I have an idea for you. So, um, I call this my new Lambda School idea. Um, have you ever, do you guys have like an office administrator or office admin? I don’t know if you guys are We have, yeah, I mean, we have someone who handles stuff, yes. And like HR and things like that. Right. I’m talking more like, um, so admin work or like an executive assistant or a secretary. Do you have anybody like that? Have you ever? So, recently, um, I’m uh at at my work, we’re hiring an EA, right? So we had an EA, she left, we had to hire a new executive assistant. And so, um, they put me on the hiring panel and I’m like, okay, I don’t even know what questions I’m supposed to ask. Like, I I I don’t really know what the background does, should be looking for, all that stuff. So I started thinking about this, started looking it up. So, it turns out that, um, office administrators or or secretaries or or executive administrators, uh, EAs, it’s one of the most popular jobs in the country. Um, and it’s also something where, so there’s about, you know, let’s say 600,000 I think in the US. Um, and they pay pretty well. Uh, so it doesn’t require tons of specialized skill. It’s pretty much anybody can learn to do this if you’re, you know, somewhat competent. But you can make 50, 60, 70, 80k, um, doing this. I thought, that’s a pretty good paying job and I know at our company, the EAs, they’re critical. Um, they do such an amazing job. They they’re they they they help and all the senior leaders do what they do. And so I started thinking about this and I said, could there be a Lambda school for EAs? Because I think this is something that in three months you could teach people the core skills that you need around calendaring, booking travel, um, you know, note taking, all the different sort of core components that you need to do to do this job well. Um, you know, it’s not rocket science. You just need to learn the tools and learn the sort of dos and don’ts. And then I think companies when, you know, like us, when we’re hiring for this, um, there’s no like school or degree that you look at where you’re like, oh, because you have this degree, you’re going to do a good job. And so it’s usually like, do you already have experience doing this or not? But that’s a catch-22 because how do you break in if if everyone wants to hire for somebody who already has experience doing it? And so I’m thinking that you could create a program that, uh, tells offers people and says, hey, in three months, we can train you for a job that’ll pay you 50, 60, or 70k a year. And it’s a job that has good, you know, work-life balance and all these other characteristics of it. And so, and you could use the Lambda School model where you take an income share agreement, you say, great, I’m training people for three months. It costs me $3,000 to do this remote virtual school, but I make back, you know, up to 15k, 17k per candidate that gets placed into a job, um, over time. What do you think of this idea?
OrgOrg.co [02:44]
Fucking love it. And I’m looking it up right now. Um, orgorg.co. Have you heard of OrgOrg? No, that’s a hilarious name though. We use it. Um, let’s see how big their team is. That can kind of tell us how big they are. But okay, what OrgOrg is is it’s a community slash community slash uh job board. It’s like a I don’t know how you would describe it in one word. It’s a OrgOrg is a 100% volunteer run organization. Uh, we have job board, blogs, resources, we have private groups and an email list and it’s all for HR and executive assistants. Office manager, HR departments and DIY uh admin assistant. Like, you know, whatever. It’s and so my uh our old EA was on this and it was an email list and they and they would send out blasts like, hey, I’m looking for uh the best IT person. Our company’s small. We only have a budget of $2,000. Who do you recommend? Or like when I wanted to hire a new EA, I had a friend post a listing on there and I got tons of applicants. What I would do with your idea is I would either buy this company. Man, these these the lady who runs this, I forget her name, but she could be making millions off of this, but I don’t think she is. I bet she’s making hundreds of thousands of dollars, so I would buy that. I would buy that. Buy it or become the platinum sponsor for, you know, fair a fair rate and use it for for the sort of user acquisition. And there’s this powerful thing because, um, once you build the brand that, hey, yeah, this it’s like a staffing agency, right? But it’s a it’s a big internet internet version of a staffing agency. And once you place some people, two good things happen. The first is, you get a reputation that says, hey, our EAs have been hired by company A, B, C, D, E, and we become we become a trustworthy source for good good EAs. But then also, right now, all the candidates in our current EA pipeline came from our existing EAs, people they knew from their network. And so is your alumni become your hiring become your hiring partners. And so the more alumni you place, the more opportunities you have for your own graduates. And so I think that’s like the real power of uh of the Lambda School model. And unlike developers Well, okay, so the Lambda School model, you got to break that shit down. Lambda School model, you’re saying you train them for free and then you get a percentage of their salary. Yes. You train Do you love that model for everything? Uh, not for everything necessarily, but I think when you have a low cost of training, uh, it’s a great model because it it reduces the friction to join because you say, well, it’s free. And so uh it’s I only I only have to pay them if I get a high paying job out of this. So your incentives are aligned, right? Because we want you to get a high paying job, but you came to us to get a high paying job. We only get paid if you get a high paying job. And if you get a high paying job, this is a reasonable payback for uh for us providing that service to you. And so I think anyway, any place where you have a low cost of training, this is uh a very good mechanism. It’s just a debt mechanism. It gets a lot of hype, but really it’s just a debt vehicle. And um but I think it’s a good debt vehicle for for this.