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Company Brief: Job.com (My Job Matcher, Inc.)

Company Brief: Job.com (My Job Matcher, Inc.)

TL;DR

  • Job.com, the AI-recruitment rollup built on a premium domain, collapsed into Chapter 11 bankruptcy on July 6, 2025: per CEO Robert J. Corliss's First-Day Declaration (Dkt. 13), "the Debtors had revenue exceeding approximately 100millionintheyearendingDecember2022,revenuefortheyearendingDecember2024wasapproximately100 million in the year ending December 2022, revenue for the year ending December 2024 was approximately 33 million and they are projecting 2025 fiscal year revenue of 15million,"anditsassetsweresoldinOctober2025viaa15 million," and its assets were sold in October 2025 via a 35 million credit bid to an entity controlled by its own secured lenders.
  • Co-founded as MyJobMatcher in 2011 by Britons Paul Sloyan (CEO/Chairman) and Arran Stewart (Chief Visionary Officer), the company acquired the job.com domain and business in 2017 and pivoted through three identities: blockchain "Recruitment 3.0," AI-matching platform, and a debt-funded staffing rollup that bought at least eight firms.
  • The founders lost control in May 2025 when lenders (Serengeti and Ghost Tree affiliates) exercised a stock pledge over the UK parent's equity and installed restructuring CEO Robert J. Corliss; unsecured creditors, including Indeed (218,064.90)andBullhorn(218,064.90) and Bullhorn (185,076.87), face an estimated 0% to 3% recovery, and the brand now operates under lender-affiliated ownership (Job.com, LLC).

Key Findings

A premium domain wrapped around a serially reinvented business. Job.com the domain dates to a job board founded in 2001 by Brian Algin. The current company is legally My Job Matcher, Inc., founded in 2011 in the UK as MyJobMatcher by Paul Sloyan and Arran Stewart. They acquired the job.com domain and business in September 2017 (Crunchbase dates the transaction October 12, 2017, as a cash-and-stock deal) and rebranded around it. The purchase price was never publicly disclosed; Stewart called job.com "arguably... the most expensive domain name in the world" but declined on-record to reveal "the size of the cheque that we wrote."

Three pivots in seven years. The company launched publicly as a blockchain-based recruiting platform in early 2018, promising to cut recruiter fees from 20% to 6% and redistribute 80% of that fee to the new hire as a signing bonus, and it planned a JOBS token ICO priced at 0.065.Thatmodelfadedwiththecryptowinter.Itrepositionedasan"AIpowered,datadriven"recruitmentplatformandthenexecutedadebtfundedacquisitionrollupoftraditionalstaffingfirmsfrom2020to2022.By2025itswebsitebilleditas"theworldsfirstAIdrivenvideobasedOSforhiring"targetingthe"0.065. That model faded with the crypto winter. It repositioned as an "AI-powered, data-driven" recruitment platform and then executed a debt-funded acquisition rollup of traditional staffing firms from 2020 to 2022. By 2025 its website billed it as "the world's first AI driven video-based OS for hiring" targeting the "650B global staffing industry."

Money in, money out. Job.com's growth was financed largely by debt rather than classic venture equity. Named capital partners included SOJA Ventures and Serengeti Asset Management, plus a November 2022 IP-backed growth financing led by Serengeti and Ghost Tree Partners. Per the November 29, 2022 PR Newswire release, CEO Paul Sloyan said "We are delighted to have Serengeti and Ghost Tree as capital partners"; Job.com "secured an undisclosed investment from two New York and California-based financial institutions, Serengeti Asset Management and Ghost Tree Partners," building on earlier SOJA Ventures/Serengeti financing that funded the June 2022 PrincetonOne acquisition. Stewart's Staffing Industry Analysts "40 Under 40" bio (2023) states the company "raised an impressive 46millioninfunding"andgrewrevenue"from46 million in funding" and grew revenue "from 46 million to a remarkable 109million,"withgrossprofitrising"from109 million," with gross profit rising "from 13 million to an astounding 39million."A2022Acurisinterviewcited"39 million." A 2022 Acuris interview cited "160 million in run-rate revenue."

