Today was the very first speed job interview arranged by CPHUX. The format was that 3 very interesting startups spoke to many different jobapplicants for an available position for 3 minutes (today it was 5 minutes) each after having done a presentation of their company and what they were looking for. Here is my sketchnote from their short brief before the Speed job interviews themselves.
This is a brilliant way for companies to get a great sense of how potential applicants will fit with the company before spending a lot of time looking at resumes. The idea is that each of the companies are calling back interesting potential candidates for a second more in depth interview.
From my point of view as a potential job applicant, this really gives me an opportunity to practice doing job interviews as well as get a quick real feel for the company. The setting with a big meeting room for potential applicants to socialize and network while waiting for their turn, and 3 rooms for simultaneous speed interviews worked really well as far as I could tell.
I would much rather go to several of speed interviews like these each week, than spend hours and hours on cover letter that might never get read.