Y Combinator-backed employment platform 70 Million Jobs is launching a new social network geared toward helping formerly ...
Reentry is very, very broken
There are 70 million Americans – 1 in 3 adults – that have some kind of criminal record, and they all face unbearable challenges in achieving a successful reentry. Whether it’s landing a job, finding housing, or joining a community, the odds are stacked heavily against them. The unemployment rate for people with records exceeds 50%, and there is a 75% chance they will be rearrested after their initial release. Commissary Club will disrupt this very broken system.
The exclusive social network for people with criminal histories
We launched 70 Million Jobs four years ago with the goal of helping the formerly incarcerated find employment. By any measure, we've had great success, helping thousands of deserving men and women land jobs. Along the way, our community of 11M+ told us that in addition to employment help, they were hungry to be part of a larger community. We knew that building a digital destination where they could meet, share advice, and serve as role models and inspiration, should be our next priority. In response, we built Commissary Club.
We continue to do employment work and expect it will be an integral part of our product mix. But with our new company name & product, Commissary Club, we are dramatically expanding both the size of our market and the services we're providing.
All the necessary resources in one place
Commissary Club makes all of the essential resources needed by a returning citizen available in one place: employment, housing, education, mentorship and more.
Commissary Club evolved out of the success of 70 Million Jobs
We've helped thousands of deserving men and women land jobs, more than any organization has ever done before.
Introduced just a few months ago, Commissary Club is already a big hit. Our active user base is growing 5-10% week over week, and people are starting to notice. Check out our feature in TechCrunch
Our clients love us. We've helped them with jobs, but we've just begun
We’ve established ourselves as a trusted partner for people eager to lead a new, productive life after prison. Our first job was to get them employed. Now, they’re asking to connect with one another. Through our user feed, video groups, chat rooms, and special events, we’re bringing people together to learn, to grow and become productive members of society.
One of our most popular community events is Tha Yard, a weekly virtual hangout where we highlight and humanize individuals who have spent time in prison. If you'd like to check it out, it happens every Thursday at 5pm PST/8pm EST. It's 100% free. REGISTER here: www.bit.ly/ThaYard
Multiple revenue streams
We will continue making money by providing employment services, under 70 Million Jobs. Job seekers never pay a penny; we get paid by employers.
On Commissary Club, we make money several ways: advertising, subscriptions, and referral fees. With our current success, we project revenue of $40M by year 3.
Reentry impact: 170 million people, $344B annual market
There are 70 million Americans with records, but additionally, their 100 million family members and friends are also in desperate need of the services that we can provide.
Economically speaking, states, counties and the federal government spend hundreds of billions every year on reentry, and get very little in return. Not only is our tech-enabled, data-driven solution far more effective, it’s also less expensive for everyone. Now more than ever, our services are greatly in demand.
We only focus on people with records
While there are many other job boards and staffing companies, we only focus on the formerly incarcerated.
As it relates to social networks, we are unaware of any other company that competes with us in this space. This gives us a huge advantage and provides a stiff barrier to entry to any would-be competitor.
A historic opportunity to address all the needs of a huge, emerging population
As one of the few for-profit companies marketing exclusively to this huge population of formerly incarcerated people (and their friends and family), we have an unprecedented opportunity to both drive explosive revenue growth while achieving massive social good. We call this "double bottom line returns."
$1.7M in funding to date
Our parent company 70 Million Resources, Inc., has raised $1.7M in funding from investors including Y Combinator, Founders Fund, Insight general partners, MaC Capital and Quake Capital. We are currently raising a seed extension round with a target of $2M. Investments are done through a SAFE with a $10M market cap. Proceeds will be used to further build out our platform, marketing and key personnel hires.
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