FolioWorks

“This is like right at the ceiling of the price we usually do. Unless we're investing in a baller company like Will's. Gecko materials. We make exceptions.”

“So we charge startups, 250 dollars per intern per month. We save them on average about 10,000 dollars on wages.”

“So we partner with every college career center, and so we have access to all of their three million students that are approved for work study.”

“For enterprises, we charge them about a thousand dollars per intern per month, and we still save them about 10,000 dollars on wages.”

“And so they opened up to for-profits and we became the first company to be the employer of record on behalf of any other company.”

“I don't think that means they're going to cut us out. I think that it would take a lot of effort for them to do all the reporting that's required to Create a work study-approved job, and then do all of the reporting that's completed by us, but we're building t…”

“I'm here today to oversubscribe our four million dollar round, and to get your feedback, and most importantly, to ensure that every student is trained and ready to build a meaningful career.”

“Every university has different software to facilitate work study or they have no software and they do it in a spreadsheet.”

“So we just closed our first three very, very large companies. So like companies that have revenue of a billion plus.”

“So we're going to try to build it in the next three months and then just give it away for free at first in the summer. And just try to dominate every single program.”