FaceContact, a new UK startup which has a tool to track and reward referrals for job candidates, clients, investors and just about any other defined “prospect”, has gone live with its public beta site.
It’s incredibly complicated to track where an original referral came from. FaceContact is set up to try and crack this problem, and incentivise people to make referrals. It turns out it’s pretty simple to do this: just offer money! So long as everyone trusts the tracking system, in theory everyone wins.
FaceContact allows you to offer a cash reward to your contacts or anyone else who makes a successful referral that results in your making a new engagement. This could mean finding a new employee, service provider, client, investor, or anyone else. Even funding for a startup.
You can automatically upload your contacts from almost any address book (Outlook, LinkedIn, webmail, Gmail, Yahoo, CSV files etc) then invite contacts. You use the dashboard to select the most interesting proposals. FaceContact updates prospects and referrals on the status of their applications, proposals, and inquiries . You can also publish your engagement announcements on the FaceContact board for free. It’s also possible to control the number of degrees of separation you want to use.
FaceContact was one of the finalist of the Seedcamp competition for EU startups organised by Index Ventures, Benchmark Capital, Atomico, DFJ Esprit, 3i, The Accelerator Group, Atlas Ventures, Partech International, Accel Partners, Highland Capital Partners, Wellington Partners and Advent Ventures.