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Magnet.me

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Magnet.me
Magnet.me Logo
Type of businessScaleup
Type of site
Social network service
Available inDutch, English
Founded2012; 12 years ago (2012)
Rotterdam, The Netherlands
Headquarters,
Founder(s)Vincent Karremans
Freek Schouten
Huge de Ruiter
Laurens van Nues
IndustryInternet
URLmagnet.me
RegistrationRequired and free
Users250,000[1]
Current statusActive

Magnet.me is an online service that connects students and young professionals with employers. Over 250,000 students and over 4,500 graduate employers currently use the service. The Rotterdam based scaleup[2] was founded in 2012 by Vincent Karremans, Freek Schouten, Hugo de Ruiter and Laurens van Nues.[3][4]

Concept and features

Magnet.me is a typical two-sided marketplace with on one side students and young professionals, and on the other side employers. Using the platform is free for both sides.

Students and young professionals create a profile with relevant information like study background, work experience, spoken languages, interest and other elements. Consequently, if they then meet the general criteria of an employer, they receive a connect suggestion,[5] or if they meet the criteria of a job or internship, they instantly get pushed the opportunity. Employers can invite students from their own network to apply to jobs and internships and exchange messages via the platform.[6]

Competitive landscape

Magnet.me has been referred to by one source as the “LinkedIn for students”.[7][8] The difference between the two is that Magnet.me only focuses on the graduate recruitment market and is a student-to-employer network, whilst Linkedin is a peer-to-peer network.

Direct competitors of Magnet.me are Graduateland and Wikijob.

Awards and recognition

  • First prize Flex Innovation Fund for most innovative business plan in the HR industry (2013)[9]
  • UK Department of International Trade Investment Award for best new entrant to the United Kingdom (2016)[10]

See also

References

  1. ^ "What is Magnet.me?". magnet.me. Retrieved 2019-01-25.
  2. ^ "The Office: het Rotterdamse penthouse van Magnet.me". Sprout (in Dutch). Retrieved 2017-06-02.
  3. ^ "Cookiewall | Het Financieele Dagblad". fd.nl. Retrieved 2017-06-09.
  4. ^ "Rotterdamse startup Magnet.me haalt €1 miljoen op en noemt Brexit 'Een zege' (interview)". Quote. Retrieved 2017-06-01.
  5. ^ Magazine, Made in Shoreditch. "This New Website Is Changing The Way Students Find Jobs in UK – Made in Shoreditch Magazine". Retrieved 2017-06-20.
  6. ^ "You've been invited to apply!". Magnet.me | Blog. Retrieved 2019-01-25.
  7. ^ "Startup Magnet.me gaat achter LinkedIn aan". Sprout (in Dutch). Retrieved 2017-06-09.
  8. ^ "A better LinkedIn for students: Magnet.me is the new kid in town. - GO-BUSINESS". GO-BUSINESS. 2015-01-16. Retrieved 2017-06-01.
  9. ^ "Finale FlexInnovatieFonds - Magnet.me is de winnaar - FlexNieuws". www.flexnieuws.nl (in Dutch). Retrieved 2017-06-09.
  10. ^ "Brexit schaadt Brits-Nederlandse verhouding (nog) niet" (in Dutch). Retrieved 2017-06-09.