If your venture is not yet break-even or generating a surplus from sales, how are you covering the financial gap currently? What are your plans for breaking even in the future?
Tell us about your partnerships. What partnerships are critical for your solution’s success? How are you forming these partnerships?
We have partnerships with 70+ startup companies in our cities that we work with to place Fellows. This number will more than double in the next year. The quality of placement companies that we are able to secure is critical to the success of our Fellows, who are looking for a meaningful role that allows them to contribute to the company's impact. We have a team of three individuals who source company partners and manage those relationships.
What, if any, corporate partners have you worked with regarding your solution? What is the nature of your relationship with these corporate partners (e.g. career/internship placement of your participants, financial sponsorship or donations, program development, etc.)
We have received financial commitments of $100,000 or more from UBS, Barclays, PwC, Quicken Loans, Bank of America, American Express OPEN, and Blackstone. Our corporate partners also participate in our Selection Days as judges, Training Camps as instructors, and as mentors to our Fellows. We have also received in-kind support for our marketing efforts from UBS and donated space from IAC, Mimeo, and Simpson, Thatcher & Bartlett