The Ledger
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Military pays active-duty service members' salaries during Shift corporate internships
“So the military still pays their salary.”
85% of Shift participants receive full-time job offers within three months
“The 85% of people who participate in SHIFT programs receive a full-time offer of employment from their host company within three months of arrival.”
Slagh: The Military Pays Salaries During Shift's Private Tech Internships
“So the military still pays their salary.”
Slagh: Structure VC Increased Their Shift Investment to $350,000 After Diligence
“So much so that, that they came up to 350,000 dollars.”
Shift matches transitioning military veterans with corporate tech internships
“So what we do today is we facilitate internships largely at high-growth technology companies. So we work with recruiting teams diversity and inclusion teams, people operations to find relevant fits based on people who, people's experiences in the military, and…”
Shift charges a $5k search fee plus 20% of first-year salary
“5000 dollars per person. Per position. And then they pay us an additional 20% of the first year's salary if a conversion takes place.”
Slaw: Shift has booked 15 search contracts at $5,000 each
“We have made the money for the initial search. So we've signed. 15 positions at 5000 dollars a piece, but now it's our job to convert on those in the next three to four months.”
Shift's seed round filled immediately once Andreessen Horowitz committed to lead
“When Andreessen came in, the entire round was spoken for right away.”
Shift is currently serving over 700 people, a 10x year-over-year increase
“Today, we're working very closely with over 700 people. So in terms of what we've done year over year, it's more than a 10 X increase.”
Slagh: Shift Matches Transitioning Military Veterans With Tech Internships
“So what we do today is we facilitate internships largely at high growth technology companies. So we work with recruiting teams diversity and inclusion teams, people operations to find relevant fits based on people who, people's experiences in the military, and…”
Slagh: Shift Charges a $5,000 Upfront Fee Plus 20% of Salary
“5000 dollars per person.
Per position.
And then they pay us an additional 20% of the first year salary if a conversion takes place.”
Slagh: BoxGroup, Full Tilt, Tim Ferriss, and Howard Lindzon invested in Shift
“Box Group here in New York GELT VC with Jake. The Full Tilt Capital, the managing partner there is Anthony Pompliano, he's an army veteran. Tim Ferriss, Howard Lindzen, and a few other angels as well.”
Slagh: Shift raised $500,000 from investors on The Pitch
“Yes.
That's, that, that's what happened just now.”
Slagh: Shift added 30 to 40 syndicate investors via Phil Nadel
“So far, we've added between 30 and 40 additional smaller investors through his syndicate, so we're seeing checks of 2500 dollars or 5000 dollars or 10,000 dollars, and it's really, really interesting to me to see the types of people who are getting involved.”