Jive Swings To A Loss, ...

Enterprise software company Jive has just reported fourth quarter results , which represent the company’s first earnings report as a public company. Q4 total revenue came in at $22.5 million, up 53% year-over-year. The company continued to take losses in terms of profit, posting a net loss of $12.7 million for the quarter (GAAP), compared to a net loss of $6.8 million for the same period last year. Non-GAAP net loss for the fourth quarter was $9.1 million, compared to a net loss of $5.7 million for the same period last year. Analysts expected a loss of $0.39 per share and revenue of $21.01 million. Within total revenue, product revenue was $19.2 million for the fourth quarter, an increase of 61% on a year-over-year basis. Professional Services revenue for the fourth quarter was $3.3 million, an increase of 21% on a year-over-year basis. Founded in 2001, Jive has been at the forefront of blending social with enterprise software. Modeled to offer Facebook-like features to enterprises, Jive’s software combines computing with social collaboration to offer fully-featured social networks for businesses. Its suite of applications help businesses collaborate on a variety of tasks, including holding discussions, communication, sharing documents, blogging, running polls, and social networking features and more. CEO Tony Zingale said in a release: “Jive is increasingly being adopted by large global organizations that are investing in social business to change the way work gets done. During the fourth quarter, we had a record number of wins with an annual subscription value of $1 million or greater, and more than doubled the average annual deal size for new relationships during 2011.” The company saw record client billings in the fourth quarter of $36 million, up 40% year-over-year, with 2011 total billings of $104.9 million, up 46% year-over-year. The completion of Jive’s IPO contributes to a $180.6 million cash balance at end of 2011, says the company (the IPO brough Jive $131.4 million in net proceeds). Although the company is still unprofitable, Zingale seemed optimistic when we spoke to him at the time of Jive’s public market debut in December. “We need to break even, then generate positive cash flow and generate a margin that is interesting to shareholders,” he told us. “We will get to profitability at a reasonable timeframe but we have to balance this with investment in the business and growth opportunity in the market.”

Facebook Reveals: Seven...

Do you remember the seventh grade? The first time your new girlfriend hated on your best friend? What about your first kiss? I don’t remember any of that, but the memories came flying back to me after I saw this video. If I had to sum it up in one word I’d call it amazing, mostly because it combines three of my favorite things: confrontations settled over social networks, dramatic reenactments, and tweens’ tendency to talk about matters of the heart as though they understand them. Oh, I should probably tell you what you’re about to look at. This is a dramatization of a real conversation had by seventh graders on Facebook. The video stresses that the script is copied from the Facebook convo “verbatim.” Truth be told, if it was verbatim these actors would be pronouncing words that are misspelled in all kinds of fun ways, but if they did that you wouldn’t be able to understand the true gravity of this heart-wrenching dialogue. The best part of the whole thing is that this group, The NavySealsofComedy , is prepared to make more videos following the exact same premise. Just send your FB convo screenshots to navysealsofcomedy@gmail.com. Grab some tissues (for tears of laughter or nostalgia makes no difference), scroll all the way to the bottom of your Facebook Timeline, and enjoy!

The State of Social Med...

Compete recently released "The State of Social Media: First Edition", which discuses data illustrating how consumers use social media sites. Among the findings in the report is that half of Facebook's active user base signs in every day.

"FB": End of ...

Upon the recent news of an imminent filing by Facebook to (finally) go public, a performance marketer quipped on one of the more prominent forums, "Well, there goes another good site." It was an interesting observation and not in keeping with the mainstream press and...

GetHired Nabs $1.75 Mil...

Paper resumes are — or should be — going out of style. They rarely give employers a complete profile of a potential hire, they’re filled with abbreviated bunches of value-less buzzwords (or in my case, action verbs), and the thought of them makes trees cry. You don’t want to make trees cry, do you? No, you don’t. So many companies are turning to alternative, technological means to find the right candidates for job openings, some using algorithms, ranking systems, SaaS solutions like Taleo’s , and more. In fact, one in six are now finding jobs on social networks . What kind of user generated content is often found posted to social networks? Video. Facebook was, for a time, the number three video site in the U.S. Furthermore, we’re telecommuting more and more frequently, using Skype, Google Hangouts, Facebook video — you name it. Videos are helping startups to explain their products and goals. So, when applied to the hiring process, it would make sense, then, that job videos can enhance the process, for both sides, right? This is the bet being made by a young startup, founded this year and based in Palo Alto, called GetHired . The startup is today launching a video-based, social recruiting platform and job board that is looking to empower job seekers — allowing them to set themselves apart from the competition — by creating video and audio profiles to accompany their resumes. On the flip side of the boardroom table, GetHired believes that its platform will help employers more effectively discover and manage their applicant pools. To help it along in its mission, accompanying the launch of the platform, GetHired is today announcing that it has raised $1.75 million in seed funding from a host of angel investors, including CEO of the Global Environment Fund, Jeffrey Leonard , former CEO of Discovery Communications and the former Under Secretary of State For Public Diplomacy And Affairs, Judith McHale , CEO of LegalZoom.com, John Suh , and Mack Capital CEO, Ralph Mack . With its seed round in tow, GetHired is looking to be the first job board to really focus seriously on video by enabling users to embed video and audio capabilities directly into the platform so that users can replace stale cover letters with more personal, dynamic responses to employers’ pre-screening questions that kick off every hiring process. GetHired thus allows employers to, at no cost, post open positions online in conjunction with existing job boards, ask pre-screening questions for specific postions, and hopefully search for and pre-screen candidates more efficiently, while starting and finishing the interview process online, in realtime. With video, employers can turn a static pile of resumes into real, human candidates. And addressing the same issue StartWire is looking to disrupt , GetHired allows job seekers to access realtime updates on the status of their applications, alerting them when an employer shows interest, all the way through until the opening is filled. Applicants hate when they spend hours filling out job applications, only to never hear back — and because this is a notorious problem — many don’t waste time going overboard on their applications. With video and a more multimedia-focused approach to applications, applicants may just be encouraged to spend that extra time. As for job seekers, GetHired enables them to create a personal video introduction to accompany their resume, or create a public video to use as a form-intro when applying to multiple positions, follow their favorite companies so that they can get updates on any new jobs posted, or upload their interview availability in realtime, so that employers can hop on the early birds — and schedule meetings and interviews in realtime with GetHired’s scheduling features. From video resumes to video interviews, it takes the paper resume and phone interview to the next logical step. GetHired has a clear and universal value proposition for both job seekers and employers, and it will be interesting to see if white labels its platform, or turns it into SaaS, though it looks like it’s going to be more of a public-facing Indeed.com with video, at least at the start. Either way, the resume is dead, or at least dying a lengthy, prolonged death, and it’s being replaced by more dynamic approaches to hiring and putting your best foot forward. Employers want to connect with people who are talented, yes, but also who they know they can work with day in and day out. Video is just one piece of the puzzle. It also helps that, at least initially, GetHired is free both for job seekers and employers. However, the company plans to charge employers to post jobs in the future, starting at around $25 a job. The startup’s sizable round of seed funding enables it to launch as a free service, giving it latitude and some time to scale and attract employers and job seekers. Once it does so, no doubt we’ll see the company’s revenue streams come into play, starting with charging for job postings. As with so many other startups grabbing early funding, GetHired will use its seed round to ramp up hiring (it currently has 14 employees), specifically of engineers, and going after that essential customer acquisition. Also, worth asking this rhetorical question: Why do so many startups emulate Facebook’s UI? Is that really necessary? For more, check out GetHired at home here .