Riviera Clients Represent the “Next Big Thing”

At Riviera Partners, we take great pride in helping our clients reach their potential. In fact, we believe our success hinges on theirs, which is why we’re excited to see several of our emerging growth clients featured on The Wall Street Journal’s “Next Big Thing” list.

The list ranks the top 50 U.S. companies back by venture capital, out of more than 5,900 contenders. Key criteria for ranked companies include fundraising success, recent growth in company value, and leadership track record, as well as knowledge of the startups’ products, competition, and financial performance.

We’re pleased to see that the following Riviera Partners are included on the list (with their ranking in parentheses):

Congratulations to these companies. All of us here at Riviera wish you continued growth and success in becoming the “Next Big Thing.”

The Lehman Hangover, 4 Years Later

Managing Partner Michael A. Morell had a conversation with Inc.com Senior Editor, Lindsay Blakely regarding the continued impact that the financial collapse of Lehman Brothers has had on small businesses. As an expert in industry, Michael was asked to comment on the different reasons that software engineers have been leaving Wall Street and the financial sector to pursue opportunities in the startup arena. However, the growing appeal of landing a job at hot startups like Pinterest, Twitter, Tumblr, Foursquare and the like are only increasing the demand to  secure top engineering talent.

(Inc.) - Four years after the collapse of Lehman Brothers, American small businesses are still dealing with the fallout. Inc.'s reporters and editors examine what's changed.

No one thought it could happen. Those who followed Wall Street closely knew, of course, that Treasury Secretary Henry Paulson and Lehman Brothers CEO Dick Fuld had essentially been playing chicken with the bank's future--or so it seemed. But when neither Bank of America nor Barclays purchased the firm, on September 15, 2008, Lehman was forced into what became the largest U.S. Chapter 11 bankruptcy ever, and the Treasury secretary refused to make a loan to keep the bank afloat.

That set off the 2008 financial crisis in earnest, leading to the Great Recession.

Few entrepreneurs, of course, had accounts with Lehman or an investment-banking relationship with the firm. But its collapse still had startling implications for them, affecting everything from their ability to access credit to their luck at hiring software developers.

Four years later, here's how the entrepreneurial landscape has changed--all thanks to a big firm that no longer exists.

Read the full story here...

At a Premium: High-Touch, Focused Solution for Scaling Engineering Teams

You’ve raised your capital. You’ve passed proof of concept. And now you’re excitedly entering build mode. But, wait...you need a team of talented engineers to move forward. Where do you turn?

It’s a challenge many emerging companies face. The ability to rapidly scale a top-notch engineering team could be the difference between success and failure. Yet not all organizations have the resources and expertise to effectively recruit the right engineers in the timeframe necessary to build and release their products on time.   Some hire a combination of internal and contingent recruiters to help get the job done.

Managing five to ten contingency firms, however, can be cumbersome and time consuming,  and this approach rarely results in sufficient yield when you need to fill the “top of the funnel,” to achieve scale quickly.  Riviera’s Premium service is an alternative, retained approach for individual contributor-level engineers.

What makes our Premium Service unique? For starters, it’s a client-centric solution that takes your specific business, culture, and goals into account. We provide a focused team led by an engagement manager who works closely with the hiring managers to ensure that all recruiting strategies are aligned. Throughout the relationship, we continue to refine our process and adapt to changes along the way, providing weekly reports to track progress and show results—against mutually agreed upon metrics. In short, it’s a very personal, focused effort around your needs.

Furthermore, we leverage Riviera Partners’ proven tools and technologies to attract a high volume of candidates. Currently, we “touch” approximately 2,000 candidates per month, taking advantage of this flow to identify top-quality candidates that meet your criteria. This also enables us to scale our recruiting efforts, whether filling 10 or 40 positions for your organization, with various levels of experience, skill, and competency. Our consistent, integrated approach also helps create synergy among your new hires before they even walk into your door, ensuring the best match for your company.

Riviera Partners’ Premium service emphasizes the “candidate experience”—from initial call through offer acceptance—and work with your hiring managers and other employees to ensure your company is putting its best foot forward to demonstrate why a top engineer should work for your company when deciding between multiple, compelling opportunities.

“It’s a high-touch, collaborative effort and a true partnership between Riviera Partners and our clients,” says Jennifer Holmstrom, Director of Premium Service at Riviera Partners. “We work in close partnership with our clients to deliver the best service and experience for both the company and the candidates.”

Learn more about how Riviera Partners can help your company quickly build a top-notch engineering team.

In-demand Apps Skills: It's All Good

Managing Partner Ali Behnam recently had a conversation with tech blogger Susan Hall to discuss the changing dynamics affecting the infrastructure of today's startups. As a veteran in startup and executive recruiting, Ali shared his insight on a number of hot topics influencing the job market: the growing need to consume and analyze data, current high-demand jobs and their required skill sets (Java, Ruby on Rails, PHP, etc.), as well as his outlook  about how new technologies like cloud computing will affect the future of enterprise software.

(Enterprise Apps Today) - While companies have an especially keen appetite for apps skills related to Big Data, they're hungry for project management and more evergreen skills too.

By a variety of measures, technology is the place to be in this modest economic recovery. In a poll IT job site Dice released in June, 73 percent of IT-focused recruiters and hiring managers said their companies will add more tech staff in 2012's second half. That’s up from 65 percent six months ago when asked about their hiring expectations for the first half of the year.

Demand for skills related to enterprise applications is contributing to healthy IT hiring. Employers are seeking evergreen app skills as well as some newer technologies.

Read the full article...