YouSaid · the spoken record

Ruben Harris

lines on the record: 81
first: 2022-02-01
most recent: 2022-02-01
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“The audio room side of things, I think the recorded live audio rooms, I think that's going to be a really big deal. I think up until this point you've only had students and schools hosting rooms and some companies like Pandora and others that host rooms. You're going to see a lot more companies involved with the community. But you're also going to see really interesting nonprofit communities like Deaf Color and Women Who Code and others that have been self-organized in Slack communities started joining the platform. And so I think that's going to all really be interesting to see how do we get all of these communities that exist in like Google Groups and Facebook groups. Like other places on the internet into career comma. So that'll be cool.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Like Knight Foundation to figure out how to create a playbook to make sure that local people can take advantage of these jobs. And I'm working with Saif over there who's worked with Francis Forest to come up with a playbook with the workforce development agencies like Rick Beasley over there over there to come up with a playbook that works for Miami to prevent that. And if that works for Miami, I believe Mayor Schwarz is now in the U.S. Conference of Mayors, whether it's through him or if I do it myself, I'm going to figure out how to get to all the other cities in the nation to get that done. And then I'm going to talk to devils in the world economic forum and tell them this is what you need to do. So that's going to happen. So I manifest that too.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“But you're already starting to see similar dynamics to other cities that have done this where the rent's starting to go up and the local people that make the city magical don't know about how to take advantage of the opportunities that are being presented. Think about San Francisco. You have people in Oakland, you have people here in San Francisco that used to live here that are from the bay. They can't live here anymore. They know why it's happening. They know tech is taken over, but they don't know how to how they can get a piece, right? What's interesting about Miami is like 50% of the economy is in the service sector making $35,000 a year and susceptible to automation, which I brought up earlier in this interview that can kick them out of those jobs. So what I want to do is I want to be with the people. I want to work with the government and the local employers, not just the tech companies, but the local employers have to change the tech companies, the universities that are there because I have a great university system and the foundations.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“So, the reason why I'm going to Miami is. First of all, I have an advantage, so I'm black, and I speak Spanish. So that's my first language, and then I'm close to family. So that's like personal reasons, which I think is very important. Also, I think that it's a perfect example of what happens where you have a lot of Growth from Tech Jobs perspective, venture capitalists coming there, operators coming there, companies wanting to change, and a lot of hunger to be one of the most driven cities in the nation and a very vocal politician that's really speaking about what's going on.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Pretty much every company is either going to go fully remote or hybrid. That's why I do think that co-working spaces have a big opportunity. I also think co-living spaces have a big opportunity when I first moved to the Bay Area. I lived in a house with 14 people, it was a big mansion in the mission. But there's now companies like Lodge House that are starting to buy up different houses. And as people get more wealthy, they're able to buy more land and property and they're able to different places. I was just in Argentina last week with my co-founder. I'm here doing this interview and I could pretty much pick wherever I want to go. Tomorrow and work from there as long as it has a Wi Fi and internet connection and be just as effective. And I don't see why anybody wouldn't want to do that.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“This is my live workspace. So this is all laptops. We have a living room over there. We have bedrooms upstairs. We have bomb best here for anybody that's in the job search because we always keep that open. But we're 100% remote. We've been remote since before remote was cool. Traction matters, right? Last night I was with one of our new data hires came from North Carolina to visit some break bread from the South. So I understand the importance of southern hospitality and eating food in person is not the same as eating food on a Zoom video. But I think when you think about the cost savings that a company has, the life that is wasted on a commute back and forth. Some people that would be on a commute back and forth between New York and New Jersey for hours every single day. I think that.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“And I'm not shutting down LinkedIn. I like LinkedIn is amazing, but it's geared towards white-collar workers. If a lot of people that join career karma that never had a LinkedIn profile before have an online resume before, we are their first version of a digital identity. So since we have such good SEO, when people Google their name, we pop out number one. And that profile is rich. who they are, where they're from, what school they're attending, what stage that they're in, you know, what projects they've built. And that's big because the resume is dying. And there's like so many things that are out there, but yes, that's the next phase, but we'll talk about that on the next fundraising.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Kevin, like if you think about the people that we're serving their blue collar, blue collar workers don't look good on LinkedIn because a lot of them didn't go to college. I don't like the word blue color anyway.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Earlier, but like having designers that are really asking unbiased questions and not leading questions for the outcome that you want. Yeah, we want to build the world's largest community of career transitions online, but you could ask questions to your users that have your own biases in mind that are like revalidating your thinking, but not making you reorganizing yourself so that you could actually have people that you could retain inside the community. That's going to be very important. One of our angel investors is also the CEO of APNA, which is the fastest growing unicorn in India. And it's a workforce development company. They got the 16 million users in two years. And they're doing very, very well. So we're speaking with people like him about how to find the balance of growing fast moderation and serving people properly.