Since I’m too young to remember it, I’m sure that many of you are too. In 1989 “a major environmental disaster shook public confidence in corporate America—the Exxon-Valdez oil spill.” It made the environmental costs of business finally feel real to many people, and it resulted in the founding of a non-profit organization called Ceres. They are “a national network of investors, environmental organizations and other public interest groups” that work “with companies and investors to address sustainability challenges such as global climate change.” With the BP oil spill among other environmental crises, it’s quite clear that Ceres has lots more work to do after 20 years of operations. Still, Ceres, which is based in Boston, MA, has accomplished quite a bit in their mission to “integrate sustainability into capital markets.” They launched both the Global Reporting Initiative, which is “now the de-facto international standard used by over 1300 companies for corporate reporting on environmental, social and economic performance,” and the Investor Network on Climate Risk, which is “a group of more than 70 leading institutional investors with collective assets of more than $7 trillion.” They’re obviously a major player in sustainability, and they’re taking the right approach by working with businesses instead of fighting them. Continue reading about Ceres…
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…
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…
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…
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…
Yesterday I was talking to a friend who is convinced that everyone in Chicago is a consultant. I know a lot of consultants here, but my take is a little different. I’m pretty sure that every guy that I’ve met here who is between the ages of 23 and 32 is a “trader.” They never tell you what they trade unless you ask—it almost seems like they’re being evasive. Maybe it’s all about creating a mystique about being a trader. Anyway, one of my “trader” friends happens to work at Jump Trading (he likes it), a high-frequency trading shop based here in Chicago. From what I can tell on their website, Jump Trading is less concerned with what they’re trading and more concerned with how they’re trading. They put a huge emphasis on technology, and they’re trying to take advantage of the fact that “the world financial markets are becoming faster, more complex, and more automated every day.” Continue reading about Jump Trading…
I was lucky enough to graduate from college without having had to take out any student loans, but even if I had needed to take out a loan, at least it would have been before the “credit crunch.” These days it’s a lot harder for students to finance their educations than it was just a couple of years ago. Credit in general is extremely tight right now, and beyond that, lenders are being very picky about whom they lend to. For students with no credit history, getting a loan can be a big pain in the butt. People Capital is a New York City based startup that is aiming to change that through what they call a “peer-to-peer lending platform.” They’ve developed a Human Capital Score “to assess the creditworthiness of those just starting their credit histories,” and they’re now building out a network of borrowers and lenders to bring the idea to life. It’s kind of like Kiva for education, but with a for-profit incentive keeping things efficient. Continue reading about People Capital…
After I graduated from college, I decided to take a responsible approach to my personal finances (and I wish I had done it sooner, so all of you current students listen up). It took me a while to get my act together, but once I did I started investing in the stock market through Scottrade, an online discount brokerage company that is headquartered in St. Louis, MO. (And before I go on with more information about Scottrade’s jobs, I need to give Ramit Sethi’s book, I Will Teach You To Be Rich
As we noted when we featured Blizzard’s entry level jobs on One Day, One Job, video game sales tend to do really well when unemployment is high. Although looking for internships can be frustrating, and buying a Wii/Xbox 360/PS3 and camping out in your parents’ basement for the summer may seem like a good idea, it’s not. That’s why Jason Seiden and I are announcing our 21 day online job search training course today. It’s called Found Your Career, and it’s open for enrollment. We’re offering an introductory price to the first 100 students to sign up, so get in before the price goes up. It’s a great way to put all of that video gaming energy to good use (and it’s much more affordable). The course is intended for entry level job seekers, but all of the lessons apply just as much for interns. Another way to put that energy to use is by considering internships with Santa Monica, CA based Activision, the company that is behind Guitar Hero, Call of Duty, and many more games. Video games are hot now, but now’s not the time to hone your expert level skills on Guitar Hero, it’s time to hone your internship search approach by developing new skills and focusing on industries that are still growing in tough times. Continue reading about Activision…
If you’ve been keeping up to date with our daily internship posts, you know that we’re starting to scrape the bottom of the barrel. We’re not saying that the Summer opportunities that are available in late (yes, the 22nd is late) May are necessarily of lower quality, but it’s like a Black Friday Sale – the good stuff usually goes fast (and the best internship programs usually do their hiring months in advance). Well we were shocked to come across a company called Russell Investments that is one of Fortune’s 100 Best Companies to Work For in 2008 and is still hiring Summer interns. We actually found out about these internships from the Twitter profile of Amod Damle Russell’s Manager of College Recruiting. Continue reading about Russell Investments…
We’ve spent the last few months dreaming up ways to trick you for April Fools’ Day. We considered writing about six figure internships or writing about an internship with an A-list celebrity, but nothing really seemed all that funny – or believable. The web is all about pranks on April 1st, and we’re just going to stay out of it. Instead we’ve found a company that is not only relevant to today’s holiday, but is also hiring college students for Summer internships. We’re talking about the Motley Fool, a company that aims to “educate, entertain, and enrich” its customers with excellent financial advice. What company could be better to feature on April Fools’ Day than the one that owns Fool.com? Continue reading about Motley Fool…
