Internships, entry-level job placements, career planning and project-based work are all growing verticals. Chegg entering the space with its Chegg Career Center is just another indicator that there is a shift in how millennials seek for job openings and how employers want to connect with prospective interns, future employees or freelancers.
The following three startups, MBA & Company from the UK, Project Talent and Career Sushi from the US, tackle this growing market from different angles. An EdTech Startup News Career Edition, if you will.
MBA & Company raises £800k
London-based MBA & Company raised an £800k venture round. Founded in 2009, MBA & Co is a marketplace that connects business owners and vetted MBAs for project-based work.
The startup claims to have 20,000 consultants on its network, with projects completed in 50 countries and across 40 industries, and £20 million worth of projects posted according to TechCrunch. Projects on the marketplace reach from £100 to £600k with the average job price being at £18k.
MBA & Company has raised over £2 million in three rounds. The new funding will be used to expand internationally. The startup states that the market for short-term project based work is estimated at $30 billion globally.
- MBA & Company Raises Further £800K So Anybody Can Hire An MBA | TechCrunch
- New venture capital round for digital talent marketplace MBA & Company | Growth Business
Projected Talent wins $25k Grand Prize at the UW Business Plan Competition
Projected Talent, a Seattle-based startup that connects undergrad students with business owners for short paid projects, won the University of Washington Business Plan Competition, taking home $25k.
Through the Projected Talent marketplace, employers can post the description of a project they need help with. Students then apply, the employer gets a list of applications and picks the ones to work on the task. When the project is completed, the student gets paid directly by the employer.
- From flu finders to sauerkraut: Meet the winning teams from the UW biz plan competition | GeekWire
Intern Sushi rebrands to Career Sushi
Founded in 2011, Intern Sushi started as a platform for students seeking internships. With the rebranding to Career Sushi the startup now focuses on job placement and career planning.
Other than Projected Talent and MBA & Company, Career Sushi is not only targeting young workers with a degree but also those who want to build their career on other credentials. According to Career Sushi founder Shara Senderoff 60% of Gen-Z don’t believe they need a college degree to have a successful career.
“That’s the exact market for us. The kid who can say, ‘Look just because I don’t necessarily have a college degree, here are all the skills I’ve gleaned from everything else.’”
Senderoff told TechCrunch.
Career Sushi is currently raising a $3 million round according to TechCrunch.
- Career Sushi Launches A Monster.com For Millennials | TechCrunch