Yesterday, we talked about a non-profit that helps people work towards personal financial responsibility. Today, we’re going to look at an organization that helps our country do it as a group. Imagine that you are at a restaurant. It’s pretty expensive, but you’ve got some money, so you’re going to have a nice dinner. But there’s a twist. Instead of paying for your dinner, you have to pay for the people who sat at your table before you; and the people who sit down next will have to pay for yours. That foie gras is looking good now, isn’t it? This is how the federal government works. They don’t worry about what they can afford now—they just let someone else pay the bill in the future. If the Congressional Budget Office’s latest predictions are any indication, those of us who are in our 20s are going to get stuck with a pretty hefty tab. It’s the biggest problem facing our generation, yet very few people talk about it. We’re going to be the group that gets screwed—the one that has to pay the tab for the people before us while also paying for our own tab. Just you wait. Not only will we be the generation that stumbles into the “real world” due to a terrible recession, but we’ll also be the one that actually pays for everyone else’s extravagance. Luckily, there are organizations like Taxpayers for Common Sense that aim to reign in the federal government’s wasteful spending. They are a Washington, DC based “non-partisan budget watchdog serving as an independent voice for American taxpayers.” Continue reading about Taxpayers for Common Sense…
When I have a personal finance question, curiosity, or problem, I look to Ramit Sethi for help. His book I Will Teach You To Be Rich
I honestly can’t tell you when the last time that I picked up a newspaper was. It’s not that I’m sequestering myself from current events, it’s just that I do most of my media consumption online because it’s so easy. Obviously, attitudes like mine are causing a lot of distress in the newspaper industry, but I think there’s still a great business in delivering quality content. One area where online media kicks traditional media’s butt is in grabbing eyeballs. Sensationalism sells, and most newspapers still haven’t grasped that. However, tabloids, especially those based in New York, have always known how to get attention. That’s why there’s a good chance that I’ll pick up a copy of the New York Daily News if it’s sitting on a table at the coffee shop that my parents like to take me to back in Connecticut (where I’m headed this morning). It may not be the most reliable source for information or the most academic, but you have to love the fact that the New York Daily News understands the psychology of its readers and uses that knowledge to convince them to read. It doesn’t matter how great the writing is if nobody reads it. Continue reading about New York Daily News…
I was considering writing about McDonnell Douglas after having my apartment building buzzed by F-18s all day yesterday (they’re practicing for the Chicago Air and Water Show), but I had a friend send me a link to a posting that was way too cool to pass up. It’s from the venture capital industry, which is notoriously hard to break into. Lowercase Capital is a new Angel Fund that was launched in June by Chris Sacca, who was formerly the Head of Special Initiatives at Google. I’ve spoken with a few venture capital companies who were interested in my business, and most seemed buttoned up (at least compared to the startups that they invest in). This is definitely not the case with Lowercase Capital, unless you mean buttoned up with a Bolo tie. Yes, Lowercase Capital has a Western theme, which is fitting because they’re located in Truckee, CA (I was in Truckee two days ago, and it’s awesome). It almost seems gimmicky, but the whole thing really speaks to how Chris is trying to change the way venture capital works with Lowercase. Continue reading about Lowercase Capital…
I think that some of the biggest innovation yet to come in the Internet space is going to be in the form of payment processing. I wouldn’t be at all surprised if one day in the future we pay for almost everything by logging into our Facebook/Google/Amazon accounts. That still seems pretty far off though. The lag in easy online payments can probably be attributed to the need for extremely high levels of security. As soon as it’s ridiculously simple to send a friend money to chip in for a group gift, it’s also going to be ridiculously simple for a hacker to take you for all you’re worth. In the meantime there are some companies that are working to develop transitional solutions for payment processing. San Francisco’s Square is one of them. They have developed a software platform that allows anyone to accept credit card payments. It all started when a glass artist was unable to make a sale because he couldn’t accept credit cards. Now, all you need is an iPhone/iPad or an Android device to do just that. Continue reading about Square…
Looking good is key to interviewing well. If you’re not confident in how you look, you won’t be confident in how you speak. Clothes matter. Luckily, dressing well doesn’t have to be expensive. We’ve worked out deals to get you $50 off your first order at Bonobos and free access to Gilt Groupe’s daily sample sales. You’ll look good, feel good, and still have some money left to celebrate landing a new internship.
