Insider Q&A: GoodTime CEO Ahryun Moon on automation

Oct 24, 2022, 5:10 AM | Updated: 5:51 am

Ahryun Moon got into programming because she wanted to automate the tedious parts of her job as a financial analyst. She did, becoming an engineer first, then founding GoodTime, a startup that helps businesses schedule job interviews and more, in 2016. Moon spoke with The Associated Press about automation, diversity among startup founders and how the pandemic changed job interviews. The interview has been condensed and edited for clarity.

Q: How did you start GoodTime?

A: I decided to throw accounting and finance behind me and really pursue engineering. For about three years in San Francisco I just decided to create a bunch of websites, web apps, mobile apps and so on. The other founders of GoodTime are engineers too and we decided to go to a bunch of hackathons. The last one we went to, we won and the person giving out the awards was a recruiter. She said in passing that she spends most of her day scheduling interviews, rescheduling interviews, tracking people down when they don’t show up and so on. And I was thinking, “Oh, what if I can automate that for her?” That’s how GoodTime was born.

Q: What kinds of companies use GoodTime and who would you like to see as your audience as you expand?

A: Brand names like Airbnb, Dropbox, Sparks, Shopify, Snap, Salesforce and so on. Right now, I would say early adopter technology companies are using GoodTime but we really want to expand to the rest of the market.

Q: Is there anything you took away from how our use of technology changed or accelerated during the pandemic and how it applies to GoodTime?

A: At the beginning, it was kind of chaotic. No one knew what was going on. But quickly, people, the industry, really adapted to the new mode of working, which is remote interviews — which actually at that time was a foreign concept.

“How can you hire someone that you’ve never met in person?” was typically how people thought. Then that quickly changed. People adapted and GoodTime was really crucial in that a lot of our customers said “Now that interviews are over Zoom and you are not coming into the office, candidates actually want to do the interviews over multiple days instead of all on one day.” So GoodTime can support breaking that down to multiple dates so that it’s catering to the candidates’ needs.

Q: What can you tell us about your experience starting a company as a woman, since women still make up a small fraction of founders? In 2021, companies founded solely by women garnered just 2.4% of the total capital invested in venture-backed startups in the U.S. according to PitchBook.

A: While I was fundraising, I realized there’s a trend that female founders don’t get the same valuation that a male counterpart may get. And it may be because of the way we pitch, the way male founders pitch and so on. The impact of not getting the valuation that you deserve is that if you raise a small amount of money at a lower valuation, then it’s harder to grow at the same rate as male founders can grow their company.

You know, female founders help out other female founders. But if you get the valuation that’s lower than what you really deserve and you still have to raise a certain amount of money to grow the company, then you end up actually selling a lot of your shares. So your portion of the company shrinks really dramatically after each fundraising event. What that means is you cannot do a secondary round, meaning you don’t have any money to actually invest back into the female entrepreneurial community, which creates a negative cycle.

So a lot of male founders actually end up becoming investors, angel investors, because they can get a really high valuation. For female founders I think it’s harder. An investor I know told me that while no one talks about it, there is a female founder discount. If we can fix that, that could really generate a new, larger community of female entrepreneurs.

Q: There’s a lot of talk about automation replacing people’s jobs. Has that been your experience? Do you feel that there are jobs that are in danger because of products that you build?

A: Recently I met with one of our users and she said, “Hey, I was hired as a recruiting coordinator, but I was able to do my job in two hours every day instead of taking the full eight hours. Within two months, they actually promoted me into a recruiter position because I got my job done so fast.” So we see people getting promoted because of the time, and what we automate is the portion that really humans shouldn’t be doing.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

In this photo provided by the North Korean government, North Korean leader Kim Jong Un delivers a s...
Associated Press

UN experts: North Korean hackers stole record virtual assets

UNITED NATIONS (AP) — North Korean hackers working for the government stole record-breaking virtual assets last year estimated to be worth between $630 million and more than $1 billion, U.N. experts said in a new report. The panel of experts said in the wide-ranging report seen Tuesday by The Associated Press that the hackers used […]
23 hours ago
President Joe Biden delivers his State of the Union speech to a joint session of Congress, at the C...
Associated Press

Transcript: Biden’s second State of the Union address

Transcript of President Joe Biden’s second State of the Union address, as prepared for delivery and as provided by the White House: Mr. Speaker. Madam Vice President. Our First Lady and Second Gentleman. Members of Congress and the Cabinet. Leaders of our military. Mr. Chief Justice, Associate Justices, and retired Justices of the Supreme Court. […]
23 hours ago
U.S. President Joe Biden delivers the State of the Union address to a joint session of Congress on ...
Associated Press

President Joe Biden in State of Union attempts to reassure condition of nation

President Joe Biden called on Republicans in his State of the Union speech to work with him to “finish the job” of rebuilding the economy.
23 hours ago
FILE - A CSX freight train sits on a siding in downtown Pittsburgh, Nov. 19, 2022. Several thousand...
Associated Press

In a first, some CSX railroad workers to get paid sick leave

OMAHA, Neb. (AP) — Several thousand workers at CSX will soon get one of the things that pushed the U.S. railroad industry to the brink of a strike last fall: paid sick time. CSX announced a deal Tuesday with two of its 12 unions, becoming the first major railroad to offer that benefit that most […]
23 hours ago
Associated Press

Trudeau says Canadian health care isn’t living up to promise

TORONTO (AP) — Canadian Prime Minister Justin Trudeau said Tuesday that Canada’s health care system isn’t living up to its promise, and he plans to add billions more in funding. Trudeau said wait times in emergency departments have become dangerously long, people are waiting too long for essential surgeries and millions of Canadians are without […]
23 hours ago
Sen. David Parker, R-Olive Branch, presents legislation that would transfer ownership of the water ...
Associated Press

Jackson water system a step closer to getting new owners

JACKSON, Miss. (AP) — Jackson’s troubled water system could be one step closer to getting new owners after legislation passed the state Senate Tuesday. It’s the latest development in a crisis that has left residents of Mississippi’s capital without consistent access to running water and has aggravated divisions between the Democratic-led city and the Republican-controlled […]
23 hours ago

Sponsored Articles

...
Day & Night Air Conditioning, Heating and Plumbing

Prep the plumbing in your home just in time for the holidays

With the holidays approaching, it's important to know when your home is in need of heating and plumbing updates before more guests start to come around.
(Desert Institute for Spine Care photo)...
DESERT INSTITUTE FOR SPINE CARE

Why DISC is world renowned for back and neck pain treatments

Fifty percent of Americans and 90% of people at least 50 years old have some level of degenerative disc disease.
...
Children’s Cancer Network

Children’s Cancer Network celebrates cancer-fighting superheroes, raises funds during September’s Childhood Cancer Awareness Month

Jace Hyduchak was like most other kids in his kindergarten class: He loved to play basketball, dress up like his favorite superheroes and jump as high as his pint-sized body would take him on his backyard trampoline.
Insider Q&A: GoodTime CEO Ahryun Moon on automation