How to Rebuild After a Market Crash and Win Retained Clients, with Harrison Wright

Harrison Wright built his recruitment business to nearly $400,000 in billings within six months.

Then the market turned.

Hiring froze. Searches disappeared. For six months, nothing came in while he was burning $30,000 a month to stay afloat.

Most recruiters would respond by doing more.

More calls. More CVs. More pressure.

He did exactly that.

It didn’t work.

Harrison is the founder of The Blockchain Recruiter, a search firm specialising in crypto and Web3 talent. After the crash, he rebuilt the business around retained search, tighter positioning, and a more deliberate recruitment process.

Today, he runs a retained model with an interview-to-placement ratio of 2.16 to 1 and has won clients worth more than $350,000 in lifetime value through inbound alone. After shifting into institutional crypto, he’s on track for $1.2M to $1.6M in 2025, despite a difficult market.

This conversation gets into what actually changed.

Why he treats recruitment as a sales process. Why he doesn’t pitch the job on the first call. And how doing more work upfront changes what happens at offer stage.

In this episode:

• Why more activity doesn’t fix a broken recruitment model

• How Harrison qualifies candidates before a CV ever gets sent

• The thinking behind a 2.16-to-1 interview-to-placement ratio

• Why he avoids pitching the job early in the process

• How positioning led to higher-value retained clients

• The shift into institutional crypto and why it changed his pipeline

• What most recruiters get wrong about delivery

Episode highlights:

[1:06] From zero to $400K in six months
[1:21] The crash: no revenue and $30K monthly burn
[13:17] The 2.16-to-1 interview-to-placement ratio
[15:14] The 90-minute candidate interview
[21:37] Why pitching first creates problems later
[49:10] The institutional crypto pivot
[1:00:46] What a retained proposal looks like

About Harrison Wright

Harrison Wright is the founder of The Blockchain Recruiter, one of the OG search firms in crypto and Web3. As an avid student of business and the craft of recruiting, Harrison built his business by prioritizing tight positioning, exceptional delivery, and retained client partnerships in a market where most recruiters compete on speed, volume and contingency.

Connect with Harrison

LinkedIn: https://www.linkedin.com/in/harrisonwright
Website: https://theblockchainrecruiter.com

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If your market feels tough right now, this is worth a listen.