The collapse. A 2022 credit agreement, with Ankura Trust Company as administrative agent and three secured lenders (Serengeti Multi-Series Master LLC-Series ARR, GT Partners Private Credit Finance LLC, GT Monterey Cypress Finance LLC), left the company owing more than 42million.UKparentMJMTechhadpledgeditsentireequitystakeinJob.comascollateral.Afterdefaultsbeginningin2023andaNovember2023forbearancethatlapsedJanuary31,2024,thelendersexercisedthepledgeinMay2025,removingSloyanandStewartfromtheboardandinstallingRobertJ.CorlissasCEOonMay7,2025.MyJobMatcherandsevenaffiliatesfiledChapter11inDelawareonJuly6,2025.Law360("AIDrivenJob.comFilesCh.11WithAlmost42 million. UK parent MJM Tech had pledged its entire equity stake in Job.com as collateral. After defaults beginning in 2023 and a November 2023 forbearance that lapsed January 31, 2024, the lenders exercised the pledge in May 2025, removing Sloyan and Stewart from the board and installing Robert J. Corliss as CEO on May 7, 2025. My Job Matcher and seven affiliates filed Chapter 11 in Delaware on July 6, 2025. Law360 ("AI-Driven Job.com Files Ch. 11 With Almost 67M Of Debt") confirms the company listed over 66millioninliabilities;thecapitalstackwasabout66 million in liabilities; the capital stack was about 42.2 million in first-lien term loans administered by Ankura Trust Company plus approximately $20 million in trade and other unsecured claims (ElevenFlo, citing Corliss Declaration Dkt. 13).

Details

1. Founding and Corporate History

  • Domain origin: Job.com was founded in 2001 as a job board by Brian Algin, reaching notable success around 2009-2010 before losing ground to Indeed, Glassdoor and others.
  • Operating company: My Job Matcher, Inc. (dba Job.com), founded 2011 in the UK as MyJobMatcher by Paul Sloyan and Arran Stewart. The UK parent is MJM Tech Ltd. Related early properties included ActiveHire and ZillionResumes.
  • Domain acquisition: Completed September 2017 (Crunchbase: October 12, 2017), cash and stock; price never disclosed. Stewart relocated to Austin, Texas upon the acquisition.
  • Rebrands: MyJobMatcher (2011) to Job.com (2017); positioned as blockchain platform (2018), then AI staffing rollup (2020-2022).
  • Headquarters: Austin, Texas through the growth years; by the bankruptcy the debtors' service address was 1743 Sidewinder Drive, 1st Floor, Park City, Utah 84060.
  • Legal entities in the bankruptcy: My Job Matcher, Inc.; Job.com-HV, Inc.; Job.com-Fortus, Inc.; Job.com-Endevis, Inc.; Job.com-QCI, Inc.; Princeton One-Job.com, Inc.; Princeton Search LLC.
  • Outcome: October 2025 Section 363 sale via a 35millioncreditbidtoJob.comAcquisitionCo.LLC(nowJob.com,LLC),avehicleaffiliatedwiththesecuredlenders.PerJobBoardDoctor(May22,2026),"The35 million credit bid to Job.com Acquisition Co. LLC (now Job.com, LLC), a vehicle affiliated with the secured lenders. Per Job Board Doctor (May 22, 2026), "The 35 million credit-bid sale to Jobs Acquisition Co. LLC... closed October 7, 2025 (ECF 302). Because the secured debt exceeded $42 million, the company was sold for less than it owed its lenders"; the September 23, 2025 auction was cancelled after no competing bids emerged (ElevenFlo). Plan of liquidation confirmed by cramdown January 23, 2026; effective date January 30, 2026, establishing a liquidating trust.

2. Funding, Valuation, and Financials

DateRound / InstrumentAmountInvestors / LendersNotes
2015UK early backingUndisclosedFalcon CapitalBacked MyJobMatcher
2018JOBS token ICO (planned)Target undisclosedRetail token buyers$0.065/token; largely unrealized
June 2022Acquisition financingUndisclosedSOJA Ventures, SerengetiFunded PrincetonOne deal
Nov 29, 2022IP-backed growth financingUndisclosedSerengeti Asset Management, Ghost Tree Partners (leads); Alpha Sigma Capital, SOJA Ventures citedSole documented "round" on Crunchbase/Tracxn
2022Secured credit agreement$42M+ owed at petitionSerengeti Multi-Series Master LLC-Series ARR, GT Partners Private Credit Finance LLC, GT Monterey Cypress Finance LLC; Ankura Trust (agent)First-lien term loans; MJM Tech equity pledge
July 2025DIP financing9.9M(9.9M (6M new + $3.9M roll-up)Secured lendersTo fund the Chapter 11 case
  • Equity/venture: No traditional priced VC rounds are documented. Crunchbase and Tracxn list a single undisclosed round (November 29, 2022).
  • Reported revenue: ~46Mgrowingto46M growing to 109M (Stewart bio, 2023, self-reported); "160millionrunrate"(Acuris,2022,selfreported);courtverified 160 million run-rate" (Acuris, 2022, self-reported); court-verified ~100M (2022), ~33M(2024),projected 33M (2024), projected ~15M (2025) with Q1 2025 gross revenue ~3.5million.Grossprofitreportedrisingfrom3.5 million. Gross profit reported rising from 13M to $39M.
  • Total capital: Approximately 46millioninequity/investmentpercompanystatements,plus46 million in equity/investment per company statements, plus 42M-plus of secured debt.