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“We do have moderators right now. We also have groups called squads that are squad leaders. We have a lady named Brenda that just joined us from Udacity that we have Julie, who's in charge of our events and some product managers like Melvin that are managing these rooms. I think the trick is to really keep the room small right now to like test a lot of things. We are launching recorded rooms in the first couple of quarters, but it's less on moderation type of things and more so that people have power to build their own brands as an individual, which is a different conversation than this one. I think the short answer to your question is like, don't get distracted by the amount of capital that you've raised to just spend it and burn it all, to just grow users at all costs without understanding how they're retaining and how they're interacting. And are they really getting value out of it? So I talked about design.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“But we're not dealing with that issue yet, but we're mindful that it could be a problem. So we study different communities that have done it well. I do like how Discord has done things like this. A lot of things that we got to be careful of and learn from our other people that we admire in the ecosystem about challenges that they have faced. And so we have friends at all of those entities that are giving us guidance on how to create community guidelines in a way that it doesn't turn into a Cesspool.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Immediately, you want to make sure that you are thoughtful about, all right, to your point, right now, most of the rooms are hosted by us, but we have opened it up so anybody can start a room. Because the purpose of technology is to give people a voice, the power to create and the power to organize. We still want to be thoughtful about who is speaking inside of the rooms. And we're starting with schools and students and alumni themselves. And the short answer to your question is we haven't fully figured it out yet.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“It's the one box I didn't check with you. But moderation seems moderation. Yeah, no, moderation is right there. Yeah. It's a good question because even though we have the live audio component and it's special and we have this huge war chest that we can scale quickly, I will say this lightly. I want to avoid the moderation issues that come from scaling live audio that we're all familiar with. Very important to make sure that as you grow that you don't just expand to every single career set”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Is there any better credibility than saying I did it already? It's pretty period. So on creators, you mentioned you've got people on your platform, they're offering courses, you've got a live audio component. We've talked a lot about how you might scale. Once you start doing user content like that and letting people just talk live. You get moderation problems, right? I did it and now I did it. I got the credibility. Listen to me because I'll tell you, and that could just be a total scam. Right. How are you thinking about those moderation challenges?”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Would say, in addition to working at a startup outside of skills, people are looking to be able to say that they built something. That's a W that they can not necessarily put on their resume to get another job, but to be able to say that they did it so that when they do strike out on their own, they can say, I've done this before, listen to me.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Would think about jobs more of like the way to get the skills for who you ultimately want to be. I think to your point, we've entered into the end of occupational identity where you're not an accountant or a lawyer or whatever, just who you are. And all of these, there's a really good book about Red Hoffman called Alliance, is I believe it's called the Startup of You and like how you like do these tours of duty during your lifetime that help you become your ultimate version of who you are. So I think the relationship with the job is less on like how does this pay me the most amount of money so I can retire and take care of my family and more like how does this help me at this moment of time to become the version of myself that I ultimately want to be and I think to your point our whole view of like what retirement really is is changing so you are seeing things like that with sales and stuff like that but”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I mean, I think to your point, I think the freelance economy is huge because of the internet. You can get money in so many ways. Like you can pick something random. Like, I want to get money doing this. And that's probably a way for you to make money from it. And”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“They're not all going to become podcasters, right? But the nature of the profession or the nature of how the profession is organized will change. Is that like for sales, for example, that's one of your career paths? Is that something you see happening as well?”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Who's at initialize? Who was also a former Y comedy partner that created Bookface internally for Career Comma? He says that Career Kramma was like Y combinator for the people where Y Combinator best on first-time founders and careercom best on people for the first time. So right now we're helping people get jobs eventually those individuals could either start their own courses or start their own companies. Eventually we could probably connect those people to not just Y Combinator but any other accelerator as well and maybe even cut a check directly into them like one of our angels is Jack Altman CEO Lattice where when people leave his company which eventually they will if they want to start a company there's a world where they can cut them a check as well just like Slack has a fun, Salesforce has a fund city all these people have like there's corporate venture funds are a thing but it's more of like have the like you can see history but that's”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“The new economy, right? Like there's ways to get paid through cash, stock, options, but then there's tokens, right? So you got to understand that, especially if you're thinking about building a big community. Because if you don't, you're going to get left. So anyway, I do think that creator economy is a big deal and I do think that they can build their audience inside of career comma. Gary, so top tier letter series B, which is the LP of initialized capital that letter series A. And I bring them up because Gary Tan.