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

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101–110 of 167 posts

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

#101
This sounds like a really interesting idea outside of just jobs. For example, I would really love to use this service for market or industry research. I tried to sign up, but there's a form that requires me to enter a bunch of info related to job-seeking. I'm not sure why that's necessary if all I want to do is pay to talk to people in companies?

Also a few nitpicks: The frontpage sign up didn't work for me on Firefox and there's a 24 char max password length, which shouldn't be necessary if you're hashing passwords.

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

#102
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.

Respect that you see it this way, but I disagree, for all the reasons discussed here. If you're a candidate who goes to a 3rd tier school dreaming of getting a top-tier Wall Street job, you have no alumni to reach out to, half of your cold emails don't result in anything, and you're applying online with a poor resume, preparation, and no insights. What's the solution? You can definitely grind it out on your own for m…

As someone who went to a 3rd tier school and spent the next 5-7 years grinding to get to a top tech company in a country that I had just immigrated to, I want to say Thank You for addressing this problem.

I cant speak about banking/finance industry but in tech, most jobs should be level playing fields for everyone who knows how to program but they are unfortunately not.

Nepotism is ripe in tech and in SV, that means you need to be from the ivy leagues.

There is a definite market here and as long as you keep the supply side of high quality, buyers will come.

Also, read your story of being a solo non-technical founder. Kudos to you man!

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

#103
Deepak first let me say I choose to view this community as a group of people who win together, therefore I want you to win, and sincerely wish success for your team. Now let’s get to work on your feedback.

>>[It’s challenging to get everyone receptive to our new approach]

This provides no information. It’s an entrepreneurial truism. Do you think a large percentage of startups visit sand hill road and never get rejected? Even most of the unicorns have their stories. Google, E-Bay (good luck selling barbie dolls), etc.

Big caveat though: Listen carefully to every person who rejects you. Yes some comments will be dumb, but in general you’re asking smart people and their comments can often be uniquely invaluable.

>>[it's controversial to start a recruiting company charging job seekers instead of hiring companies]

Are you sure this is the controversial part? I see no inherent controversy in the concept of applicants being customers, although if you mean there’s limited precedent of success that makes it more difficult to get people’s buy in, that makes sense. It can always can be a problem.

It’s also a signal to your team to reflect, and question yourselves regularly on what’s so different about what your doing that hasn’t been tried before? Why will you will be the ones to show it’s possible to disrupt conventional wisdom? Why are you so sure it will ever happen? Don’t answer those, the questions are rhetorical. I know you have your answers. The real point is I’m suggesting you never stop trying to find flaws in those answers. Every flaw you find makes you more powerful because you can harvest them to adapt, fine tune, improve.

I’ll try to comment more directly on the model now. I try to keep an open mind on these things, but haven’t heard enough (not that my opinion counts :) here to get on board.

Ironically I was in a boat similar to the one you were in coming out of school. Strong ambition to get into the hottest software company in the world, which at the time was Microsoft, even if nowadays a lot of people think of them as about as hot as IBM, or lesser so :).

The problem was I also was still too immature to not be lazy and spend all my time with friends, and ended up earning my CS degree from Whatever University, which for some reason was one MS was no too interested in recruiting at.

You would think being so irresponsible I didn’t have the chops anyway, but it’s just been my thing forever and ironically I had a lot of projects under my belt already to show people - if they would have ever responded to my emails or resumes - which they never did, despite being clearly marked as from a WU graduate.

If I were in finance, doesn’t it sound like a possible customer scenario for you? Assuming it could be, how could someone have lived the scenario, but still not be bought in the applicant customer concept?

Because today I believe there are already ways to solve the problems you are trying to sell solutions to (and to my old problem), that are free yet not necessarily any less effective.

As one example, a while back I suggested one possible path with specific steps on how to do it:

https://news.ycombinator.com/item?id=15096335

It’s important note again, software development and finance are two different things. However I know just a bit about finance from startup experiences, and also from a best friend who’s a VP of finance and whenever we go out won’t stop ranting about it while all I’m trying to do is hang out and enjoy my beer. Do I mention algorithms to him? No, but I’m digressing...

The point is as different as the professions are, it seems like there are also a fair amount of parallels w.r.t. getting a job.

Therefore I would be concerned that there may be some similar path to my example above that allows a person a chance to show what they’ve got and land a job at a top company, given the right talent and hard work on preparation, and tailoring approaches to specific goals.

The Internet itself seems to be a big problem here. It’s just not that hard to contact even executive level folks if you’re willing to put in the time to get to them. Once in a while they even reply to your first LinkedIn request if your intro note happens to interest them.

