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The Matchstiq Top 50 - How? What? Why?

What is Matchstiq?

Matchstiq is a career pathways platform that aims to humanise the process of finding a job that you love.

Our mission is to make the career pathways inside Aotearoa’s most innovative companies open and accessible to everyone. Finding a career in tech or in a startup shouldn’t be reserved for those lucky enough to have a network or the ability to network.

We built Matchstiq with the job seeker at the forefront of everything we do and we are only just getting started on that journey. The current experience of wading through lifeless job descriptions and jumping through multiple hoops to even get close to the real picture of what happens behind the curtain of most companies. This needs to change.

With what exists to help people make a career decision, it is little wonder that the overwhelming majority of people feel stuck on their career path and are not engaged in their work.

“..we believe these companies warrant increased visibility given the extraordinary innovation they are leading.”

Why only emerging, high-growth New Zealand startups and tech companies?

Our focus on emerging, high-growth New Zealand tech companies has a few layers. 

Firstly, we believe these companies warrant increased visibility given the extraordinary innovation they are leading. Secondly, it is this cohort of companies that we feel are most likely to lead the necessary change in giving job seekers more transparency. Finally, we have finite capacity on who we can serve as we develop our own scalable solution to the above problem.

To all of the companies that fall outside of the small niche we serve now, hold tight. We have been flattered by the flood of requests to join our ecosystem and have some updates coming that will have us in a better position to serve more people at scale.

“We understand with lists of this nature there is always going to be a healthy dose of subjectivity and bias. Our goal was to lessen that bias as much as we could..”

Transparency into the Matchstiq Top 50

With the above in mind, we created the Top 50 to give people a quick snapshot of the great companies being built in Aotearoa. We found the resources available for people to find our best and brightest startups and tech companies were lacking. 

We understand with lists of this nature there is always going to be a healthy dose of subjectivity and bias. Our goal was to lessen that bias as much as we could in the time we had available and will continue to improve on that for future lists. We appreciate and acknowledge the feedback people have provided, and this will certainly feed into our approach for future lists.

“There has been zero monetisation of this list. No companies were asked for a financial contribution to be included and nor will they ever be.”

Matchstiq Top 50 Q&A

What was the methodology used? 

We asked 18 people embedded in the New Zealand tech ecosystem to contribute a list of their top 50 high-growth startups. Of the 18 requests made, only 6 contributed enough data for us to be comfortable including them. 

Alongside our own list, we then aggregated the contributions solely based on the data provided. Do we personally agree with every company in the top 50? Not necessarily, however that was the point of asking the opinions of others. 

What was the criteria used?

We set four criteria for which we wanted the contributors to rank each company, with job seekers being the list’s primary audience. Those criteria were:

  • Actively hiring/growing - are they currently expanding their team or planning to in the near future
  • High growth potential - do they have potential to become the next Kiwi unicorn and beyond
  • Contribution to the future - are they actively contributing to growing a thriving and diverse funnel of future talent
  • Mission and purpose - how innovative are they in their field and do they have a strong mission or purpose

How were the contributors chosen?

We asked a wide variety of people to contribute their take. This was not an official judging panel. The contributors were simply asked to make their best effort based on the above criteria in the time they had available. 

They were not paid to contribute and we were impressed at the objectivity shown. Examples of that objectively were demonstrated by many companies outside of the investors portfolio ranking high on their lists.

Did people pay to be on the list?

There has been zero monetisation of this list. No companies were asked for a financial contribution to be included and nor will they ever be. This list is made to help job seekers. Having people pay to be a part would defeat the purpose and integrity of the list entirely.

Why are the rankings not shown?

The list has been published in alphabetical order. We did not deem it necessary or productive to include the ranking at this point in time.

Isn’t it biased to only have investors contribute?

There will always be inherent subjectivity and bias. This will be improved by a bigger data set next year. 

We are comfortable that we had a broad enough range of contributors from the investor community to provide balance. 

The investors that did contribute have a good reputation based on our own dealings and research. They also place a high emphasis on company culture when making their investment decisions. 

Looking ahead

In summary, the overwhelming feedback we have had from job seekers is that the list has been immeasurably helpful and long overdue. This is what it is all about, folks. We are excited to use this as a foundation for a more in-depth version in the future, including a wider variety of contributors. 

For the companies that didn’t make the list but feel they fit our current criteria, please drop us a line.

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