I see zero incentive for large tech companies to hand over their interview process to a company run by juniors in college. Zero. As someone else mentioned, Triplebyte failed and had to pivot for a reason.
And if you’re saying, “you don’t even all need to work on the same team,” the incentive is even lower. If I’m bringing in a known team (and for new grads, unless that team has a track record of shipping something substantive together, hiring managers do not care about some students in a club or discord), I’m doing so because I know the value they can provide together. If I’m just going to put them all in different roles and teams anyway, why would I do a mass negotiation? What is in it for the company hiring, especially from a negotiation standpoint, when different teams and roles have different salary scales?
Beyond that, while this sounds great for the grads, this doesn’t seem great for anyone but maybe mid-tier or lower tech companies who struggle to recruit from the top 10 schools. And based on your website and answers here, those aren’t places that your current cohort would be interested in working at (nor that could afford the salaries you would be trying to negotiate).
Where I could see this sort of idea working would be in research sciences or academia, where existing cohorts and teams are very important. Now, for that, you’re not looking at new undergrads, you’re looking at grad students or post-docs, but at least there I could see the value in trying to hire a group of people from the same place who have actual experience working together.
But if I’m a company hiring, or even an individual manager, I really don’t care that 3 or 4 undergrads are friends or have some other relationship to one another. Especially since this seems designed to just get kids to team up together to try to get bigger offers from the same company, regardless of whether they want to maintain social relationships or not.
One final note: your website mentions “absolutely no recruiters” but the role of BYOT is to be a recruiter. If you want to say no outside recruiters, fine. But you’re inserting yourself as the middle man between the hiring managers and the applicants, presumably to take a cut for finding the talent. That’s a recruiter.