1-Page Explained

1-Page
Logo Alt:1-Page Logo
Type:Public company
Hq Location:Perth, Western Australia
Key People:Peter Kent (CEO), Joanna Riley (President, Founder and Executive Director)
Industry:HR Tech
Products:1-Page SOURCE - Talent Sourcing Platform
1-Page Assessment Platform
Foundation:November 2011
Defunct:March 2017

1-Page 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 USD 3m 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 USD 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. 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:

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 $49 million 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]

External links

Notes and References

  1. News: Reingold. Jennifer. One woman's unlikely path to a $100 million company. 2 January 2015. Fortune. 12 December 2014.
  2. News: Boreham. Tim. Triple-digit gains, a few saves and a lot of losses. 2 January 2015. The Australian. 3 January 2015.
  3. News: Rose. Sally. Silicon Valley start-up 1-Page surges on ASX debut. 1 January 2015. Australian Financial Review. 16 October 2014.
  4. News: Rogers. Kate. Looking Beyond a Candidate's 'One Page' When Hiring. 1 January 2015. Fox Business. 12 June 2014.
  5. Web site: Silicon Valley start-up 1-Page surges on ASX debut. 15 October 2014.
  6. Web site: Rise and fall of 1-Page, down 90 per cent in nine months. 27 June 2016.
  7. Web site: Why the 1-Page Ltd share price has crashed in 2016. April 2016.
  8. Web site: The Resume is Dead - The One-Page Company Announces Resume Alternative, the 1-Page Job Proposal Tool. 28 June 2011. Business Wire. 1 January 2015.
  9. Web site: The One-Page Proposal. HarperCollins. 1 January 2015.
  10. Web site: About the company. Official website. 1 January 2015. https://web.archive.org/web/20150102173536/http://www.1-page.com/about-us. 2015-01-02. dead.
  11. News: Heber. Alex. The Trend Continues: Another Tech Startup, 1-Page, Lists On The ASX In A Reverse Takeover. https://web.archive.org/web/20140525012302/http://www.businessinsider.com.au/the-trend-continues-another-tech-startup-1-page-lists-on-the-asx-in-a-reverse-takeover-2014-5. dead. 25 May 2014. 1 January 2015. Business Insider. 22 May 2014.
  12. News: 1-Page Company Inc. set to begin life on ASX. 1 January 2015. Proactive Investors. 13 October 2014.
  13. https://announcements.asx.com.au/asxpdf/20180731/pdf/43wz61k6d9md35.pdf Company seeks to delist from Australian Securities Exchange
  14. https://announcements.asx.com.au/asxpdf/20180913/pdf/43y9bbw9hp38xn.pdf 1-Page Limited - Removal from Official List
  15. Web site: Wallace. Tracey. This Resume Alternative Could Land You Your Dream Job. Mashable. 1 January 2015. 29 December 2013.
  16. News: 1-Page Limited (ASX:1PG) adds one of America's leading hospitality. 2 January 2015. The Age. 30 December 2014. https://web.archive.org/web/20150102173538/http://media.theage.com.au/business/company-reports/1page-signs-destination-hotels--resorts-6126911.html. 2015-01-02. dead.
  17. News: 1-Page signs Destination Hotels & Resorts. 8 January 2015. Finance News Network. 30 December 2014.
  18. Web site: Innovation is Best Way to Establish Competitive Hiring Advantage. Blogging4Jobs. 8 January 2015.
  19. Web site: 5 STEPS TO GENERATE INCREMENTAL REVENUES IN 2015 THROUGH INNOVATION CHALLENGES. blog.1-page.com. 8 January 2015. https://web.archive.org/web/20150108222903/http://blog.1-page.com/5-steps-to-generate-incremental-revenues-in-2015-through-innovation-challenges. 2015-01-08. dead.
  20. News: Lee. Thomas. Rather than rely on VCs, startup goes public in Australia. 1 January 2015. San Francisco Chronicle. 26 November 2014.
  21. News: Lunden. Ingrid. As BranchOut Team Goes To Hearst, 1-Page Buys BranchOut's Assets For $5.4 M In Cash And Shares. 1 January 2015. TechCrunch. 18 November 2014.

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