3. Acquisitions

  • HireVergence (August 2020): first acquisition, a Tampa, Florida IT/cybersecurity staffing firm founded in 2011; ~80 employees; terms undisclosed.
  • Talenting (February 2021): blockchain talent-management startup founded 2018.
  • Fortus Healthcare Resources and Endevis (August 2021): two staffing firms adding more than $50 million of annual revenue; Fortus (Utica, NY; travel nursing, founded 1993) and Endevis (Ohio/NJ; RPO and contract staffing, founded 2000).
  • QCI Healthcare (closed December 23, 2021): Grand Rapids, Michigan healthcare staffing firm with more than $20 million annual revenue.
  • PrincetonOne (July 26, 2022): New Jersey RPO/permanent recruitment firm founded 2002 by Dave Campeas; ~130 employees, taking Job.com to 300-plus core staff; reportedly generated $18 million in revenue. Later divested; Hueman People Solutions acquired PrincetonOne in June 2024 (all 83 RPO employees transferred).
  • Acquisition of Job.com itself: the October 2025 $35M credit-bid sale to the lender-affiliated Job.com Acquisition Co. LLC (now Job.com, LLC).

4. Key People

NameRoleNotes
Paul SloyanCo-founder, CEO & Chairman25+ years in recruitment; led acquisitions and capital raising; removed from board May 7, 2025
Arran StewartCo-founder & Chief Visionary OfficerUK-born; pioneered blockchain recruitment pitch; Forbes Technology Council and NASDAQ contributor; SIA 40 Under 40 (2023); removed May 7, 2025
Robert J. CorlissRestructuring CEO (from May 7, 2025)CorlissMoore & Associates; signed the Chapter 11 petitions
David MackSole Independent Director (from May 2025)Drivetrain LLC
Jim BradleyCOO (appointed late 2022)Oversaw operating portfolio
Margaux GillmanChief People Officer (late 2022)Prior roles at Vital Farms, Social Solutions
Mark GuestChief Corporate Development OfficerM&A
Cary LevineCTOListed creditor (~$333,000) in the petition
Dave CampeasPresident, RPOFounder of PrincetonOne

Headcount grew to "more than 800 people" by late 2022 per Sloyan.

5. Product Evolution

  • 2001-2017: Traditional job board with tens of millions of registered profiles (60-plus million claimed).
  • 2018: Blockchain "Recruitment 3.0" model with smart contracts, 6% fee vs. 20% industry norm, signing bonuses, and a planned JOBS token ICO ($0.065/token).
  • 2020-2022: AI-matching platform plus staffing rollup; AI-driven matching algorithm to reduce time-to-hire; video-resume partnership with Triller (February 2022) targeting Gen Z and the creator economy.
  • 2024-2025: Positioned as "world's first AI driven video-based OS for hiring," emphasizing the parsing of the roughly 3 billion annual US interviews.

6. Competitive Position

  • Competitors: Indeed, LinkedIn, ZipRecruiter, Glassdoor, Monster, CareerBuilder, and thousands of staffing agencies. Notably, Monster and CareerBuilder themselves filed for bankruptcy weeks before Job.com in 2025, signaling an industry-wide reckoning.
  • Differentiation (claimed): Combining a premium domain, AI/ML matching, and acquired staffing operations with proprietary data.
  • Traffic: Similarweb shows relatively modest traffic dominated by direct visits (about 71% of desktop visits), with Indeed and LinkedIn cited as the most similar sites.
  • Market context: Per Staffing Industry Analysts, healthcare staffing "experienced a decline in market size for the first time since 2010, contracting by 22% in 2023" (US Staffing Industry Forecast: September 2024 Update), and travel nurse revenue among survey participants decreased 37.1% in 2024 (SIA NATHO Travel Nurse Benchmarking Survey, 2025). That contraction directly undercut the healthcare staffing firms at the center of Job.com's rollup.

