INSUBCONTINENT EXCLUSIVE:
But the more I learned about Placement, the smarter it sounded
In exchange for 10% of your income for 18 to 36 months, Placement will find you a much higher paying job, prep you for the interview and
help you move to your new city of employment.Actors, athletes and musicians have talent agents
People switching jobs more often
The desperate need to pay off crushing student loan debt
The rise of mid-size cities as rent gets out of control in San Francisco and New York
Social apps keeping people in touch from afar
The search for deeper fulfillment going mainstream.Placement co-founder and CEO Sean LinehanThrough the normalization of income sharing
agreements, Placement has found a way to powerfully monetize these societal shifts
Fund, plus angels like Flexport CEO Ryan Petersen, Eventbrite founders Julia and Kevin Hartz, DoorDash CEO Tony Xu, 137 Ventures MD
could grow far beyond the Jerry Maguire-style boutique talent agency into a scalable way to put millions on a better career track
(before the housing crisis made it so expensive)
Linehan found himself living in a bunkbed by himself with extra space
years, Linehan coached his friend through becoming a professional and navigating interviews
Also from the product team at Flexport, Kent had helped start Zipfian Academy as the first data science bootcamp in America
The 12-week crash course had been placing 93% of graduates into full-time roles when Zipfian was acquired by Galvanize, where Kent became
director of outcomes with the mandate to get students great jobs
The right idea, experience and the track record of turning Flexport into a $3.2 billion freight forwarding unicorn led investors to jump at
referrals, which the company says 100% of clients have provided
place without companies competing to hire for those roles
They might have never left their hometown or returned after school at a mid-tier college, suppressing their earning potential
But lack of knowledge about jobseeking, fears of leaving their support network or a lack of funds to finance a move keep them stuck
the same utility the CEO did for his friend, revealing that if they seize the opportunity of moving to a growing but still affordable city
even earn the same or a little less, but they can fetch a huge increase in income on a cost of living-adjusted basis and they have a path to
improve their LinkedIn and resume, practice telling their story and offering mock interviews with experts in their field
As they progress through interviews Placement sets up and requires hirers offer remotely, it teaches clients to negotiate to get their best
While some top coding schools and other bootcamps place graduates, and some startups like Pathrise are also working on interview prep, most
seeking a new employer end up relying on mediocre job hunting tips they find online
help.How Placement income sharing agreements workThe Placement income sharing agreement is designed to align incentives, though
As long as the startup nets them a higher adjusted income, clients pay 10% of their earnings
The startup has worked with fewer than 1,000 clients to date, but is supposedly growing quickly.Eventually, Placement could move into
working with programmers and designers, but it sees a big gap in assistance for business roles
a hands-on, relationship-driven process of matching clients with the right hirers
into building tools that equip clients to take more initiative to match themselves with hirers and teach themselves interview skills
It also must automate more of its marketing outreach, client screening and connections to recruiters while retaining a human element worth a
bunch more to chase this dream
one-year MissionU school for business and data jobs that was acquired and shut down by WeWork asked for 15% of income for three years
without a relocation stipend, or $23,400 on a $52,000 per year job
Colleges are jumping on the trend too, with some working with startup Leif to run their ISAs.Placement has plans to cover prickly edge cases
If someone gets laid off from their new job, the startup will help them find another
sending workers to cities where they know someone.Meanwhile, Placement must resist the temptation to become a hiring agency paid by
employers and instead work fully on behalf of its clients
The complexity of dealing with the U.S
to use its data to recommend and teach specific skills
He also dreams of one day improving urban planning by suggesting cities build music venues or parks that jobseekers say would soften the
promising financial security