As I mentioned a couple of days ago, I have quite a bit of traveling ahead of me. I’m hoping to spend a good portion of the time reading books, but I have to admit that I’ve been terrible about reading lately. Running a business makes it hard enough to find time to read, and when I do have time, it seems that my laptop makes it too easy to read articles and blog posts. I’m also torn about whether I should buy more hard copy books or invest in an e-reading device like an iPad or Kindle (it seems the Kindle is the winner for heavy readers). You’re probably thinking about how you don’t care about my reading habits, but they’re actually really important when looked at through the lens of a company like Hachette Book Group. If a big reader like me is reading fewer books, then they have some big challenges ahead of them. And that’s why the publishing industry is an exciting place to be right now. Hachette, which is headquartered in New York City, has a simple mission: “to publish great books well.” From 1837 when Little, Brown and Company was founded (they’re now part of Hachette), up until just a few years ago, the way they went about pursuing that mission didn’t change much. Lately, it’s been changing a lot. Continue reading about Hachette Book Group…
When I was a little kid, my parents dressed me in shorts with suspenders and knee socks. I pretty much looked like a mini-version of Augustus Gloop from the original Willy Wonka & the Chocolate Factory. My parents also occasionally put me on a leash. I’ve been taking it out on them ever since. For parents who prefer to raise children who don’t have axes to grind, there’s Tea Collection. I’ve also seen them go by Tea Living, but most often they just refer to themselves as Tea. They’re a San Francisco based company that offers fashions for children, or as they put it “for little citizens of the world.” Tea got its start in 2002, and now your can find their clothes “in more than 400 stores including Bloomingdale’s, Nordstrom, Saks Fifth Avenue, Takashimaya, and the best boutiques throughout the US and abroad.” Tea’s clothing is certainly high-end, and on the expensive side when you consider it’s for kids under the age of 12, but just look at those pictures of kids looking like smaller versions of real people. Continue reading about Tea Collection…
I’m an unabashed Groupon fan. How can I not support the Chicago based company that started the group-buying frenzy? Moreover, I’m just flabbergasted at the amount of value that they’ve been able to build in such a short time. The only problem with creating an extremely lucrative new market when you have little or no IP is that the competitors come out in droves. There are a lot of Groupon wannabes. A lot. Many of them will fall by the wayside as they realize that they’re not capable of building out the kind of sales/business development team needed to grow a group-buying business, but there are a few competitors that seem to be doing quite well. One of them is LivingSocial, which is based in Washington, DC (maybe they should focus on group-bribing of politicians, or is that called lobbying?). They now offer daily deals in 52 cities, and they have nearly $50 million in venture funding. They weren’t profitable yet as of March, but you have to think that they’ll get there soon. Continue reading about LivingSocial…
Who doesn’t love taxes? Why would you want your full paycheck when you can only get a part of it? Why would you want to pay the advertised price when you can pay it plus a percentage (it’s like a reverse sale every time—especially here in Chicago where we have the country’s highest sales tax of 10.25% and sometimes higher)? Obviously, paying taxes is part of being a good citizen, but that doesn’t mean it’s not terribly frustrating. Before you get a job (thank god internships are often unpaid), you should know that you’ll probably spend anywhere from 3-7 months of the year working just to pay your taxes. And by the time you’re in your prime and actually making a decent salary, it’ll be even more since our generation is going to have to pay off all of the debt that our country is accruing right now. Paying tax is bad enough, but imagine being the one responsible for collecting taxes. That’s the case for many business owners, and now that the Internet lets you do business in any state or country, collecting the right taxes can be an enormous headache. Luckily, there’s Avalara, a Bainbridge Island, WA based company that has developed software to “automate statutory tax compliance.” Continue reading about Avalara…
Chances are that housing is and will be your biggest expense for most of your life. It’s one of our most basic needs, so it makes sense that we spend a lot on it. Unfortunately, housing markets don’t react quickly to changes in demand, so we often have situations where housing becomes unaffordable for many who wish to live in an area. This may be ok when it’s some posh area of town, but what about when people who have lived and worked in area for years can no longer keep up with the real estate prices? Enterprise Community Partners is a Columbia, MD based non-profit that addresses these problems by creating “opportunity for low- and moderate-income people through fit, affordable housing and diverse, thriving communities.” They want to help people living in poverty “move up and out,” and they do this by helping to develop “a diverse mix of affordable and market housing options, access to jobs and social supports, and a strong commitment to the environment and civic participation.” Continue reading about Enterprise Community Partners…
