Isn't a much better use of VC money than all the ads -- or platforms like Hired, Angelist A-list, etc -- to just, you know, pay candidates directly? What's your cost for a recruiter to get a new candidate? 10% of first year salary of 120K is $12,000.
P.S - whiteboard interviews are also terrible and unpaid.
P.P.S. - "platforms" that whiteboard- e.g. Hired, A-list, etc - are also unpaid and terrible, at scale.
P.P.P.S. I'm not sure what the solution is but I know it has something to do with actually getting to know the PEOPLE you are interviewing. We're all individuals with unique histories. Pay me for an hour or two to tell you my story and you might be surprised at what you learn.