House.
Boyer, 36, isn’t running for office, but he recently was recognized by President Bush as the Small Business Administration’s National Small Business Person of the Year. “It was totally surreal,” says Boyer, a former transactional attorney.
SnagAJob.com is an online job search company that helps employers and hourly workers find each other. Boyer recognized the need for such a service after a friend asked him to help find a summer internship online.
The niche that he discovered in the $11 billion online recruitment market has enabled SnagAJob.com to take off and grow rapidly. The company, which has 112 employees, realized an 88 percent compounded annual growth rate during the past five years. The company is set to expand to Canada next year and to Western Europe and Asia by the end of 2010.
“It’s all very exciting but very humbling, because while I believed that this would be successful, I don’t think I ever appreciated the impact we were going to have on job seekers and employers,” Boyer says. “We hear these awesome stories all the time about how the site has helped the lives of job seekers or improved the way small-business owners run their business. That’s really the best part.”
Not all hires can be tracked, but of those that can, SnagAJob.com expects to match 470,000 people with jobs this year. Since 1999, more than 9 million job seekers have registered with the site.