Believe it or not, I started thinking about retirement right after I graduated college. No, I didn’t win the lottery or have a big entrepreneurial success. I started investing and contributing to my IRA. It was a good way to stay productive and get ready to be an adult. If you start thinking about retirement in your early or mid 20s, you’re likely going to be in great shape 40 years down the line. Unfortunately, many people don’t plan that far ahead, so they end up needing help much later in life—and often they don’t have access to good advice once they realize that they need it. Financial Engines is trying to change that. It all started with Bill Sharpe, who won the 1990 Nobel Prize in Economic Sciences. By combining “Bill’s pioneering investment methodology with proprietary technology” Fiancial Engines is able “to provide all investors with cost-effective, expert advice and management—the kind previously available only to the world’s largest institutional investors.” Financial Engines, which is based in Palo Alto, CA with offices in Boston, MA and Phoenix, AZ, partners with both retirement plan providers and large employers to offer their services and change the way that people get retirement help. Continue reading about Financial Engines…
When I came across an internship posting for Bling Nation, I wasn’t quite sure what to expect. I didn’t know if it would be something like Cash4Gold or an online store for pricey hip hop accessories, but it turns out that Bling Nation is something far more reasonable despite their flashy name. They’re a Palo Alto, CA based company that is building an alternate payment platform for in-store purchases. Instead of using cash or credit card, they want you to swipe a tag that is affixed to your mobile phone. It makes sense. Credit card purchases where you sign the receipt seem outdated, and merchants are getting fed up with the processing fees that they have to pay for credit card transactions. PayPal has been the de facto online payment standard for a long time (even though a lot of people hate them), but they do nothing for in-person purchases beyond offering a credit card that links to your account. It seems to me that it’s inevitable that our mobile phones will replace our wallets in the future, but I wonder whether a Bling Nation sticker on the back of the phone will be the way in which we do it.
So Bling Nation has an odd name and an odd approach to alternate payment processing; however, they have something like $33 million in venture capital funding. Mobile payment platforms are going to be the future, and Bling Nation is positioning itself to be a player in that market. Interestingly enough, they’re building their platform by starting in tiny markets. Instead of attacking New York City or San Fracisco, they’re focusing on a couple of small towns in Colorado. People can get a Bling Nation account going through their local banks, and then they can use their accounts at local merchants who have been outfitted to accept Bling Nation payments. It’s the opposite of how most companies launch, but I like it—it’s an interesting marketing strategy. If you’re intrigued by it, you might want to check out internships at Bling Nation. Right now they’re looking for a Summer Marketing Intern. There’s no word on whether it’s paid or not, but you can apply here.
Links to Help You Begin Your Research
Would you use Bling Nation?
I love featuring startups here. They offer so many exciting internship opportunities for college students, and they’re often representative of the future of our economy. The problem with startups is that they often have trouble generating enough profits to grow quickly in their early and middle stages. That’s why I usually make it a point to mention how much funding a given startup has—so you’ll know that the company is financially sound enough to actually pay your paycheck (if they aren’t taking advantage of unpaid interns, of course). The amount of funding a company has can only tell you so much, but if an investor is willing to put up millions of dollars for some equity in the company, at least you know that you’re not the only one putting a lot of trust in the company’s future. Typically these investors are venture capital funds like Boston, MA based OpenView Venture Partners. They are “an expansion stage venture capital fund, with a focus on high-growth software, internet, and technology-enabled companies.” Expansion stage means that they typically make moderate sized investments (think $4 million to $11 million) in companies that have already established themselves as viable businesses (but need outside money to speed up growth). Continue reading about OpenView Venture Partners…
Everybody acts like social media and social networking is a new development, but it really isn’t. Even 15 years ago there was a web service that enabled you to create profiles, connect with friends, engage with communities, and communicate instantly or asynchronously. It was called Aol, and there’s a good chance that you used it. I feel bad for Aol. They had it all. They were the behemoth of the social web before anyone knew what the social web was, but they were too big and not agile enough. They continued to act like an ISP, and their market share eroded as people transitioned to high-speed connections. Today most people think of Aol as irrelevant, but the NYC based company is doing their best to make a comeback. The good news is that they aren’t living in the past. They’re not trying to win at social networking or being an ISP—they’ve repositioned. They now describe themselves as “a leading-edge web services company, with an offering of premium and niche content sites, world-class tools and platforms.” The focus is on content, and in some ways that’s what Aol was always about—making great content easy to access for the masses. The tough thing for Aol is that they’re already a huge company, so they’re going to have to swing for the fences if they want their new business model to work. Continue reading about Aol…
You should have learned how to share in kindergarten. Now stop being selfish and go tell a friend about One Day, One Internship. We promise he or she won’t steal your dream internship.
