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1-Page

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1-Page
Company typePublic company
ASX: 1PG
IndustryHR Tech
FoundedNovember 2011
DefunctMarch 2017
HeadquartersPerth, Western Australia
Key people
Peter Kent (CEO), Joanna Riley (President, Founder and Executive Director)
Products1-Page SOURCE - Talent Sourcing Platform
1-Page Assessment Platform
Websitewww.1-page.com

1-Page (ASX: 1PG) was a company that developed and marketed software products for human resources departments to support them in sourcing and qualifying job candidates, as well as in engaging their current workforce.[1] 1-Page Limited is the first Silicon Valley company[2] to list on the Australian Securities Exchange (ASX).[3] San Francisco–based, 1-Page was founded in 2011, and received its first venture capital funding in 2012. Before going public on the ASX in October 2014, the company had raised USD 3 million in venture capital funds.[4]

Since the public offering, the company lost more than 96% of its value, slipping to less than 20¢ AUD per share.[5][6] The Motley Fool described the crash as "what happens when companies spend heavily and can't generate sales."[7]

History

In 2002, Patrick G. Riley published The One-Page Proposal which described how the founder succeeded in helping businesses around the world using one-page proposals.[8][9] In 2011, Patrick G. Riley and Joanna Weidenmiller co-founded 1-Page based on the approach and founding principles of the book.[10]

Between 2012 and 2013 the company raised $3 million from Silicon Valley–based venture capital funds led by Blumberg Capital as well as Angel investors. In April 2014 the company completed a successful reverse take-over of ASX-listed Intermet Resources,[11] which led to the public listing of 1-Page on the ASX on 15 October. During the IPO roadshow 1-Page raised $8.5M.[12] The company’s shares surged 70 per cent on its first day of trade as investors flocked to the first US tech start-up to list on the ASX.[11] It was delisted from the ASX in September 2018.[13][14]

Products

1-Page’s first launched product was an enterprise assessment platform that enables companies to engage candidates on real-time business challenges to assess their skills.[15][16]

Other 1-Page products are:

  • 1-Page Source, a talent sourcing tool that leverages the 820 million profiles of BranchOut alongside other open web data to automate talent list building and verification for recruiters.
  • 1-Page Innovation, a platform that enables companies to source ideas from within the organization.[17][18][19]

Acquisition

One month after going public, 1-Page announced its first acquisition. The company acquired the professional networking service built on the Facebook platform BranchOut.[20] BranchOut picked up millions of users and $49M in funding on the back of that growth but then the app died when Facebook changed its policies on how apps could make their growth go viral. As part of the deal, 1-Page says it is buying this app and will use it “to create the most powerful employee referral engine for enterprises globally”.[21]

References

  1. ^ Reingold, Jennifer (12 December 2014). "One woman's unlikely path to a $100 million company". Fortune. Retrieved 2 January 2015.
  2. ^ Boreham, Tim (3 January 2015). "Triple-digit gains, a few saves and a lot of losses". The Australian. Retrieved 2 January 2015.
  3. ^ Rose, Sally (16 October 2014). "Silicon Valley start-up 1-Page surges on ASX debut". Australian Financial Review. Retrieved 1 January 2015.
  4. ^ Rogers, Kate (12 June 2014). "Looking Beyond a Candidate's 'One Page' When Hiring". Fox Business. Retrieved 1 January 2015.
  5. ^ "Silicon Valley start-up 1-Page surges on ASX debut". 15 October 2014.
  6. ^ "Rise and fall of 1-Page, down 90 per cent in nine months". 27 June 2016.
  7. ^ "Why the 1-Page Ltd share price has crashed in 2016". April 2016.
  8. ^ "The Resume is Dead - The One-Page Company Announces Resume Alternative, the 1-Page Job Proposal Tool". Business Wire. 28 June 2011. Retrieved 1 January 2015.
  9. ^ "The One-Page Proposal". HarperCollins. Retrieved 1 January 2015.
  10. ^ "About the company". Official website. Archived from the original on 2 January 2015. Retrieved 1 January 2015.
  11. ^ a b Heber, Alex (22 May 2014). "The Trend Continues: Another Tech Startup, 1-Page, Lists On The ASX In A Reverse Takeover". Business Insider. Archived from the original on 25 May 2014. Retrieved 1 January 2015.
  12. ^ "1-Page Company Inc. set to begin life on ASX". Proactive Investors. 13 October 2014. Retrieved 1 January 2015.
  13. ^ Company seeks to delist from Australian Securities Exchange 1-Page 31 July 2018
  14. ^ 1-Page Limited - Removal from Official List Australian Securities Exchange 23 September 2018
  15. ^ Wallace, Tracey (29 December 2013). "This Resume Alternative Could Land You Your Dream Job". Mashable. Retrieved 1 January 2015.
  16. ^ "1-Page Limited (ASX:1PG) adds one of America's leading hospitality". The Age. 30 December 2014. Archived from the original on 2 January 2015. Retrieved 2 January 2015.
  17. ^ "1-Page signs Destination Hotels & Resorts". Finance News Network. 30 December 2014. Retrieved 8 January 2015.
  18. ^ "Innovation is Best Way to Establish Competitive Hiring Advantage". Blogging4Jobs. Retrieved 8 January 2015.
  19. ^ "5 STEPS TO GENERATE INCREMENTAL REVENUES IN 2015 THROUGH INNOVATION CHALLENGES". blog.1-page.com. Archived from the original on 8 January 2015. Retrieved 8 January 2015.
  20. ^ Lee, Thomas (26 November 2014). "Rather than rely on VCs, startup goes public in Australia". San Francisco Chronicle. Retrieved 1 January 2015.
  21. ^ Lunden, Ingrid (18 November 2014). "As BranchOut Team Goes To Hearst, 1-Page Buys BranchOut's Assets For $5.4 M In Cash And Shares". TechCrunch. Retrieved 1 January 2015.
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