If most job seekers use LinkedIn, it's less useful if you've spent some or all of your adult life incarcerated and don't ...
Early Bird Special: $8M Valuation Cap for Crowd SAFE units sold until 12:00 PM PST on Jan. 20, 2020; $10M Valuation Cap thereafter
Problem
70 million chances to change the world
70 million Americans — 1 in 3 adults — have a criminal record, and most have trouble finding employment after incarceration. Not only do they face difficulty finding a job; without this stability and purpose, nearly 80% of those released from jail or prison will be re-arrested.
Ironically, while the rate of unemployment for the formerly incarcerated is nearly 30%, the rest of the country is experiencing historically low unemployment.
We match the millions of deserving men and women, desperate for a job, with the millions of available positions in corporate America, solving two very big problems at once.
Solution
The first national for-profit employment platform for people with criminal records
70 Million Jobs is the first national for-profit employment platform to help those with records find employment. We address both sides of the market, offering an avenue for job seekers to find opportunities — while giving employers access to a huge pool of largely ignored and available talent. We operate both a job board and a staffing business.
Product
We make job hunting simple. For everyone.
If you have a criminal record, finding a job presents unique challenges. We're experts in working with the formerly incarcerated and know what it takes to eliminate these challenges. We’ve made the job search process quick and easy for anyone with a criminal record.
70 Million Staffing
70 Million Jobs
Mobile version
Traction
A community of millions. 2,000+ jobs created.
We’ve secured jobs for over 2,000 deserving men and women since we began.
Projecting a big jump in revenue with the introduction of our staffing business in late 2019
Since we introduced our staffing business in the end of October 2019, our revenue has grown dramatically. We project 2019 revenue to total nearly $200,000 and $3.5 million in 2020.
We're known by the company we keep.
We're proud graduates of Y Combinator, and partner with the City of Los Angeles, the City of San Francisco, and the Society for Human Resource Management (SHRM).
Companies love our workers.
Customers
An invaluable resource for the country's largest employers.
We work with some of the largest employers in the country, in industries including manufacturing, construction, warehouse and shipping, food service, customer service, administrative, and technology. Employers address their critical hiring challenges by accessing our vast pool of labor, while also meeting important diversity and inclusion initiatives.
Business model
A pricing model that works for all employers
On our job board (70MillionJobs.com), employers pay an advertising fee to showcase their jobs. Within our staffing business (70MillionStaffing.com), we serve as employer of record (we handle payroll, taxes, worker's comp, etc.) and mark up all costs, which are passed on to the employer.
The job seeker never pays a penny for our services.
Market
Addressing a $160B market
The staffing and job board industries are big business in the US: $160 billion+. Inasmuch as we alone are focused on the formerly incarcerated, representing 1 in 3 adults, we believe that there is a multi-billion dollar market opportunity available to us.
Competition
A virtual monopoly in a vast emerging market
We are the only national, for-profit company currently dedicated to providing employment opportunities to the formerly incarcerated. There are many other job boards and staffing agencies generating billions of dollars in revenue, but none focus on those with records. And there are also many community organizations and non-profits that work in reentry, but their focus is only on those recently released; we focus on the much larger population of those released three years ago, seven years ago, 20 years ago. Attitudes — and laws — are changing fast regarding how we view the criminal justice system. We think we're ideally positioned to capitalize on our first-mover advantage and positive reputation in the space.
Vision and strategy
Eradicating recidivism
Our goal certainly isn't modest. We believe that every person deserves a second chance, and that begins with landing a job. As we reach our funding goal, we hope to expand our network and scale our operations to continue chipping away at the root cause of recidivism: unemployment. We're obsessed with finding jobs for one million deserving men and women. We're off to a great start!
Funding
$1.4M in funding to date
70 Million Jobs has raised over $1.4M in funding today from prominent investors, including Founder's Fund, Insight partners, MaC Venture Capital, Quake Capital, and Y Combinator. By reaching our fundraising goal of $3M, we hope to build out our team so we can enhance our platform and provide more individuals a pathway to employment.
Founders
Richard Bronson, Founder/CEO
Before launching 70 Million Jobs, Richard served as Director of Defy Ventures, a 501(c)3 organization dedicated to providing incarcerated men and women second chances upon release. Before that, he was a co-founder of the popular nostalgia website, DoYouRemember.com. His career began on Wall Street, where he managed money at Lehman Bros. and Bear Stearns. He eventually went on to found Biltmore Securities, a registered broker-dealer based in South Florida. Richard grew Biltmore to nearly 500 employees generating $100 million in annual revenue. After Biltmore, Richard founded Channels Magazine and launched several successful consumer product and service businesses. Richard was convicted of securities fraud in 2002, arising from his activities in the 1990s and served two years in a Federal prison camp.