Live data from Hacker News

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

news.ycombinator.com

131–140 of 167 posts

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

#131
post #123

Earlier quoted context omitted.

repasting what I addressed above. My point was not that the advice is generic, but that you don't require super specialized knowledge to give it that needs extensive "quality control." The Telecom, Media & technology group at Goldman Sachs will have specific bankers, preferences, and things they look for in candidates, as well as industry-specific things you need to study to truly prep. But any analyst WITHIN THAT gr…

> the information of how to land a job in a specific group is very unique and not easy to commoditize across an entire industry or with generic blog posts, but the complexity of that knowledge is very low, hence many are qualified to accurately give it I think that's the key assertion I was missing, the uniqueness of the information to each group. I suspect that, because that generally does not apply nearly as much i…

I'm very scared to speak about something I don't know in-depth, but my engineer friends (And even some HN readers in the thread) are very vocal that even in tech this is the case.

For example, the product marketing team at Facebook has pretty different skillsets & requirements they're looking for than the product management team for a specific silo (perhaps even more so than in banking, where the skills are still kind of similar in terms of Excel/PowerPoint and financial analysis).

In tech - I'd bet it's even harder to commoditize advice and every team is even harder to prep for. One team might focus on Python, the other on mySQL, the other might have a manager that likes to test in some weird way. And tech has very high turnover (banking alike), but interviewing processes are more flexible from what I hear so it must be even more dynamic (as in if your manager changes every 12-24 months, interviewing processes for that team change too), whereas banking interviews have largely remained the same for years and still people crave for this advice.

This is what I've heard- so feel free to refute any of this, it's not primary knowledge.

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

#132
As several mentionned, "spilling the beans" about the ins and outs about a current employer, and getting paid for it, is really frowned upon in some industries.

At least in Europe, in the industries I worked in, I always had a clause in my contract about releasing company information that was ground for termination without pay and/or damages. Being paid to reveal intel would be ground for termination.

I get it, we all do spill the beans at industry gatherings for instance, even sometimes publicly on hn! I also try and help young graduates get good jobs at great companies but I do it as a former student...or as a side help when I part-time teach classes at universities. (and I pay attention to who I mentor and where I suggest them to apply to)

While I don't agree with this state of mind, I know quite a few companies where a prospective employee is considered a potential asset but still an outside. The interview process is gamed to bring the brightest at the smallest pay possible. Be paid to counter these tactics...not good.

Being paid to essentially deliver intel to an outsider will not go well at some companies.

The interview process is confidential/privileged information. Revealing specifics would/could be in breach of employment contract. Being paid by TheLobby would be actual proof/reasonable doubt that you breach the contract.

(Despite this comment, I like your idea and your personal story and I'm glad someone was there to help you/mentor you when you needed it, I just wanted to expose what was, to me, a potential pitfall )

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

#133

As several mentionned, "spilling the beans" about the ins and outs about a current employer, and getting paid for it, is really frowned upon in some industries. At least in Europe, in the industries I worked in, I always had a clause in my contract about releasing company information that was ground for termination without pay and/or damages. Being paid to reveal intel would be ground for termination. I get it, we al…

Thank you for the kind words and feedback! I'm copy pasting some stuff from the thread below.

"Definitely agree that this could be a problem. Practically speaking - we keep identities anonymous and so employees are protected.

Ethically speaking - if you have a buddy inside the company, they'll tell you how to prep with information the company wouldn't want you to know anyways.

It all comes back to our main point - if you don't have an inside connection, you don't get the juicy insights someone with that advantage does. So your odds of landing the job, let alone knowing what it takes to land it, are always lower. We bridge that gap - everything else in our view is a solvable problem because this engages current/former employees in the recruiting process + helps companies discover more talent.

The summary is that we're fine with keeping it anonymous now and here we have to take a bit more of a disruptive approach. Airbnb and Uber were both illegal (As in literally breaking laws) and still scaled and ultimately succeeded because they believed in the fundamental benefit of their service to the world.

The Lobby is completely legal, just maybe against some company policies, but we feel the benefits far outweigh the cons of some random company policy, even for the company itself as described above."

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

#134
You may want to reach out to the founders of HackerRank (S11) via bookface or whatever if you haven't already. They started with what sounds like a similar business model (and got turned down by YC) before pivoting to their current model. I'm not affiliated with them in any way - I just happened to listen to a YC podcast featuring one of the founders last week (and Baader-Meinhof has been hitting me hard since then).

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

#136

You may want to reach out to the founders of HackerRank (S11) via bookface or whatever if you haven't already. They started with what sounds like a similar business model (and got turned down by YC) before pivoting to their current model. I'm not affiliated with them in any way - I just happened to listen to a YC podcast featuring one of the founders last week (and Baader-Meinhof has been hitting me hard since then).

