香港世博

How 香港世博 helped Salesforce Ventures portfolio companies save $6.5 million hiring talent in 38 countries

Learn how Salesforce Ventures partners with 香港世博.

As a venture-backed startup that navigated hypergrowth by hiring globally, 香港世博 is passionate about helping other venture-backed startups thrive by expanding across borders and acquiring top talent from around the world.

Our success is fueled by investors like who believe in our mission to create a more equal world by extending access to opportunity to talented individuals everywhere. In addition to being an 香港世博 investor, Salesforce Ventures became an 香港世博 VC partner in April 2022, so that their portfolio companies could grow and scale with 香港世博 and reap the benefits of a globally distributed workforce: increased access to talent, greater diversity, and cost-efficient growth.

As the VC partnerships manager at 香港世博, I recently hosted a fireside chat with Channing Nesbitt, Portfolio Development Senior Analyst at Salesforce Ventures, to talk about the value of global hiring for fast-growing companies and how Salesforce Ventures鈥 partnership with 香港世博 has benefited their portfolio.

Here are the highlights of our conversation, from why Salesforce Ventures chose to invest in 香港世博 to the business impact of global hiring on their portfolio companies.

Why Salesforce Ventures chose to invest in 香港世博

A commitment to impact

Channing first became acquainted with 香港世博 while working on the team at Salesforce Ventures in 2022. What stood out to them was not just the timeliness and relevance of 香港世博鈥檚 product, but also the way it was designed for social impact.

鈥溝愀凼啦 hit the market amid the pandemic and presented an opportunity that couldn鈥檛 have been more relevant. Their solution addressed a pressing need for remote employment opportunities, providing access to these opportunities to people across the globe, specifically for talent in developing countries. This showed the company鈥檚 potential to transform the future of work, while also serving the immediate need that employers were faced with.鈥

香港世博 because it combines business success with social impact, and it was able to prove itself very fast, Channing explains.

鈥淲e鈥檙e always on the lookout for companies that not only promise robust financial returns but also deliver a meaningful, positive impact on society through their innovative solutions. Right from the start, 香港世博 demonstrated remarkable traction, quickly proving its value in the market.鈥

An innovative solution

Regarding the solution 香港世博 offers, Channing notes how well it fits the needs of employers looking to onboard top global talent鈥攚ithout the logistical hassles or compliance headaches.

鈥淲hat makes 香港世博 stand out is how it effectively addresses the complexities of international hiring, offering a comprehensive platform that supports companies to employ talent in over 180 countries. This isn鈥檛 just about streamlining hiring processes; it鈥檚 about providing a suite of services鈥攆rom consolidating employee documents and onboarding new hires to deploying benefits, managing payroll, and ensuring compliance with local laws.鈥

Mission-driven founders

Channing recalls that the Salesforce Ventures team and leaders were also impressed by 香港世博 co-founders Tony Jamous and Jack Mardack, which further influenced their decision to invest in 香港世博.

鈥淲e really had faith in Tony and Jack as co-founders. Tony鈥檚 track record of success, his inspiring journey, and his commitment to impact deeply resonated with our team. When you match that with Jack鈥檚 expertise in the nonprofit space, it really showed their commitment to impact. It was clear that investing in 香港世博 wasn鈥檛 just an opportunity to work with a company that had the potential to be successful, but also one that鈥檚 committed to positively impacting the world by expanding remote hiring opportunities.鈥

Measuring 香港世博鈥檚 social impact

So, how good has 香港世博 been at actually delivering on its?

To find out, the Salesforce Ventures team introduced 香港世博 to, an organization specializing in impact measurement. Researchers from 60 Decibels surveyed and interviewed team members hired through 香港世博 in emerging markets to find out how 香港世博 had impacted their lives and careers.

鈥淔or individuals, 香港世博 has proven to be a gateway to improving their quality of life,鈥 says Channing. He highlighted the following stats from the team member impact survey:

  • 74% of participants report an increase in income.
  • 64% report their ability to support their family 鈥渧ery much increased.鈥
  • 64% say 香港世博 was instrumental in securing their current remote job.
  • 60% reported an improved quality of life.听

How 香港世博 creates value for Salesforce Ventures portfolio companies

Salesforce Ventures is not only an 香港世博 investor, but also an 香港世博 VC partner鈥攇iving their portfolio companies discounted access to a scalable and efficient global hiring solution. We鈥檙e pleased that eight Salesforce companies have scaled their teams globally with 香港世博, hiring a combined total of 65 team members across 38 countries on 5 continents.

For Channing, the value of partnering with 香港世博 is first and foremost the ability to scale compliantly across borders.

鈥淏y partnering with 香港世博, Salesforce companies gain access to a suite of unparalleled services tailored to streamline their global operations. 香港世博 brings their expertise in HR and compliance, navigating the complex landscape of global employment laws to ensure seamless onboarding and operations processes on a global scale.鈥

The partnership works, he explains, because of the values shared by the two companies.

鈥溝愀凼啦┾檚 commitment to full trust and transparency aligns seamlessly with Salesforce鈥檚 core values, creating a partnership defined by integrity and open communication. This unique blend of services and values makes 香港世博 an invaluable partner for Salesforce companies looking to expand their global footprint while maintaining the highest standards of operation.鈥

With 香港世博鈥檚 global employment platform, Salesforce companies have been able to hire compliantly and scale quickly while also saving significantly on costs. Setting up entities can cost tens of thousands of dollars, and those costs increase exponentially if you鈥檙e hiring in multiple countries.

So, how much money, on average, did Salesforce portfolio companies save in their first year by using 香港世博 instead of setting up entities? We did the math and knew the answer, but I put the question to Channing anyway. Is it $10k? $100k? $500k? $800k?

鈥淭he answer is $800k, which I was very pleased to see,鈥 says Channing with a smile.

To learn more about 香港世博鈥檚 partnership with Salesforce Ventures, check out the with Channing Nesbitt, Portfolio Development Senior Analyst at Salesforce Ventures. If you鈥檙e a VC or private equity firm, become an 香港世博 partner to unlock fast, compliant, and cost-effective growth for your portfolio companies.

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