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Launch HN: The Lobby (YC W18) – 1-on-1 calls with company insiders to get hired

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Re: Launch HN: The Lobby (YC W18) – 1-on-1 calls with company insiders to get hired

#51

Post by dchhugani »

foobaw wrote: post #50

This is an awesome idea. Any plans to allow someone to pay for this based on their success of landing a job? (taking a % of their future salary kind of like Lambda School).

We've had people suggest it - but right now we're too far removed from the actual moment someone gets hired to even consider it.

I think that's a very creative model with good alignment of incentives, but frankly I don't know if it works well. A few friends who tried something similar told me they felt that in that model, the people who end up getting jobs the most are typically the ones who needed you the least and can make for some very unhappy customers who don't know if it's worth paying you a % of salary well into their jobs.

We'll consider it though :).

Re: Launch HN: The Lobby (YC W18) – 1-on-1 calls with company insiders to get hired

#54

Post by jakemor »

I really love this concept and hope it succeeds. Lowering the barrier to entry to highly technical fields is a win-win for everyone. Congrats on your progress so far!

My only question is how a highly productive individual at a top bank or startup justifies taking the time out of their day to speak to a newbie. I know they get paid, but I would imagine it's peanuts compared to their 6 figure salaries. What is their main motivation in scheduling calls?

Re: Launch HN: The Lobby (YC W18) – 1-on-1 calls with company insiders to get hired

#55

Post by dchhugani »

jakemor wrote: post #54

I really love this concept and hope it succeeds. Lowering the barrier to entry to highly technical fields is a win-win for everyone. Congrats on your progress so far! My only question is how a highly productive individual at a top bank or startup justifies taking the time out of their day to speak to a newbie. I know they get paid, but I would imagine it's peanuts compared to their 6 figure salaries. What is their ma…

Thanks for the kind words jakemor!

We're surprised at this ourselves - they seem to enjoy being in the "expert" seat because most of them are junior level people who aren't traditionally thought of as experts or people whose insights are worth money.

I think we're learning it's a powerful combo - get paid to talk about yourself, show off how smart you are + help other people out who are struggling to overcome what you already did.

Re: Launch HN: The Lobby (YC W18) – 1-on-1 calls with company insiders to get hired

#56

Post by nwsm »

dchhugani wrote: post #51
foobaw wrote: post #50

This is an awesome idea. Any plans to allow someone to pay for this based on their success of landing a job? (taking a % of their future salary kind of like Lambda School).

We've had people suggest it - but right now we're too far removed from the actual moment someone gets hired to even consider it. I think that's a very creative model with good alignment of incentives, but frankly I don't know if it works well. A few friends who tried something similar told me they felt that in that model, the people who end up getting jobs the most are typically the ones who needed you the least and…

>paying you a % of salary into their jobs

Wow, that's a very ambitious idea.

Re: Launch HN: The Lobby (YC W18) – 1-on-1 calls with company insiders to get hired

#57

Post by gringoDan »

dchhugani wrote: post #49
gringoDan wrote: post #48

Earlier quoted context omitted.

[Slightly sarcastic, but my opinion based on working in banking for a 3 month internship and then bailing to tech after graduating from college.] At the lower levels, investment banking doesn't take much brainpower. Analysts spend 95% of the day: making PowerPoint slides, doing research online, or un-doing the changes they made the day before because the VP on the team didn't like the changes the Associate wanted. Th…

This is very insightful and perceptive, especially for just doing a 3 month internship. I agree with pretty much all of it. However - you'll find most people hate IB for the same reasons, but also know their only way to more interesting roles like private equity, hedge funds, and more is to do investment banking first. Engineering is no doubt more challenging in many respects; IB after a certain point becomes more ab…

Completely agree with your analysis. Wish you the best of luck with the company, it seems like it could definitely add value in the space.

Sidenote - might be able to help you with some introductions on the technical co-founder front. I'm NYC-based as well, contact info in my profile.

Re: Launch HN: The Lobby (YC W18) – 1-on-1 calls with company insiders to get hired

#58

Post by jakemor »

dchhugani wrote: post #55
jakemor wrote: post #54

I really love this concept and hope it succeeds. Lowering the barrier to entry to highly technical fields is a win-win for everyone. Congrats on your progress so far! My only question is how a highly productive individual at a top bank or startup justifies taking the time out of their day to speak to a newbie. I know they get paid, but I would imagine it's peanuts compared to their 6 figure salaries. What is their ma…

Thanks for the kind words jakemor! We're surprised at this ourselves - they seem to enjoy being in the "expert" seat because most of them are junior level people who aren't traditionally thought of as experts or people whose insights are worth money. I think we're learning it's a powerful combo - get paid to talk about yourself, show off how smart you are + help other people out who are struggling to overcome what yo…

Very cool. Just signed up and will give it a try :)

Re: Launch HN: The Lobby (YC W18) – 1-on-1 calls with company insiders to get hired

#59

Post by dchhugani »

ztratar wrote: post #52
ronilan wrote: post #25

> it's controversial to build a recruiting-focused company that charges job seekers instead of just the companies. There is no controversy. It’s just plain wrong.

Care to try to explain more, Ronilan?

Would also love to learn more about your thinking. Also happy to chat offline if you prefer, I'm at deepak@thelobby.io

Re: Launch HN: The Lobby (YC W18) – 1-on-1 calls with company insiders to get hired

#60

Post by nwsm »

dchhugani wrote: post #38
andrestan wrote: post #37

Earlier quoted context omitted.

I would specify that you're actually a founder of The Lobby, because otherwise I thought this post was spam until I clicked into your user page.

Thanks andrestan - I specified in the first few words of the blurb - is there anywhere else you'd specify it? Would not want anyone to think it's spam :).

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