I’ve been running a business for almost three years now, and I don’t think that I have a single paper document that I couldn’t throw out tomorrow. Everything is on my computer. It may be a mess of e-mails, Word files, PDFs, and Excel sheets, but it’s all here on my hard drive (and backed up too). Luckily my company isn’t very document intensive, but plenty of businesses and organizations like banks, hospitals, and government offices are overloaded with documents. They need a way to manage them, and Hyland Software offers a software product called OnBase to do just that. The company is based in Westlake, OH, and they are in the business of content management systems (although not the kind that run websites). I got the tip on Hyland from a reader who works in Career Services, and she said that although they have a Midwest headquarters, they have taken on a West Coast attitude. Continue reading about Hyland Software…
It’s hard to go a week on One Day, One Internship without seeing me mention some company’s venture capital financing. I’m sure that some of you have no idea what I’m talking about, so here’s how it works. Venture capital firms provide investment in (typically early stage) companies to help them grow more quickly. They get a piece of the company, and they provide cash to help the company do things like hire people, buy more servers, or get office space. It’s the reason that you see companies that may not be profitable (yet) spending money. We feature a lot of venture funded companies here, and a number of them including 10gen, Etsy, Meetup, Pinch Media, Twitter, and Zynga are portfolio companies of New York City’s Union Square Ventures. Without money from Union Square these companies may not have been able to add jobs and end up featured on One Day, One Job or One Day, One Internship. Typically Venture Capital is an extremely difficult field to break into, but I just got word that Union Square Ventures is hiring, and I figured we could also take a look at potential internships. Continue reading about Union Square Ventures…
I swear that half of all college students want to work in sports and entertainment. Unfortunately most of the job and internship postings you’ll find in those industries are actually scam internships. Getting a position at a legitimate sports and entertainment company is not easy, but with AEG you have a shot. They call themselves “one of the leading sports and entertainment presenters in the world,” and although that sounds broad, it’s a good description. AEG operates in a number of business areas including Facilities, Sports (Teams and Events), Music (Events), and Merchandising. They own/control arenas like the STAPLES Center, Conseco Fieldhouse, and the Prudential Center, while also owning professional sports teams like the LA Kings and Los Angeles Galaxy (can you tell that AEG is based in Los Angeles?). They’ve also “promoted tours by artists including Britney Spears, Fleetwood Mac, The Eagles, Christina Aguilera & Justin Timberlake, The Dixie Chicks, Yanni, Paul McCartney, Usher, Kanye West, Prince, Rod Stewart, Bon Jovi, Nickelback, and PopTarts Presents American Idol.” And that’s not even half of it. AEG is a major player in sports and entertainment, and a great place to start a career. Continue reading about AEG…
Not many of the companies on Fast Company’s list of “The World’s 50 Most Innovative Companies” are non-profit, and not many non-profits generate over $1 billion in annual revenue, but MITRE fits both criteria. I know that many of you want to see fewer technical internships, but I’ve also noticed that most of the non-profit internships that we feature on weekends aren’t very technical. MITRE, which has headquarters in Bedford, MA and McLean, VA offers an exception. They are an “organization chartered to work in the public interest” through “expertise in systems engineering, information technology, operational concepts, and enterprise modernization.” They do this work through “four Federally Funded Research and Development Centers,” with one focused on the Department of Defense, one on the Federal Aviation Administration, one on the Internal Revenue Service and U.S. Department of Veteran Affairs, and one for the Department of Homeland Security. Continue reading about MITRE…
Think back to your best school teachers. They probably went above and beyond teaching the school board mandated curriculum. They came up with new ideas for projects, experiences, and maybe even trips that would take your learning to the next level. But how did your teachers pay for these extras that weren’t in the budget? Maybe they fought tooth and nail to get some extra funding, or maybe they even paid for something out of pocket. No teacher should have to do that, and no teacher should have to scale back his or her teaching because of a lack of funding (within reason, of course). Luckily, there’s now a better way for teachers to fund classroom projects. It’s called DonorsChoose.org, and it’s a New York City based non-profit organization. The site allows teachers to propose funding requests for classroom projects. DonorsChoose.org users can search these requests for projects that appeal to them, and make donations to directly fund a given classroom project. Continue reading about DonorsChoose.org…
