kevintxwu

5 ms·

1.
by kevintxwu 4y ago
this is awesome going to save me a lot of time…
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by kevintxwu 7y ago
It's so helpful to see this all written down - nothing quite like this out there at all
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Pathrise (YC W18) is hiring engineers interested in mentorship(angel.co)
1 points by kevintxwu 8y ago
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by kevintxwu 9y ago
You're right - my language was too dismissive. The general idea of what I said above is still valid though. Another point: the cost per student does not increase linearly with time. Instead, advising becomes significantly more efficien
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by kevintxwu 9y ago
I said this a little earlier in the thread, but I would definitely say plenty of students we work with already have some of the skills needed to market themselves and they'll do fine on their own, but job seeking is rarely a binary of
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by kevintxwu 9y ago
It's the $2912 one. Unfortunately, we can't offer the same services without basing it off of equivalent annual salary. For the students that look for internships with us, the service is a reduction in short-term capital gain for c
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by kevintxwu 9y ago
Right, but as a result, they don't care as much if an individual candidate gets placed - they're more so looking to fill a specific position. Recruiters solve the problem of hiring whereas we solve the problem of job seeking.
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by kevintxwu 9y ago
You would need to consider more than just the first year. In reality, the difference it makes in terms of your career as a whole is significantly higher than that initial 12k because it compounds. Starting off with an additional 12k in your
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by kevintxwu 9y ago
Yea, you're right. I would say it's in part the disparity between the scale of the fixed cost and the amount of qualification that is predatory. As in, if it was a loan for only $1000, it's certainly more ok to do less qualif
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by kevintxwu 9y ago
Good point. It would certainly not be progressive in a political sense haha
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by kevintxwu 9y ago
Yup! Although we're not there yet, we believe the program is generalizable to every young professional who wants to work in the US, since the core insights themselves are not industry-specific. Ideally the further we expand the more we
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by kevintxwu 9y ago
Hmmmm, this is a really interesting line of logic. With this logic, I think you can look at the income share agreement more as us taking on the risk rather than aligned incentives. The problem with some potentially good career coaching serv
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by kevintxwu 9y ago
This is potentially a real effect, but in this case, the exact unit economics will determine exactly how much it matters. Thanks to a focus on software and automation where we can afford it without hurting the experience, it's been goo
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by kevintxwu 9y ago
By aligned incentives, we mean aligned incentives that are integrated into the business model. Any business has a good reason to treat their customers well because that results in future business, but you wouldn't necessarily call some
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by kevintxwu 9y ago
Percentages in and of themselves are progressive pricing! If we believe we can get the student a 100k+ job, we'll definitely be incentivized to help them get there instead of telling them to settle for a 50k job. The progressive^2 pric
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by kevintxwu 9y ago
Yup, everything is online.
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by kevintxwu 9y ago
That's a good point that the word fellowship is potentially misleading. Although...I do want to clarify we actually offer advice on project development, the interview prep goes to a reasonable technical depth, and you are connected wit
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by kevintxwu 9y ago
We actually use LinkedIn and other sources to evaluate a student's background if we send out a cold invitation. You are right that we have no way of knowing your academic performance.
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by kevintxwu 9y ago
So if I understand correctly, you're asking: "if I already have 16 months of experience, isn't 7% a bit steep to help me find a job?" The way we see it, no matter your experience level, especially if you still haven&#x27
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by kevintxwu 9y ago
The goal is to make them more money than they would pay in the first place (and it compounds in later years), but I understand how you feel.
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by kevintxwu 9y ago
Yea, we definitely have to be sensitive about offering financing options directly to students. One of the ways we handle this now is we actually ask the students to consult their family before signing anything. We also allow the students to
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by kevintxwu 9y ago
Here ya go: https://leif.org/
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by kevintxwu 9y ago
If they have side income, we currently write them some custom terms to exclude it so it's only for the actual job.
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by kevintxwu 9y ago
Though an income share agreement is not a loan. It will still affect a student's credit adversely if they default on it. We're actually transferring the management of the income share agreements to a third party company that'
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by kevintxwu 9y ago
I think that you have some good points here that we've actually debated internally quite a bit. First, I would say the program is designed so that we commit a specific amount of time and resources per student, so we're motivated t
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by kevintxwu 9y ago
To make sure I answer your question well...I'm not quite sure I understand this sentence, could you clarify for me? considering co-op costs are around 8k at my university (don't know about others off the top of my head). Which ar
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by kevintxwu 9y ago
Both! We oftentimes tell students what to say and how to say it behind the scenes, but they will always do the actual communication themselves.
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by kevintxwu 9y ago
1. In the contract, students agree to something called a Tax Information Authorization ( https://www.irs.gov/forms-pubs/about-form-8821-tax-informati... ) to allow us to view their tax information to verify payments if n
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by kevintxwu 9y ago
It's open to recent grads as well! Edit: Sorry I totally misunderstood the question. Yes, it is available to self-teaching job seekers! We say students for simplicity because the program is designed for your early career and university
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by kevintxwu 9y ago
1) Some of the metrics we are currently already tracking: Response and follow up rates from cold emails Response and follow up rates from referrals to hiring partners Technical interview score over time (measured by internal rubrics we desi

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