Pandemic-Weary CS Students Tempted With Gap Years By Recruiting Startups

Long-time Slashdot reader theodp shared this report from Bloomberg News:

To many college students, the prospect of a year of school during a pandemic — with virtual classes, restricted movements and no parties — is a huge bummer. Some Silicon Valley startups, hungry for young talent, see it as an opportunity. Over the past few months, several companies have presented an alternative to school: a remote internship, aimed specifically at young people looking for alternatives to a dismal school year.

Dozens of Silicon Valley startups are looking to hire fall interns, according to a list assembled by startup accelerator Y Combinator. This month, venture firm Neo organized a virtual career fair for 120 students and a range of startups, hoping to match pairs for internships during the upcoming academic year. And venture firm Contrary Capital is offering to invest $100,000 in five teams of entrepreneurs if they take a gap year from school to build a company. Such arrangements allow interns to get paid and learn on the job, while avoiding paying tens of thousands of dollars for Zoom University. It also means that companies willing to improvise on hiring and gamble on younger workers may get new access to fresh talent.

Ali Partovi, Neo's chief executive officer, said the firm surveyed 120 students who are part of its mentorship programs and found that 46% of them are interested in taking a gap semester and 21% are interested in taking a gap year... Nimbler startups willing to experiment could gain access to star students who might otherwise have wound up in summer jobs at giants like Facebook, Alphabet or Apple, managers say. "Usually you would fight to get on the radar with people, and here people are reaching out," said Emmanuel Straschnov, the co-CEO of Bubble, an app design service. Compared with regular recruiting, he said, "It's like night and day."
The ultimate payoff isn't just the student labor. "With recruiting you always play the long game," said Nick Schrock, CEO of Elementl, a developer tools startup that's planning to hire three gap-year workers this fall. "A great intern who has a great network can often yield compounded returns later down the line."
Students are assessing the trade-offs critically, and trying to decide if what they're getting from schools is worth the cost, especially if classes happen virtually.

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