Then for YC to back this and basically give their stamp of validation that it's worth continuing? THIS is what we're pouring money and resources into?
Then for YC to back this and basically give their stamp of validation that it's worth continuing? THIS is what we're pouring money and resources into?
Dunno what their validation process is, but every so often it reveals some glaring lapses.
In developing countries, paying to have access to a job is common[0]. Highly sought after jobs for their social reputation (like airline attendent) often require applicants to pay a fee for the opportunity.
You also see this in roles that accept bribes. When police collect cash bribes, their bosses need to see some of that money. One way they do is by requiring people to pay upfront a fee to get access to the role of bribe accepter.
[0] - https://e.vnexpress.net/projects/in-vietnam-a-delicate-dance...
As a former colleague I would consider staking somebody.
As a hiring manager, I would not do this. It’s just too weird. Hiring is hard enough.
It is weird now, but my parents also think it is weird to interview 8 times for one job.
Otherwise you look like a scam.
The kid from a rich family will have no problem getting his parents, and family friends to slap $50 down. The kid who grew up in public housing? Not gonna happen.
I want to like the idea. Having a better way to connect likely-qualified candidates and jobs is a good thing. But a set amount of money really isn't a good guarantee of anything.
I feel like many people have judged without really understanding the details.
And if you want to buy an internship, you can just plop your kid at a startup for free. Unpaid internships are how you buy experience already.
The return on investment aspect could just get gamed by companies being excessively selective on which candidates they allow to stay past 2 months.
And finally it extends the worse thing that exists in our society: "It's easier to make money if you have money."
This is what creates and enforces our class system, this is what makes it harder for historically disadvantaged groups to get ahead, and such a product would just extend this.
Edit: s/be/me
This might not seem quite as dystopian from the lens of just high paying silicon valley software jobs for in demand people. But imagine this system applied everywhere - it's horrendous.
E.g. in the US this is usually how we hire the President. The best fundraisers climb the party ranks and get the job. 98% of hired Presidents have been well-connected, rich, white men.
It incentivizes abusive companies to fire people quickly after firing - most companies do it, but some do; and the proposed system would increase that.
It incentivizes behind-the-back deals with ex-coworkers, stressing ethics and relationships.
It incentivizes inequality - it gives an advantage to people with a wealthy "support network" and creates a barrier to people who don't have one, if a company prefers to do hiring this way.
and reputation is much stronger signal than leetcode hoops
As someone who thinks that affordable housing is a human right, I wouldn't describe Airbnb as "great in practice".
carpool, but let's call it ride share, because you go there anyway. 5 seconds later it's a billion dollar machine fighting labor laws. while the other one was supposed to be a bit better couch surfing, while you are on a longer vacation, you let someone to vacation at your place, brilliant. 5 minu5 later cities' housing markets are in flames due to tourists due to the induced demand of cheap apartments.
what the fuck.
yeah, hotels and taxi services were awful (both due to fucking NIMBYism of ossified cities that are unable to zone for high density and build transit networks), but the solution should have been something human centered, not startupization of that awfulness and appification of selfishness.
(yes, I used both services.)
Much like I'll never be able to afford a house because of people who think that housing is an investment and not somewhere to live.
Also, there's already a solution for reputation - the standard references system that already exists. This soon-to-be-former CEO is claiming that references are "useless," and then implies that someone being able to buy themselves a job by harassing their former coworkers for money is a better system. It's a ridiculous premise and would create incredibly toxic culture in professional networks.