Toptal advertises a 3% acceptance rate because its true 1% sounded fake
Benjamin Lauzier · How marketplaces win: Liquidity, growth levers, quality, more | Benjamin Lauzier (Lyft, Thumbtack) · Sep 29, 2024 · at 41:24
Benjamin Lauzier, former VP of Product and Growth at Thumbtack, discusses Toptal's stringent quality vetting model with host Lenny Rachitsky on Lenny's Podcast.
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“There's, they advertise something like maybe like a three percent you know, sort of pass rate for their talent, so they only, like, on board, like, three percent of the people who apply, and allegedly their actual pass rate is even lower than that, but they thought that if they actually advertised the actual number, it would sound fake and so they actually, like, they actually say three percent because, like, one percent would sound, like, too ridiculous, and it would discredit, sort of, like their talent”
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