6 ms·

Congrats Liz! This is awesome! I like that your company pivoted to a new model. I am in the process of doing this myself. Why do you need so much $$$ for sit

Congrats Liz! This is awesome! I like that your company pivoted to a new model. I am in the process of doing this myself. Why do you need so much $$$ for site that recruites part-time employees? Seems like a big whole to dig yourself out of. Just sayin

gargarplex 11y ago
She is qualified to spend the money to ensure her company dominates the market. There are 20 million college students in the US; if she helps 1 million of them get jobs, then she could position herself to receive at least 10% of their income. 1 million * $10 / hr * 10% = $1 million / working hr.
- tiffanyricks 11y ago
  I understand the world dominion thing and that's every ones goto answer. I am sure it was Secret's answer too but you see how that turned out. Launched in 2013, raised $35M, and closing doors in 2015. I think Campus Job has an awesome business model and definitely qualified. My thought was too much cash... way too soon... for this type of business.
  - gxespino 11y ago
    1. You raise not for what you need today but what you need for tomorrow. They still have a lot to figure out and the money gives them the runway to do that. If things go wrong, they'll have the war chest to survive until the next round of funding. 2. Raising more than you need allows the founders to get back to work and stay out of fundraising mode longer. The last thing you want to do is finish fundraising and find yourself needing to fundraise again 6-10 months down the road.
Denzel 11y ago
Hiring, training, and managing an internal sales team is very capital-intensive, especially in NYC. My guess (based upon the article) is that a large portion of the funds will go towards building their sales team. It seems as though they've found a profitable business model, and are attempting to pour gasoline on the fire.

6 ms·

Congrats Liz! This is awesome! I like that your company pivoted to a new model. I am in the process of doing this myself. Why do you need so much $$$ for sit

by tiffanyricks 11y ago

gargarplex 11y ago
She is qualified to spend the money to ensure her company dominates the market. There are 20 million college students in the US; if she helps 1 million of them get jobs, then she could position herself to receive at least 10% of their income. 1 million * $10 / hr * 10% = $1 million / working hr.
- tiffanyricks 11y ago
  I understand the world dominion thing and that's every ones goto answer. I am sure it was Secret's answer too but you see how that turned out. Launched in 2013, raised $35M, and closing doors in 2015. I think Campus Job has an awesome business model and definitely qualified. My thought was too much cash... way too soon... for this type of business.
  - gxespino 11y ago
    1. You raise not for what you need today but what you need for tomorrow. They still have a lot to figure out and the money gives them the runway to do that. If things go wrong, they'll have the war chest to survive until the next round of funding. 2. Raising more than you need allows the founders to get back to work and stay out of fundraising mode longer. The last thing you want to do is finish fundraising and find yourself needing to fundraise again 6-10 months down the road.
Denzel 11y ago
Hiring, training, and managing an internal sales team is very capital-intensive, especially in NYC. My guess (based upon the article) is that a large portion of the funds will go towards building their sales team. It seems as though they've found a profitable business model, and are attempting to pour gasoline on the fire.