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“That's where things are going. I mean, you're starting to see it with a lot of even podcasters like Joe Rogan himself is bigger than many media platforms. But you can see that as well with education. I was just with my crypto friends recently and I was asking them, I was like, hey, man, I'm moving to Miami. I see tokens and crypto and such a big thing. But there's so much scamminess that's out there. And so it's hard to understand what's real and what's fake. What should I listen to? And so he started giving me recommendations of what I should listen to and who I should talk to and what courses to take because I need to educate myself about what's going on with.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“There's room for creators to host audio rooms or posts inside of our community to reach those people, to build their audiences and be freelancers and make a lot of money by selling their own courses that are effective, that get people jobs that we can host inside of our community as well. I do think to your point It's a really great article about Korea and teachers that make millions of dollars a year. I believe This is my personal opinion. I believe the individual creator will be bigger than any institution by itself because”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“That's a great question. I love all these questions. It's probably one of the best questions I've ever heard. So, like, the creator economy is a very real thing. Assuming that we have all of these things that we just described, those creators might want to create a lane for themselves, educating people on, let's say, crypto or Web3, for example. Most people that career karma. Have no idea what Web3 is. They're still trying to figure out Web2. A lot of them don't even know what JavaScript is But the remote that most people don't.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“First job on the resume to flip and get the next job because a lot of people get more higher salaries by changing jobs all the time, which is another reason why people are changing jobs all the time. I think that's like the right approach in order to start building out reputations not just by reviews and stuff like that. But yeah, we will be doing things on the company side at some point. So we are going to start building a company directory this year.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“On the lawyers, get out. Yeah. Whatever that you love, right? Now you found people that hated being a lawyer that figured out how to transition into tech by level of concentration. So wow, I found my people that also wanted to get out and made it and had their exit opportunities. And these are companies that are probably likely to hire me. All right, now let me look at each one of those companies. How long have they stayed at those companies? Are they retaining?”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“lawyer okay cool so imagine if i could show you a list of companies with former lawyers that graduated from flat iron school in new york”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“But if the family and friends don't know about these career paths, they come to a place like career comma and they meet a family of strangers that end up being a pseudo family that really becomes their friends for life and they build a lot of social capital with those individuals. A lot of those individuals get jobs through career karma. And then when people are in the job search, those people are able to get referred into companies because most jobs come through referral. Then we can have a directory of companies where, here's a good example. Imagine where are you at right now? You're in the bear.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“To play, yeah. I mean, number one become the number one destination for career advice on the internet. Number two, become the world's largest community of career transitioners online. And if we've given you advice and you've graduated from the schools, You think you're going to go to get guidance about where you want to go next? Like people when they're thinking about picking schools, where do they go? They go to their families and their friends.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Well, I mean, that's what I'm going to ask you. You're going to close the loop, right? You've talked about Glassdoor a number of times. Like one step is okay, now I'm in the industry, I've proven my value, I'm looking for my next gig. It might not be, come back to career commerce for skills, it's I'm gonna start engaging recruiters or LinkedIn, I'm gonna do LinkedIn stories, right? Like. Are open pathways for career karma, right? That's where you're going.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Position and that need to double down on digital and that are executing on it in a good way is probably a good idea because there are some retail companies that are transforming into e-commerce companies and it's not just retail companies that are affected like you mentioned you know travel industry there's the trucking industry there's the oil and gas industry there's the healthcare industry there's like so many spaces that are being changed find the ones that have really good reputations for training and at some point you know career comm will have a company directory as well to be able to give you that information too so you know which ones do have that good training you can see it”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Hiring someone in the tech job and training them and retaining them and surrounding them with love. I have not looked at American Expressive Glassdoor reviews, but I would assume that they're high just because I do like the customer service. I do think that identifying companies that are well known for having really good internal cultures that are an antiquated”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I know right. Domino's. Target Goldman Sachs, JP Morgan, Walmart, all of these companies are Starbucks, all these companies are Nike are really, really investing in their digital side of things. And if you actually look at the open jobs that I... Probably going to screw up the stat, but I heard through the grapevine, so this is not my words, but I heard through the grapevine that target hired likes. Over 2,000 software engineers last year. And you're like, well, I didn't know the target has that. Big companies that are doing this. And to your point, a company like American Express, for example, is very well known for customer service and probably has really good training internally. So what does a company like American Express look like?”