The highs and lows of our scramble to build the Hatch Exchange during the pandemic
Team update: A lot has happened since this blog - all great things! We’re now in the United States and our new product launched in November 2021, helping teams in fast-growing organizations find and hire their best-fit junior and mid-level talent in Sales, Marketing, Operations, and Customer Success. Try it here for free. This means some of our articles before this date may have product shots that look a little different. That’s all from us, enjoy the blog.
Just as we were getting ready to formally launch Hatch this year, as a digital platform connecting students to meaningful work, news of COVID came through, demonstrating that even the best-laid plans can go awry.
As a startup, this could have easily spelled the end of things for us. But with some quick thinking and positivity, we were able to transform our matching technology and platform to create the Hatch Exchange.
It wasn't all smooth sailing though, and through this process, we've learnt a bunch of lessons that have shaped what Hatch as a product and our team culture looks like moving forward.
Our co-founders Adam and Chaz joined The Australian in a Facebook live as part of Westpac's Remaking Business series to talk about the radical rethink of our business model. Watch the video below to hear more about how the Hatch Exchange unfolded as well as a Q&A session at the end.
Here's what we covered:
- 1:40 What is Hatch?
- 5:10 How we went about rethinking our business model
- 7:55 Aligning our team and tools to our new direction
- 10:05 Creating our remote team culture
- 15:25 Managing the financial part of pivoting our business
- 22:45 Advice for others who may be pivoting
- 25:04 What's next for Hatch - our 2nd pivot! You can find out more here.
Q&A
- 29:38 Strategies for scaling in the early stages of growth
- 33:05 Taking feedback from customers and adapting quickly
- 34:48 Go-to tools to survive when a business is under pressure
- 36:20 Advice for students trying to get internships
- 38:08 Upskilling and reskilling
- 39:52 Coming up with new business ventures
