Viewing profile — kevintxwu

this is awesome going to save me a lot of time…

It's so helpful to see this all written down - nothing quite like this out there at all

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…

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 fi…

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 servi…

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…

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 becau…

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 $1…

Good point. It would certainly not be progressive in a political sense haha

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 indus…

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.…

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 …

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 …

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 telli…

Yup, everything is online.

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 …

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 performan…

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 l…

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.

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 f…

Here ya go: https://leif.org/

If they have side income, we currently write them some custom terms to exclude it so it's only for the actual job.