7. Timeline

DateEvent
2001Job.com job board founded by Brian Algin
2011MyJobMatcher founded (UK) by Sloyan and Stewart
Sept 2017Acquired the job.com domain/business (Crunchbase: Oct 12, 2017); moved to Austin
Jan-Aug 2018Announced blockchain pivot; JOBS token ICO
Aug 2020Acquired HireVergence (first staffing deal)
Feb 2021Acquired Talenting
Aug 2021Acquired Fortus and Endevis (+$50M revenue)
Dec 2021Acquired QCI Healthcare
Feb 2022Triller video-resume partnership
July 2022Acquired PrincetonOne
Nov 2022IP-backed growth financing from Serengeti and Ghost Tree; new COO and CPO
2023Defaults on credit agreement begin; November 2023 forbearance
2024Revenue falls to ~$33M; PrincetonOne divested to Hueman
Feb 2025QCI ceases operations after unpaid wages
May 7, 2025Lenders take control; Corliss installed as CEO
July 6, 2025Chapter 11 filed in Delaware (~$66M+ liabilities)
Oct 7, 2025$35M credit-bid sale to lender affiliate closes
Jan 23, 2026Liquidation plan confirmed by cramdown
Jan 30, 2026Effective date; liquidating trust established

Assessment

You are looking at a cautionary tale of financial engineering outrunning operational reality. Job.com's core assets, a memorable domain and a proprietary AI/matching narrative, were real, but the company financed a staffing rollup with more than 42millionofsecureddebtjustasitslargesttargetmarket,healthcarestaffing,enteredahistoriccontraction(down2242 million of secured debt just as its largest target market, healthcare staffing, entered a historic contraction (down 22% in 2023, with travel nurse revenue down 37.1% in 2024). The result was an 85% revenue collapse (from ~100M in 2022 to a projected ~$15M in 2025, per the Corliss Declaration) that made the debt unserviceable.

Strengths: A rare category-defining domain; multiple acquired staffing brands with real client relationships; an AI/video-hiring positioning aligned with market direction.

What was lost: The founders lost control of their own company via the equity pledge; unsecured creditors (including Indeed at 218,064.90andBullhornat218,064.90 and Bullhorn at 185,076.87) face an estimated 0% to 3% recovery drawn from a $500,000 escrow, as the business sold for less than its secured debt; equity holders were wiped out.

Risks and open questions: The brand now operates under lender-affiliated ownership (Job.com, LLC); it is unclear whether the new owners will invest in the platform or merely monetize the domain. A liquidating trust may pursue claims against former officers and directors, with the clock running through roughly July 2027, and at least one lawsuit (Takefman v. Corliss) alleges the company's software ownership was misrepresented to the court.

Recommendations

  • Treat Job.com as a distressed/legacy asset, not a going venture concern. Any partnership, vendor, or investment thesis should assume the pre-2025 company is defunct and diligence the new Job.com, LLC ownership directly.
  • If you are a creditor or counterparty, monitor the liquidating trust docket (Delaware, case 25-11282) for avoidance actions through mid-2027; recovery expectations for unsecured claims should be anchored to the 0% to 3% band, not face value.
  • If you are evaluating the domain/brand as an acquisition or partnership target, benchmark against current Similarweb traffic and confirm which software assets actually transferred in the Section 363 sale, given the pending ownership dispute in Takefman v. Corliss.
  • Trigger to revisit: evidence of fresh capital investment, a genuine relaunch of the platform, or resolution of the software-ownership litigation would move the assessment from "wind-down/monetization" toward "possible turnaround."

Caveats

  • Revenue figures of 109Mandthe109M and the 160M run-rate are self-reported/promotional (Stewart's bio and an interview); the court-filing figures of ~100M(2022), 100M (2022), ~33M (2024) and ~$15M (2025 projected) are more reliable.
  • The domain acquisition price has never been publicly disclosed; no specific figure should be relied upon.
  • The sale close date is reported as either October 3 (ElevenFlo) or October 7, 2025 (Job Board Doctor, citing ECF 302); the docket-cited October 7 date is preferred.
  • Total liabilities are variously cited as "almost 67million,""over67 million," "over 66 million," and (in earlier summaries) "50millionto50 million to 100 million" in the petition's estimate band.
  • This brief concerns only the company at job.com (My Job Matcher, Inc.), distinct from jobs.com (Monster lineage) and unrelated regional job boards.