I heard this podcast too! I've also heard of people trying similar ideas. I have many strong opinions on why it didn't work for them and others. The main reason for Hacker Rank (And he says it in the podcast) is that in India the money you make per session is insignificant to build a business on vs. the US - and they didn't start focused enough on a few companies or an industry. It was just "software engineers" at large.

It still might not work - like I say below, our guiding compass is happy users + growing numbers and we try not to bias ourselves with what others have / haven't done. In true PG fashion I hope!

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

#137

As several mentionned, "spilling the beans" about the ins and outs about a current employer, and getting paid for it, is really frowned upon in some industries. At least in Europe, in the industries I worked in, I always had a clause in my contract about releasing company information that was ground for termination without pay and/or damages. Being paid to reveal intel would be ground for termination. I get it, we al…

Thank you for the kind words and feedback! I'm copy pasting some stuff from the thread below. "Definitely agree that this could be a problem. Practically speaking - we keep identities anonymous and so employees are protected. Ethically speaking - if you have a buddy inside the company, they'll tell you how to prep with information the company wouldn't want you to know anyways. It all comes back to our main point - if…

You're probably not going to launch very soon in Europe/France/Belgium but please do pay attention to these issues on the other side of the pond (which might still exist in the US, I guess you'd know better than me :-) )

The fact I anonymously revealed company information does not bring meany immunity wrt my current contract. I can still be terminated if they find out. Would I risk getting fired for $100? No way. If I don't want to take this risk, I'm not going to be a "customer" of The Lobby and thus, you get the chicken & egg problem others talked about.

I think I'm primarily "opposed" (for lack of a better word at 2AM, but you get the idea) to your pitch for ethical & risk profile reasons. These reasons are inherently personnal and the next guy over can be entitled to a very different pov.

However I think that the legal risk for the employee and thus the marketing/sourcing risk for The Lobby, still stand?

Wish you all the best :-)

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

#138

Earlier quoted context omitted.

Thank you for the kind words and feedback! I'm copy pasting some stuff from the thread below. "Definitely agree that this could be a problem. Practically speaking - we keep identities anonymous and so employees are protected. Ethically speaking - if you have a buddy inside the company, they'll tell you how to prep with information the company wouldn't want you to know anyways. It all comes back to our main point - if…

You're probably not going to launch very soon in Europe/France/Belgium but please do pay attention to these issues on the other side of the pond (which might still exist in the US, I guess you'd know better than me :-) ) The fact I anonymously revealed company information does not bring meany immunity wrt my current contract. I can still be terminated if they find out. Would I risk getting fired for $100? No way. If…

Yes! See your points. We'll have to agree to disagree :). Good night!!! Appreciate the candid feedback.

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

#139
Reading your answers below, I feel you haven't really addressed the issue of breach of company policies / confidentiality, and specifically about people being paid for it. It is true that many people will, for free, help their friends get interviews at the companies they work for. This does not mean that doing the same thing for money would be acceptable to their employer.

To use a distasteful analogy: in the US, two consenting adults having sex is legal - two consenting adults having sex where one pays the other for the 'service' is not.

So I think there will definitely be a subset of companies and employees where this will be a problem. One way to allow this subset of employees to take part in your service might be to offer some (non-political) charitable donation in exchange for their time. That way they can contribute, feel like they did some good in the world, and still be able to say to their employer (if it ever came up) that they didn't receive any compensation in exchange for helping potential new hires.

Assuming for now that the basic business is legal, and that the only issue is compliance with company policies, another potential 'hack' might be to just let people get 'karma' that builds up in their account at The Lobby, that can be converted at any time into cash. Then the people providing this info could choose to 'cash out' later, when they leave the company, or use it to pay for intel about other companies when they themselves are looking to move

Feel free to contact me if you want to chat :)

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

#140

As several mentionned, "spilling the beans" about the ins and outs about a current employer, and getting paid for it, is really frowned upon in some industries. At least in Europe, in the industries I worked in, I always had a clause in my contract about releasing company information that was ground for termination without pay and/or damages. Being paid to reveal intel would be ground for termination. I get it, we al…

Thank you for the kind words and feedback! I'm copy pasting some stuff from the thread below. "Definitely agree that this could be a problem. Practically speaking - we keep identities anonymous and so employees are protected. Ethically speaking - if you have a buddy inside the company, they'll tell you how to prep with information the company wouldn't want you to know anyways. It all comes back to our main point - if…

It’s going to be tough for your consultants to stay truly anonymous. Presumably you’ll be issuing them 1099s, they may need to adjust withholding, they’ll have decide whether or not to incorporate in order to limit their liability, and so on.

Nor am I so sure this would be completely legal. It might run afoul of the honest services statute even as narrowed by SCOTUS.

Post reply on HN