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We think a lot about how to "unlock" talent at @beondeck.
For everyone founding or working on a startup today, there are hundreds more who should be but can& #39;t.
We& #39;re developing something we hope will help them.
Excited to share more about "Runway"Â and the "Convertible ISA"
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For everyone founding or working on a startup today, there are hundreds more who should be but can& #39;t.
We& #39;re developing something we hope will help them.
Excited to share more about "Runway"Â and the "Convertible ISA"
10k+ people applied to On Deck in the past few years.
Many could be great founders but don& #39;t have the personal runway to leave their job and go full time.
Some have to fundraise prematurely.
Others hack "on the side" for years, or never start at all. https://twitter.com/eriktorenberg/status/1094338332144820226">https://twitter.com/eriktoren...
Many could be great founders but don& #39;t have the personal runway to leave their job and go full time.
Some have to fundraise prematurely.
Others hack "on the side" for years, or never start at all. https://twitter.com/eriktorenberg/status/1094338332144820226">https://twitter.com/eriktoren...
Still others come into the Fellowship intending to work on their own idea, but end up hopping aboard another rocketship as founding team/early hires.
We love when this happens. This "fluidity" of opportunity is what makes the Fellowship so powerful. https://twitter.com/julianweisser/status/1253060768410435584">https://twitter.com/julianwei...
We love when this happens. This "fluidity" of opportunity is what makes the Fellowship so powerful. https://twitter.com/julianweisser/status/1253060768410435584">https://twitter.com/julianwei...
We want more people to have this opportunity.
So we& #39;re piloting "Runway, by On Deck."
Runway gives you:
• access to the On Deck Fellowship (usually $1,490)
• $5k/month x 4 months
• career/CEO coach
• talent concierge (help finding co-founder, building team or getting a job)
So we& #39;re piloting "Runway, by On Deck."
Runway gives you:
• access to the On Deck Fellowship (usually $1,490)
• $5k/month x 4 months
• career/CEO coach
• talent concierge (help finding co-founder, building team or getting a job)
In return, we get a $25k "convertible ISA" (CISA)
We help you start a company and raise, or help you get an amazing job — and you only give equity/pay us back when you& #39;re successful.
Here& #39;s how it works:
We help you start a company and raise, or help you get an amazing job — and you only give equity/pay us back when you& #39;re successful.
Here& #39;s how it works:
If you found a company and raise a minimum of $250,000, the CISA transforms into a SAFE with a $2.5M post-money cap.
$25k at 2.5M post = 1% ownership in your company at the next priced round. Plain and simple.
You pay nothing back, we& #39;re behind you all the way.
$25k at 2.5M post = 1% ownership in your company at the next priced round. Plain and simple.
You pay nothing back, we& #39;re behind you all the way.
If during/after ODF you decide to get a job or join another startup, we& #39;ll get to work helping you find the *perfect* role.
There& #39;s now 150+ startups in the On Deck alumni community, and we& #39;re connected to another 4,000 companies through @viabyondeck https://twitter.com/david__booth/status/1134912079297691653">https://twitter.com/david__bo...
There& #39;s now 150+ startups in the On Deck alumni community, and we& #39;re connected to another 4,000 companies through @viabyondeck https://twitter.com/david__booth/status/1134912079297691653">https://twitter.com/david__bo...
Once you land your dream job, you pay 17% of your monthly income until you hit the 25k repayment cap.
You pay nothing until you& #39;re earning an $80k+ salary.
To reiterate: with Runway, we pay and support you while "on deck", you pay nothing until you start/find your next thing.
You pay nothing until you& #39;re earning an $80k+ salary.
To reiterate: with Runway, we pay and support you while "on deck", you pay nothing until you start/find your next thing.
As a reminder: this is a pilot. We are offering a handful of CISAs during our upcoming @beondeck fellowship cohort (ODF4).
If successful, we& #39;d like to expand the program by providing things like health insurance, immigration assistance, and more. https://twitter.com/eriktorenberg/status/1209013576347709440">https://twitter.com/eriktoren...
If successful, we& #39;d like to expand the program by providing things like health insurance, immigration assistance, and more. https://twitter.com/eriktorenberg/status/1209013576347709440">https://twitter.com/eriktoren...
Are you interested? To be considered, you must apply and *be accepted* to our June @beondeck Fellowship cohort.
Details here: https://twitter.com/beondeck/status/1251268314254372865
If">https://twitter.com/beondeck/... you’ve already applied to ODF4, please ALSO apply to Runway here: https://beondeck.typeform.com/to/YmpI4b?source=twitter">https://beondeck.typeform.com/to/YmpI4b...
Details here: https://twitter.com/beondeck/status/1251268314254372865
If">https://twitter.com/beondeck/... you’ve already applied to ODF4, please ALSO apply to Runway here: https://beondeck.typeform.com/to/YmpI4b?source=twitter">https://beondeck.typeform.com/to/YmpI4b...
Have any questions? Feedback? hit me here (DM& #39;s open) or david [at] http://beondeck.com"> http://beondeck.com .
Thank you!
Thank you!
