Alphasights is one of the larger expert networks. It was founded in 2008 and became one of the first firms to successfully reduce GLG’s market dominance. The founders had a background in consulting with McKinsey and BCG.
When Alphasights started out, GLG was dependent on its traditional static network. Experts were recruited proactively, on fairs and from telephone directories. Onboarding an expert was time-consuming and complex. Alphasights, lacking a database of experts, began recruiting experts directly for live projects. To enable this, they sped up the onboarding of experts, with modern tech tools and user-friendly interfaces. This business model’s success was supported by the even faster growth of LinkedIn. Today, the company combines a large database with custom recruiting.