Gen Z is officially on the job market — and they want to work in NYC
If you have a niece or nephew you may already know — but Generation Z (loosely defined as those born in the late '90s and early 2000's) is all grown up and ready to work. Glassdoor recently analyzed the data on the youngest generations of job seekers and found two trends: they are highly technical, and they are looking for work in New York City.
According to the data, software engineering roles are among the most popular job titles; accounting for 19 percent of all applications submitted in a three-month window. Tech, in general, was considered the most favorable industry. Finally, nine percent of all job applications were for positions located in NYC, making it the most popular city for job applicants (Los Angeles came in at No.2 with six percent). Feel old yet? [Read More]
VAST Data raises $40 million to change the way that data is stored
VAST Data believes it can revolutionize the way data is stored — and indeed the NYC-based company is already well on its way. Earlier this week, the company announced it had closed a $40 million funding round, with the cash coming from an impressive selection of sources: Northwest Venture Partners (a subsidiary of Wells Fargo), 83 North, Goldman Sachs and Dell Technologies all participated in the latest round.
Coinciding with the funding announcement, VAST also announced its latest product development: the VAST Universal Storage System. The tool aims to increase the use of flash-based storage, as opposed to spinning disk-based storage, by decreasing the deployment costs. [Read More]
Insurance tech market sees growth as The Guarantors raises $15M
Just last week, we reported on the explosive growth of insurance-focused startups in New York City (hey, it makes sense — there’s a lot of simultaneously expensive and breakable stuff around these parts.) This week, the industry continues to grow with The Guarantors closing a $15 million Series B funding.
Founded in 2014, The Guarantors helps individuals secure apartment leases, even if they don’t meet the often-stringent requirements set forth by New York landlords. For example, many NYC landlords have a rule of thumb that all incoming tenants must make 40 times (or more) the monthly rent to even quality (once they see that credit score, well). Some people circumvent these asks by using a traditional co-signer, such as a parent, to provide “insurance” to the landlord against potential damage, missed rent, and more.
The Guarantors knows that not everyone has access to those resources, but everyone does need a place to call home. So, the startup uses its resources to assess potential tenants, coordinate with landlords and keep everyone involved insured. Finally, your dream apartment is within reach.
Odds and Ends
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Not an odd or an end, but mostly a story that’s just too big to summarize: After years of back and forth, AT&T has been cleared by a federal court to purchase Time Warner for $81 billion. [Read More]
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Kryon Systems raised $40 million this week to help “realize the dream of a robot [helping] every employee.” [Read More]
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Kid-focused brand Rockets of Awesome raised $19.5 million in a Series C round, led by Foot Locker. [Read More]