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“That's such a good question, clips to your point breaking into tech is one thing, staying in tech is another thing. It's not always the worker's fault. Like it could be a toxic environment that they're in. So like conflict selection really matters and you don't want to just look at the headlines for who are the hot companies. I'll give Few examples of non-tech companies that are doubling down on tech, dominoes, target”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“But one of the things that just struck me is the pathway isn't to tech companies, right? That's where a lot of the money is. Tech companies are not great at retaining, developing their underrepresented employees. We hear these stories over and over again. If I had to tell you, where are the biggest scoops that the Verge come from? It's unhappy workers at big tech companies over the last year, right? So how do you just see that dynamic playing out? Here's your market. You want to get them these opportunities. And then the companies, once they're in the door, are kind of dropping the ball.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“One of the things that's interesting about essay isn't deferred tuition, right? You're in and out, you're done, you kind of know the cap maybe. You don't have these loans to contend with. All that stuff is aimed at Think broadly you're defining as your market right blue collar workers, retail workers who are getting like this it's a horrible time to be a flight attendant in America, right? Like the service worker economy is just suffering all those people want out they need a low risk way to get a different set of skills Underrepresented people need a different pathway”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“There is a new thing that I'm seeing that is very common, which is deferred tuition. like Springboard use this in Skills Fund and Asset and Cloud Credit. So what they do is it's similar to income share grants where they charge after you get a job instead of a percentage of your tuition. It's a fixed amount. So it's kind of like it has more loan-like components to it, which we're not anti-loan. We got to make sure that like however whatever it is that you're thinking about doing is structured, it doesn't screw you over for years. So many people are screwed over with 1.8 trillion in student loans and we want to avoid if we're sending somebody somewhere that they are put in a good position because that's why we have so much trust and so much loyalty in our community.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“But colleges tend to have longer durations for how to pay off income share agreements. And then I have a very big differentiator that I explain in that video about how income share agreements are not alone. And then I sing a bad version of Michael Jackson's You Are Not Alone. Now we're doing kar”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Thousand dollars because $1,000 first year and $500 for the first six months of the next year and then you're done versus like if you pay 10% for three years then that's $30,000 total and people like well you know that's bad but you have to ask yourself what's the cap so however they said the cap matters a lot and then also the time period so like do you have to pay it all in one year do you have to pay it three years you have to pay it five years colleges that have I states which by the way colleges are the originator of income share groups it started at Yale University so I have a whole YouTube video on the history of income share groups”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Are they charging me a percentage of my tuition for the job that they are promising, that they will get me? Because you can structure an ISA contract where I promise to get you a job if you don't get a job, you don't pay anything. But if you do get a job, the tuition comes out of your salary. But the job that I'm helping you get needs to be the specific job that I trained you in. Because if it's any job, then that can be challenging, right? So that's number one. Number two, what percentage of the tuition are you charging? What's cool about ISAs is that there's a cap structure. So let's say it's like 10% intuition just to keep the math simple and it's $100,000 job that you get. That's $10,000 a year. And I sell you the cap is $15,000. So by year one and a half, you'll have paid off your $50.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, I'll give you an example of my brother. My brother, he got a job making $150,000 in five months. So he went to a boot camp called App Academy. He did not know how to code before that. They charged things run fit between 15 to 17%, something like that, 15 to 17% of whatever his future tuition was going to be. And I forget the time period, but I think it was supposed to be paid off in three years after he got a job until he hits the whatever it is. So he ended up paying it all off in one year. And it was less than $30,000 that he paid and he got a job making $155,000 in five months. So that's a good story. I think Whenever you're thinking about an income share agreement and whether you should sign up to one or not, I think the first question you got to ask yourself is.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Woman who manifests Audience on TikTok to sell Excel training courses, she's doing very well. That conversation was more about manifestation than I ever thought it would be. So you're in good company. Talked a lot about blue collar workers, these retail workers. You want to make sure that you're offering them Training so they're not getting ripped off. These income sharing agreements, which are fascinating, right? The boot camps take a percentage of your salary to pay off your training once you get the job. Pluses and minuses to that, but you think that that was one of the unlocks to your business.