Garrett Lord, CEO and co-founder of Handshake, looks to help college students searching for their first big career opportunity to connect with employers around the country, but unlike LinkedIn, having an already-established network or a lengthy resume is not mandatory.
"LinkedIn is generally about a lot of your history. Handshake is a lot about your future," Lord said. "You can learn from peers, help network with young alumni, connect with companies, read about what other students are doing like you, and discover and find unique internships and jobs across the country."
Instead of a resume, students on the platform build a profile that has their classes, work experience, skills, and extracurriculars on campus. Handshake currently covers approximately 17 million job seekers, 1,000 colleges and universities, and 500,000 employers. However, the coronavirus pandemic created new problems in need of solving.
"Students were really struggling with remote internships being rescinded. So, we pivoted basically our entire company's roadmap to build a set of virtual solutions to support our network," Lord said. He discussed some of his company's initiatives, adding, "We tried to replace a lot of the intimate experiences that happen in-person on campus with virtual experiences like coffee chats, video interviews, info sessions, and a lot of digital replicas of what used to happen and transpire on campus."
Lord also noted that, in the current age of remote environments, he has noticed one major change in the recruiter-applicant relationship: instead of applicants doing more of the searching, recruiters are pursuing students.
"Companies are going proactive all year-round," he said. "We're seeing a lot of the large companies talk about an 'always on' talent engine, where they're talking to students all year-round — freshmen, sophomores, juniors — cultivating and building relationships."
The Handshake CEO then underscored the importance and pervasiveness of Handshake on today's campuses, stating that, "If you're a college student, Handshake is just a verb. Most students are getting messages from companies. It's a profile you need to have if you're looking to find your first internship or job."
Last week, Handshake announced it had raised $80 million in a Series D round of funding. In addition to expanding its reach — launching operations in the UK and working with institutions such as Cambridge — the startup says it is now connecting students to new-collar jobs. But what exactly is a new-collar job?
"If you look at a lot of workforce trends for a lot of these Fortune 500 companies, they're trying to find more data science talent, more technical talent, more IT talent. Professionals that have skills ready to enter the workplace, but look different than a Bachelor's degree," Lord said. As part of this latest development, Handshake announced it is meeting the needs of approximately six million students who are earning valued credentials from community colleges and boot camps.
Regardless of how college-aged students are earning their degrees or certifications, Lord explained that Handshake's ultimate goal remains the same, and hopes that the latest funding continues to help.
"What really fuels us is this mission of bringing more equality and helping college students graduate and find meaningful opportunities and jobs," he said.
A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
The Federal Aviation Administration says flights departing for Los Angeles International Airport were halted briefly due to a staffing shortage at a Southern California air traffic facility. The FAA issued a temporary ground stop at one of the world’s busiest airports on Sunday morning soon after U.S. Transportation Secretary Sean Duffy predicted that travelers would see more flights delayed as the nation’s air traffic controllers work without pay during the federal government shutdown. The hold on planes taking off for LAX lasted an hour and 45 minutes and didn't appear to cause continued problems. The FAA said staffing shortages also delayed planes headed to Washington, Chicago and Newark, New Jersey on Sunday.
Boeing workers at three Midwest plants where military aircraft and weapons are developed have voted to reject the company’s latest contract offer and to continue a strike that started almost three months ago. The strike by about 3,200 machinists at the plants in the Missouri cities of St. Louis and St. Charles, and in Mascoutah, Illinois, is smaller in scale than a walkout last year by 33,000 Boeing workers who assemble commercial jetliners. The president of the International Association of Machinists says Sunday's outcome shows Boeing hasn't adequately addressed wages and retirement benefits. Boeing says Sunday's vote was close with 51% of union members opposing the revised offer.
The stunning indictment that led to the arrest of more than 30 people — including Miami Heat guard Terry Rozier and other NBA figures — has drawn new scrutiny of the booming business of sports betting in the U.S. The multibillion-dollar industry has made it easy for sports fans — and even some players — to wager on everything from the outcome of games to that of a single play with just a few taps of a cellphone. But regulating the rapidly-growing industry has proven to be a challenge. Professional sports leagues’ own role in promoting gambling has also raised eyebrows.
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
Starbucks’ AI barista aims to speed service and improve experience. Nick Lichtenberg, Fortune Business Editor, explains its impact on workers and customers.
As Big Tech reports Q3 earnings, investors await proof that massive AI and cloud investments from Meta, Apple, Microsoft, and Alphabet are driving real growth.
Eric Trump joins us to discuss American Bitcoin’s mission, market strategy, and why he believes the U.S. must lead the next era of digital currency innovation.
