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I've heard that the actual business model behind theladders is that they sell access to companies to see / search the database.

Here's one of their internal sales presentations (to corporations):

http://www.slideshare.net/uptheladders/theladders

Due to the monthly subscription fee they've gotten candidates that self-select out of the junk that you find on HotJobs, CareerBuilders, Monster, etc.

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Most job sites do this, including LinkedIn, Dice, Monster, etc., and they charge a lot for it. $1,000/month to start in the case of Dice and about half that for a limited search on LinkedIn. Makes sense from a recruiting standpoint in one sense--if the candidates are truly $100K+ material--but my suspicion in this case is that candidates are more likely folks who want to make $100K+, think there may be an easy way to do it, and are willing to pay for it.

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