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Happens to all those workers that just got shit done, right? Like, they probably are going to not want to go back to another retail job because they don't want the same thing to happen to them again. Like you mentioned e-commerce earlier, we've seen what Amazon did. You thought Amazon was a juggernaut. Then Shopify popped up, right? That's going to continue to happen. What's the last time you've been at them all? I don't know. I don't remember last time I was at a mall, right? And so people that are in the jobs are going to They've woken up and they recognize, hey, we need to figure out not just how to find a job that pays me while this is flexible. How do I stay relevant always? Because you can't just get a new job and just like fall back by the wayside. And so these are all the things that are happening. I manifested that CVS thing. So if you're listening to this right now, holler at me. We here.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Opportunities, but they're recognizing that if they don't go digital, they will die. So I actually think the big opportunity on the enterprise side, when people hear me talk about the enterprise, is they think I'm just going to go to like all the tech companies, which I am definitely going to work with the gig economy companies. I'm not going to name them, but they have millions of drivers and shoppers that are in jobs that they don't want, but they eventually want another job. The big opportunity is working with the companies that have big workforces in retail, for example, that are shutting down stores. I'll give an example there since I'm not in that conversation. But like CVS, for example, they shut down 900 stores and they specifically said they're going to double down on digital, right?”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“The unemployment rate has actually grown for black people, especially black women and brown people and many other people that are from underestimated backgrounds. And those individuals tend to be in those jobs that they used to be called heroes, which they are heroes, the essential worker jobs on the front lines in the grocery stores and warehouses and so on and so forth, hospitals. A lot of people aren't giving them the respect that they deserve and the love that they deserve. And they're like, why am I doing this? Why am I putting my own family in danger? Like, how do I take advantage of being able to work from home and record podcasts on Dakota? And so since they knew the tech world was a very big deal, we started getting a huge influx of people that are interested in making this career transition. And now companies themselves are not just providing remote work.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Some people push backed on me during that time period when they were like, you could believe whether automation is here now or it's going to be coming later. Not everybody agreed with me at that point. But then the pandemic hit. And when the pandemic hit, then that was kind of like a perfect storm to show that like Digital economies here. And once every company was forced to go online and even schools were forced to go online, new opportunities were created. In the beginning, like 2020, it was a little bit rocky. But then last year, tech had one of the biggest booms ever is record funding history. It's $300 billion in funding that came out. And then what you saw in a lot of headlines is remote work and people being able to work from home, which was a very big deal because even though you see that our employment rate went down to 3.9%.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“When I was in Y Combinator and people ask me, like, what do we do? I told them something different. I said, I said, career combat helps job training programs fine qualified applicants. And then the next slide, and I told them the same thing about serving blue-collar workers and how we get paid. But then I said a big stat. 375 million workers are going to switch careers between now and 2030. Instead of going back to college, they're going to rely on job training programs to find their next jobs. I talked about income share agreement as being this unique thing that was happening that made them more accessible. And I also talked about automation and how because of technology and because of robots, a lot of jobs were going to be destroyed, new opportunities that were going to be created.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Let's talk about the great resignat It's like 4 million people a month are quitting their jobs. As you said, it's 20 million people in the second half of 2021 alone. Endless theories about why it's happening, but for you, it represents an opportunity Do you see that opportunity?”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“It is an ongoing process that we're working on getting better at, but currently if you go to our directory, you can actually see the outcomes data by school. There are entities like CIRR, the Council on Integrity Results Reporting that tracks data and things like that. And we do our state at the boot camp market report so that people are able to see outcomes by the top schools in our directory, but we have to get better at it. That's part of the reason why we're investing into product and into data and into design so that we can not just have it inside of our directory, but we can make it easy for the schools to share and show them why that's important and how it helps them, not just with enrollments, but outcomes and retention.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“Is that data that you audited when the boot camps come to you? You're saying, give me the books, we're doing our diligence, we're doing the audit. Okay, you're in, or is that self-reported? That seems like as you scale that process is going to be a bottleneck.”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT
“But also most important for us to make sure that the schools had not just full-time options but part-time options. Because like I mentioned before, we're serving blue-collar workers and most blue-collar workers can't go to school full-time unless they're really sacrificing something else. And so you have to have a part-time or self-paced option. Ideally, you're graduating thousands of people, at least a thousand people a year because if you have 3 million people a month coming to us, we got to be able to have some volume to give you, right? Ideally, you have accessible financing that doesn't cripple people with that. Ideally, you have an income share agreement option or deferred tuition option or something that doesn't erect them for years and what was marketed to them is not what was promised and delivered. So that's important on the financing side of things. And then do you have a history of job outcomes? Have you gotten people jobs? And that's very clear. It's a very simple question. Do you get people?”
2022-02-01 · Decoder with Nilay Patel · The business of finding a better job, with Career Karma CEO Ruben Harris · IDENTIFIED FROM THE TRANSCRIPT