Hackermeter
Hackermeter operates a Website where developers take code challenges.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
Hackermeter emerged in 2013 as a platform designed to overhaul the technical recruiting process. Founded by Lucas Baker and Frost Li, the company was a participant in the Summer 2013 batch of the Y Combinator accelerator program. This endeavor secured $120,000 in a seed funding round from Y Combinator on August 13, 2013.
The core of Hackermeter's business was to replace traditional resume screening with practical code challenges. It provided a platform where software developers could build a portfolio by completing a series of coding tests. These challenges were graded based on the efficiency of the code, offering a quantifiable measure of a candidate's skills. The platform's offering was aimed at companies seeking to hire skilled developers, providing them with a pool of pre-vetted candidates and tools to assess their abilities. A distinctive feature allowed potential employers to playback a candidate's coding process keystroke-by-keystroke, offering deeper insight into their problem-solving approach.
The company's business model centered on matching these qualified developers with companies automatically based on their demonstrated skill sets. At the time of its acquisition, Hackermeter had 15 companies actively using the platform, with a waiting list of over 60 more. Despite this early traction, the company's journey as an independent entity was short-lived. Just two months after its public launch, Hackermeter was acquired by Pinterest in October 2013. Following the acquisition, the Hackermeter platform was shut down, and its founders, Lucas Baker and Frost Li, joined Pinterest's engineering team. The transaction is categorized as an "acqui-hire," indicating the primary value for the acquirer was in the talent of the founding team.
Keywords: technical recruiting, code challenges, developer assessment, Y Combinator S13, programming skills test, hiring platform, developer portfolio, coding tests, keystroke playback, acqui-hire, Pinterest acquisition, Lucas Baker, Frost Li, developer screening, engineering talent, code efficiency, pre-vetted candidates, technical hiring, developer matching, coding skill evaluation