Palo Alto, CA - Full Time - Ruby on Rails Developer - Neo (www.MyNeoLoan.com)
Neo provides affordable car loans to consumers new to credit, such as youth and recent immigrants, by assessing their credit risk based on real-time financial and social data as these individuals have not yet built up a credit score. (Yes, it is about time somebody tried this, and we have the chops to do so)
We are a team of four, with high profile advisors. Our beta product is ready, and we are executing our loan program. We have seed funding from a top VC (http://www.businessweek.com/articles/2012-07-26/social-plus-... - see page 2 for Neo). We are based in Palo Alto, two blocks from the Caltrain station.
We are looking for a serious hacker to join our core team. This is an opportunity to get involved in a cutting edge consumer risk analytics project that aims to disrupt the US credit system. Plus, consumers are our customers, so the project also involves working on all the cool tools consumers expect these days (web, mobile, social, etc). As a very early member of our team, you will have direct input into many of the decisions that will affect the future of our company
Drop me a note at navin@MyNeoLoan.com if you are interested.
Neo (www.MyNeoLoan.com) - Palo Alto, CA - Full Time - Ruby on Rails Developer
Neo provides affordable car loans to consumers new to credit, such as youth and recent immigrants, by assessing their credit risk based on real-time financial and social data as these individuals have not yet built up a credit score. (Yes, it is about time somebody tried this, and we have the chops to do so)
We are looking for a serious hacker to join our core team and help us execute our pilot loan program. This is an opportunity to get involved in a cutting edge consumer risk analytics project that aims to disrupt the US credit system. Plus, consumers are our customers, so the project also involves working on all the cool tools consumers expect these days (web, mobile, social, etc). As a very early member of our team, you will have direct input into many of the decisions that will affect the future of our company
Drop me a note at navin@MyNeoLoan.com if you are interested.
Neo (www.MyNeoLoan.com) - Palo Alto, CA - Full Time - Ruby on Rails Developer
Neo provides affordable car loans to consumers new to credit, such as youth and recent immigrants, by assessing their credit risk based on real-time financial and social data as these individuals have not yet built up a credit score. (Yes, it is about time somebody tried this, and we have the chops to do so)
We are a team of three, with high profile advisors. We have seed funding from a top VC. Our beta product is ready. We are gearing up to launch our pilot loan program in coming days.
We are looking for a serious hacker to join our core team and help us execute our pilot loan program. This is an opportunity to get involved in a cutting edge consumer risk analytics project that aims to disrupt the US credit system. Plus, consumers are our customers, so the project also involves working on all the cool tools consumers expect these days (web, mobile, social, etc). As a very early member of our team, you will have direct input into many of the decisions that will affect the future of our company
Drop me a note at navin@MyNeoLoan.com if you are interested.
We pay a stipend for the whole summer ($2K). I've heard everything from unpaid to $4K for the summer. More than that for a business intern, in my opinion, is unnecessary and doesn't get you kids who are there for the right reasons.
In most states (perhaps all), you must pay interns at least minimum wage unless they get college credit and you get no benefit to your business from the internship.
The fact is, sub-prime market is where banks make most of their money, not the prime market. These loans have ridiculous fees ($2000 in fee for $3000 car) in addition to high interest rates to bypass state usury laws. Banks don't really care, they get these fees and sell the loans to investors.
I am hoping to make some change in this market. I am working on a start up that would help those with limited credit, like Gen Y, get car loans at better than bank rates. More when I have a decent beta page ready, which should be soon :-) But would be interested to learn if those just starting their careers (18-24 yrs) are facing problem getting car loans at reasonable interest rates.
I have been using micromobs and like their service. It is a crowded space, so hope they can iterate on functionality quickly enough to find their sweet spot
Would be curious to see how you do going forward. Banks usually cut a lot of slack to customers with good deposit size. I have been able to get away with any fee with my bank. So it is the lower deposit, not so profitable customers, who pay fees.
The interest margin revenue source sounds fine, but you will be sharing revenue with your partner banks. Looks like the manage goals feature will be built further to suggest products around goals to generate revenue (Mint kind of play).
Me, I'd worry about the person whose most loyal employees were bad. It would mean they don't provide the kind of workplace where good employees stick around. The number one reason people leave jobs: they don't like their boss.
There are a lot of technically brilliant people who aren't looking to move for a 10% pay rise (unless they are grossly underpaid - sheesh, don't underpay your people). Great people will stay for a good boss (see above), a happy environment, a degree of creative freedom, opportunity to work independently, the chance to extend their skills, etc etc.
It's true that bad employees generally don't quit, though.
[Edit: Don't believe me? Ask Pixar what their staff turnover rate is. Is Pixar full of bad employees? Methinks not.]
i wouldn't consider that to be a rule of thumb, but it is definitely something worth mulling over as an employer.
i know a good number of employees who were extremely loyal not because they were bad, but because they had been with a company for so long that their skillset had narrowed from deterioration down to exactly what their job was, and they were very good at it.
Of course, not a rule of thumb. I guess loyalty comes in many flavors. Loyal good employees with not so aggressive career ambition is probably one of the good flavors for an employer. It is the loyal bad employees flavor one needs to watch out for.
I somewhat take issue with the re-wording, if only because I equate loyalty to so much more than 'sticking around'.
The statement, "bad employees don't quit" holds more water than "bad employees are more loyal." If they were more loyal, their loyalty would offset their badness, generally speaking. It's possible to have an imcompetent employee who tries really hard, but generally, the 'bad' employees are the ones who could do better, but who aren't loyal to the work, loyal to the customers, or loyal to a work ethic.
I don't know if that's what the other responder meant, but the rewording you put makes it slightly less accurate, though I definitely agree with the sentiment.
Nice post Jason! Haven't seen you in a while, you used to frequent VLab planning meetings
You may want to add "Getting their point across" to the list too. Communication skill (and negotiation skill) is very important for tech co-founder role. Early on, the business co-founder may be the voice of all decisions made by the company. But, as the company grows, the tech co-founder will need to defend his decisions to board members and outsiders.
This is Navin. Pretty sure you are the same Jason who helped with the MIT/Stanford VLab Lifestreaming event couple of yrs ago. Ryan Junee and I were leads for the event. I believe you were doing Publictivity back then
Neo provides affordable car loans to consumers new to credit, such as youth and recent immigrants, by assessing their credit risk based on real-time financial and social data as these individuals have not yet built up a credit score. (Yes, it is about time somebody tried this, and we have the chops to do so)
We are a team of four, with high profile advisors. Our beta product is ready, and we are executing our loan program. We have seed funding from a top VC (http://www.businessweek.com/articles/2012-07-26/social-plus-... - see page 2 for Neo). We are based in Palo Alto, two blocks from the Caltrain station.
We are looking for a serious hacker to join our core team. This is an opportunity to get involved in a cutting edge consumer risk analytics project that aims to disrupt the US credit system. Plus, consumers are our customers, so the project also involves working on all the cool tools consumers expect these days (web, mobile, social, etc). As a very early member of our team, you will have direct input into many of the decisions that will affect the future of our company
Drop me a note at navin@MyNeoLoan.com if you are interested.