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Bridging the gap between college and the workforce


Mission Statement

At Algowork, our mission is to ensure no college graduate is ever stuck in a career they do not enjoy.

AlgoWork


The Team

Jennifer CEO

Ola

Skylar

CFO

CTO

Ridwan CMO


The Problem

There is a disconnect between what college students experience in their major...

AlgoWork

...and what they experience in their resulting career.


Value Proposition

AlgoWork

AlgoWork bridges the gap between college and the workforce by providing students with the opportunity to experience their ďŹ eld of study as a career.


Why Now •

51% regret their college education choices

80% in their 20s want to change their careers

36% would change their majors

Jaison R. Abel and Richard Deitz Federal Reserve Bank of New York Staff Reports, no. 587 December 2012; revised December 2014 JEL classification: I21, J24, J31, R23


Students We Talked To

AlgoWork

40 STUDENTS (18-35) 2 high school students

SF State

Community College (SF, Santa Cruz)

University of CA (Berkeley, Davis)

CCA


Professionals Want To Mentor

AlgoWork

18 PROFESSIONALS (ages 26-65)

3 Software Engineers

Life coach

2 Architects

Restaurant Manager

Product Designer

Psychologist

Graphic Designer

Product Designer

Soccer Camp Owner

Student Advisor

Nurse

Interior Designer

Instructional Designer

Pharmacist

I T Person


Market Sizing


Market Sizing

$1.8 million 123,000 source: IBISWorld Industry Report 62431

College Students

AlgoWork


Market Sizing

$1.8 million 123,000 source: IBISWorld Industry Report 62431

College Students

AlgoWork

$22.5 million

$2.1 million

1.5 million

457,000

Professionals

High School Students


$306 million 20.4 million 


$39 million 2.6 million 


$1.8 million 123,000 source: IBISWorld Industry Report 62431

College Students

$1,9 billion 127 million

$240 million

$57 million 3.8 million

$25.5 million

16 million

1.7 million

$22.5 million

$2.1 million

1.5 million

457,000

Professionals

High School Students


Competitive Landscape

Exploratory

AlgoWork

AlgoWork Career counselors/coaches

Theoretical

Experiential

University Career Fairs

Service Year Internship’s Committed


Our Secret Sauce

AlgoWork

WHAT MAKES US UNIQUE ? AlgoWorks uniqueness lies in its ability to provide students with a realistic experience of the jobs they can get with their major


Demo

AlgoWork


Concierge


Pricing

AlgoWork


Costs & Partners

AlgoWork

Partners

Activities

Resources

$34,288 Total Monthly Costs(Our Gross Burn Rate)


Run Rate + Market Plan

AlgoWork

With a seed amount of $620,000 6-11 months

12-14 months

Phase

Validate Markets 
 & Concierge

Wizard of Oz & Building

Building & Alpha Launch

Beta Launch

Cash Negative

-$205,728

-$171,440

-$102,864

-$137,152

+$7,000

+$84,000

Time

Cash Positive

First 6 months

14-18 months


Ask

AlgoWork

$620,000

Connections in Education Tech


Thank You

Find us at: algowork.net facebook.com/algowork

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