About

Pursuit focuses on connecting underserved communities with opportunities in the technology sector. It offers a Fellowship program in New York City that provides one year of intensive training in technical and professional skills, followed by three years of career support. This program is unique because it requires no upfront costs from participants, making it accessible to those who may not afford traditional education. Pursuit also assists employers through its Pursuit Commit program, which helps companies hire and retain engineers from non-traditional backgrounds by providing ongoing support and training. The company generates revenue through partnerships with employers and is exploring innovative funding options to support its programs. Pursuit aims to significantly increase the income of its Fellows, contributing to individual and community development.

Simplify's Take

What believers are saying

• Pursuit's graduates see a 400% income increase, transforming individual and community economic status.
• The partnership with Ballistic Ventures addresses the cybersecurity skills gap with diverse talent.
• Macquarie Group's $2.75M investment supports Pursuit's growth and social impact initiatives.

What critics are saying

• Over-reliance on single funding sources like Macquarie could pose financial stability risks.
• The cybersecurity program may struggle to scale due to rapidly evolving threat landscapes.
• Economic downturns might reduce company investments in workforce development, affecting revenue.

What makes Pursuit unique

• Pursuit offers a unique four-year program with no upfront costs for fellows.
• The company partners with tech firms to retrain blue-collar workers, enhancing workforce diversity.
• Pursuit's income share agreement model aligns with the growing trend of alternative education financing.

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