Happy St. Patrick’s Day! In past years we’ve looked at Shamrock Foods and Luck Stone to celebrate the holiday, but today we’re going to take a look at internships with Minneapolis, MN based General Mills because there’s no more authentic Irish breakfast than Lucky Charms. Now, it’s been a while since I last had a bowl of everybody’s favorite marshmallow-filled cereal—ok, it’s been a month—but it feels like it’s been much longer. Beyond Lucky Charms, General Mills’ brands include Cheerios, Pillsbury, Gushers, Haagen-Dazs, Betty Crocker, Cascadian Farm, and many more names that you’ll recognize from the center aisles in the grocery store. Most of them may have nothing to do with St. Patrick’s Day, but add some green food coloring if that’s what you’re really concerned about. Continue reading about General Mills…
I grew up in Fairfield, CT, which is next to a city, Bridgeport, that is always aiming for “revitalization.” They’ve talked about a building a casino for years, and they even built a minor league baseball stadium. It’s hard to say whether that has helped or hurt, but it seems that Bridgeport is at least doing a little better than it was a decade ago. I’d imagine that the real reasons for improvement have come from smaller projects that are more in tune with the city’s communities’ needs. These are the kinds of projects that The Reinvestment Fund invests in in cities in the Mid-Atlantic. They are “a 24 year old nonprofit financial lending institution with a strong social mission” and offices in Philadelphia, Baltimore, and Washington, DC. They started out as a small community development organization, and they’ve grown to become something much bigger. Continue reading about The Reinvestment Fund…
Over on One Day, One Job I’ve been collecting user data over the past week to help me make the site more useful. So far the survey has received hundreds of responses, and there are a number of common themes that keep coming up. It’s amazing at how well an 8 question survey can tell me about what you students want in a job search tool. For companies that need a little more than an 8 question survey, there’s Communispace, a Watertown, MA based market research company. Their name probably wouldn’t have made them too popular during the cold war, but fear of communism has been replaced with community building—which is what Communispace is all about. Continue reading about Communispace…
It’s the ultimate premium channel. The one that separates the haves from the have nots—at least when it comes to cable packages. HBO or Home Box Office is the pinnacle of cable television. Ok, maybe I’m going a bit far, but I remember how excited I was when one day HBO was suddenly part of my family’s cable package. The cable company made a mistake, and I was now able to watch all kinds of great movies in the comfort of my own home (and without having my mom take me to Blockbuster). Of course, HBO, which is based in New York City, isn’t just about movies. Their original programming is one of the key reasons that they have more than 40 million subscribers in the US. HBO’s series past and present include Arliss, Sex and the City, Entourage, The Sopranos, Fraggle Rock, and plenty of others. Then there are their documentaries and sports coverage. It’s why people pay extra for HBO (and Cinemax, its sister station): high quality programming without commercials. Continue reading about HBO…
You’ve probably heard of the World Bank, but do you know what it is? Now’s a good time to head over to Wikipedia to find out. The short version is that they’re “an international financial institution that provides leveraged loans to developing countries for capital programs” with the goal of reducing poverty. Bank Information Center is a Washington, DC based non-profit that helps “developing and transitioning countries to influence the World Bank and other international financial institutions to promote social and economic justice and ecological sustainability.” Basically that means that they work at the local level in countries across the world to make sure that the interests of the people are represented in the decisions of international financial institutions. Their aim is to democratize development. Continue reading about Bank Information Center…
