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That's similar what we're going for, apprenticeship. We think that hands-on projects help people learn very fast. Some of the projects are from us (specifically

That's similar what we're going for, apprenticeship. We think that hands-on projects help people learn very fast. Some of the projects are from us (specifically designed for learning), and some of them are real-world. As for unionization, I am not sure. The demand is high enough for software developers that we are willing to take risk to not get paid back if they earning below $40,000. So we don't guarantee a salary but we make sure they don't pay us if they are aren't earning enough.

pbhjpbhj 8y ago
Love this, fwiw. I'm in the UK, or I'd be on it. Anyway, is it literally $40k you pay 15% ($6k), below you pay nothing? Is there any sort of tax saving, do "graduates" pay tax on the full amount but pay out 15% to an "educational trust"? Are you a non-profit?
- asd33313131 8y ago
  Under $40k, nothing owed. We are for-profit. We think that model can help us scale faster than the tax advantage of the non-profit can help us. Larger non-profits can play a role in the future of this market though, with various guarantees and cheaper capital.
  - ASpring 8y ago
    Have you considered bracketing it or is this a purposeful marketing point? If a graduate is offered 2 jobs at 39k and 50k, would they make more at the 39k job in the short term?
    - pbhjpbhj 8y ago
      At 50k they'll take 42.5 gross, $46k (40 + 15%) is the inflection. Save special tax situations anything over $46k will get them more than having a <$40k gross wage.
    - asd33313131 8y ago
      Marginal rates (brackets) are a good idea. Right now, too complex for the capital markets around this product and we think (possibly) for the customer, so we're sticking to the flat rate.
      - Wowfunhappy 8y ago
        You certainly know more about this than I do (running a company and all that), but the situation described in the GP strikes me as a likely real-world scenario, and a bad outcome for both you and the customer.

pbhjpbhj 8y ago

Love this, fwiw. I'm in the UK, or I'd be on it. Anyway, is it literally $40k you pay 15% ($6k), below you pay nothing? Is there any sort of tax saving, do "graduates" pay tax on the full amount but pay out 15% to an "educational trust"? Are you a non-profit?

asd33313131 8y ago
Under $40k, nothing owed. We are for-profit. We think that model can help us scale faster than the tax advantage of the non-profit can help us. Larger non-profits can play a role in the future of this market though, with various guarantees and cheaper capital.
- ASpring 8y ago
  Have you considered bracketing it or is this a purposeful marketing point? If a graduate is offered 2 jobs at 39k and 50k, would they make more at the 39k job in the short term?
  - pbhjpbhj 8y ago
    At 50k they'll take 42.5 gross, $46k (40 + 15%) is the inflection. Save special tax situations anything over $46k will get them more than having a <$40k gross wage.
  - asd33313131 8y ago
    Marginal rates (brackets) are a good idea. Right now, too complex for the capital markets around this product and we think (possibly) for the customer, so we're sticking to the flat rate.
    - Wowfunhappy 8y ago
      You certainly know more about this than I do (running a company and all that), but the situation described in the GP strikes me as a likely real-world scenario, and a bad outcome for both you and the customer.