Then again, everything I have said could be wrong and I hope it is, so that things can really take off big.

Good luck.

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

#104

[Slightly off-topic] There are a lot of people here talking about how it is impossible to find a job at one of the top investment banks without any connections. Why do you need to have connections to land a job? Why aren't the best candidates filtered from the job application pipeline like it happens at all of the big tech companies? By requiring connections to get in, Investment Bankers are biasing their employee to…

"Why aren't the best candidates filtered from the job application pipeline like it happens at all of the big tech companies?"

I am sorry but this simply not true. Referrals based hiring is the norm in SV tech companies and I am not talking C-level, this is prevalent in even the rank-n-file roles. We are happier not rolling the dice on the stranger, skills be damned.

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

#105

Earlier quoted context omitted.

Indeed, most companies' HR would ban their employees from monetizing their positions at the company in this fashion. If this works, how about vendors paying IT personnel for inside dope on how to sell to the company, or paying them directly to come in and make a pitch? Where do you draw the line? There are gray areas, how different is it to pay for a fancy night out to 'pick your brain' about networking? Or use 'expe…

I agree that if not controlled properly - it can take all sorts of shapes and forms. The best we can do is work with good intentions, put measures in place to avoid bad behavior, and focus on driving more of the positive kinds of interactions. I think our model is worth trying because the alternative is the status quo, where the only ones with access to this information are family members, top school alums, or people…

> the alternative is the status quo, where the only ones with access to this information are family members, top school alums, or people in the elite circles.

As you yourself pointed out in another sub-thread, "this knowledge is not rocket science" and someone responded, essentially, that it stands to reason that it is already available on numerous web sites.

Some of that knowledge may even be borderline proprietary (for, an admittedly shallow, example, how to prepare for puzzles in interviews), where the site offers anonymity and publishing in exchange for that information.

As such, I'm not convinced that the status quo is how you say it is, unless you actually are trying to offer access to insider knowledge closer to the "rocket science" level.

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

#106
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.

Sorry, I think this is a jackass comment, ironically even though I agree with the conclusion.

I hate to be rude, but people are dedicating potentially years of their lives to these ideas.

I don’t doubt at all you have valid arguments or wisdom to offer here. I just wish your comment could be a couple sentences longer so some of it could be more effectively extracted.

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

#107

Earlier quoted context omitted.

I agree with a lot of this. One thing to note is that with this model the recruiter is incentivized for you to take the highest paying job, maybe not the best job for you. As stupid as that may sound (because everyone generally wants to make more money), it also means the first high paying job offer you get, they will probably push very hard (against your own interest) for you to accept it. That's the only way they'l…

To be fair, they didn't shut down so much as the founder sold out.

I have trouble understanding what significance the "so much as" means, nor even the "sold out", since it appears to have been an acqui-hire, with the (cash) assets being returned to investors.

The company did shut down.

We can only speculate on the founder's motivation.

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

#108
post #97

Earlier quoted context omitted.

thanks for this! Great points. Here's how we think of them: chicken & egg: we build hyper local liquidity the way Uber tackles neighborhoods or cities, hence the initial focus on investment banking. The few similar products we've seen try this inevitably try to do dozens of industries or hundreds of roles and this makes it impossible to achieve true liquidity or to allocate marketing dollars properly. Quality control…

"But the main point here is: this knowledge is not rocket science. Any analyst at a specific team in Goldman Sachs or Merrill Lynch will have very similar answers on how to land the job. That's what we see at The Lobby too." Isn't this generic info on 'how to get a job in investment banking' already available on numerous websites for free? What unique value will insiders add compared to what has already been publishe…

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 group is capable of providing that information, and they already are when they interview candidates, help their friends/alumni, and more.

To reiterate - 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 without having to have some crazy "quality control" monitor.

Does this make sense?

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

#109

When I was job hunting about 10 years ago I came across a recruiting firm who pitched me well enough to come in and bring my wife. Their pitch sounded similar, in that they had "inside info" on companies, an extremely high success rate, but they needed me to pay them money. Being in high demand (tech/programming) I scoffed at them and found my own job. I think they were asking for around $3-5k? I think the only way t…

Thanks! Definitely, when you're in high demand your needs are very different than the vast majority of people The Lobby helps today. Also - our cost is much lower (calls range from $60 - $100), instead of the $3-$5k your recruiter asked for.

Further - they are asking you for $3-$5k up front to get a job, so until they deliver you said job, they're failing.

The Lobby asks you to pay for specific tactical things you do on a 30m call - a mock interview, a resume critique, strategy & actionable tips to improve your interview outcomes.

The value is delivered instantly.

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