I got a tip on this one from a fellow Cornellian (which is cool because a few of my friends from Cornell work at Rosetta). If you ever find a company that you think that we should feature, e-mail me at willy@onedayonejob.com. We feature a lot of interactive marketing agencies because they’re usually pretty big on hiring young talent whether it be at the intern or entry level. Rosetta stands out because of their size and sophistication—they almost seem more like a consulting firm than a marketing agency, at least in the way that they present themselves. For instance, they recently become a “top ten interactive agency” by means of an acquisition. That seems so different from the image that most agencies try to portray, but it’s working. Through “dedication to client work within Consumer Products & Retail, Healthcare, Financial Services, Consumer Technology & Media, B2B, and Travel & Hospitality industries” Rosetta “has created enduring partnerships with [their] clients including Scholastic, Coach, Borders, Johnson & Johnson, Bristol-Myers Squibb, Nationwide, Marriott and Microsoft.” Those are huge names, so you know Rosetta, which is headquartered in Princeton with offices in New York, Cleveland, Boston, Chicago, and Denver, is capable of delivering results. Continue reading about Rosetta…
The way that large corporations operate often boggles my mind. Take for example my friend who worked in the internal consulting division of a massive, well-known company. Despite being owned and operated by the company, his division had to bid against outside consulting firms for projects. There was a good reason for this (it forced the internal consulting division to watch its back), but it still seems a bit ridiculous. Another example of this kind of thinking is transfer pricing (don’t worry, I had to look it up too). It’s the “pricing of contributions (assets, tangible and intangible, services, and funds) transferred within an organization.” At first it may seem that since all of the money is going to the same place pricing things that are transferred within an organization doesn’t really matter. Unfortunately, that would cause all of the accountants in an organization (and the IRS too) to have a fit. So how do companies price these transfers? There’s no external market to set the price, and trying to do it internally can get really messy. That’s when companies bring in Ceteris a “global independent consulting firm specializing in transfer pricing, intellectual property and valuation services” that is headquartered in Chicago. Continue reading about Ceteris…
I’m a big proponent of making personal finance part of your career planning. By managing your money wisely (even if you barely have any as a student), you’re creating a project for yourself that you can use to demonstrate to employers how you’ll be an effective intern. When I need information on personal finance, I always look to Ramit Sethi, the founder of a website called I Will Teach You To Be Rich and the author of a book by the same name
I have to admit that the “jobs” that I’m most concerned with today is Steve Jobs. I can’t wait to find out what Apple is announcing today, and I wish that I had some relevant internships to bring you. I don’t, but I did come across a really cool list yesterday called 5 Butt Kicking Companies You (Probably) Never Heard Of. The list is exactly what it promises, as it features 5 later stage startups that are growing rapidly and hiring lots of people. The first company on that list is Palantir, a Palo Alto, CA based company (with another office in McLean, VA) that “is working to radically change how groups analyze information.” They were founded by former PayPal employees and Stanford computer scientists. Right now the company is focused on two verticals: Government and Finance. Both areas deal with massive amount of data and information, so it makes sense that Palantir is starting with them. Continue reading about Palantir…
I have no idea how I’ve made it through nearly two years of posts on One Day, One Internship without featuring ESPN. I covered ESPN’s entry level jobs on One Day, One Job, but never took the time to look at their internship program. As you probably know, ESPN is the “worldwide leader in sports.” They’re a huge media company with multiple television stations, a magazine, and an enorous web presence—they also have branded restaurants. When it comes to sports coverage, there’s no competition; ESPN is king. They also have an amazing employment brand not only because they offer jobs and internships in sports, but also because of their awesome commercials that take place in their Bristol, CT office. I have to imagine that internships at ESPN are some of the most sought after internships out there. Continue reading about ESPN…
Rarely do we feature companies that aren’t at least partially US based, but sometimes there are companies so interesting or relevant that I have to share them with you even though it would require a serious move (and probably some visa acrobatics) for you to land a job with them. Today we’re going to look at Ireland’s Intrade, a company that runs prediction markets. I originally learned about Intrade from Freakonomics
