Press Release

For More Information:
Christine McCarty
For YouTern
800.652.6014 x. 402
cell 314.650.7580

First Online Community to Connect Start-ups and Interns
Launches Pilot Program in California

YouTern helps today’s innovative businesses engage rising talent
– while tomorrow’s entrepreneurs gain critical work experience

Irvine, CA – May 14, 2010 – Today, YouTern – a first-to-market online community for internships linking exceptional talent to start-ups and entrepreneurial companies – announced the launch of their pilot program. Available now in California, YouTern plans to expand across the country over the next 12 months.

“The rules have changed for young talent entering the workforce,” said YouTern CEO Mark Babbitt. “Students don’t have jobs waiting for them at graduation and must now plan their career paths years in advance. In our new economy, a career-relevant internship is the key to success.”

YouTern is the first online resource for entrepreneurial driven students to obtain an intern position outside the Fortune 1000 arena. Over 100,000 start-ups created each year in the United States will now have an effective tool for engaging emerging talent for intern positions. YouTern helps students prepare for their professional careers by connecting them to start-up executives willing to serve as mentors in exchange for quality contributions from eager talent.

According to the Center for Economic Policy and Research, as of March 2010, 45 percent of young adults under 25 remain unemployed. And in April 2009, 80 percent of graduates did not have a job secured prior to graduation – up from just 49 percent in 2007, according to the National Association of Colleges and Employers (NACE). NACE has also found that the number of college students planning to gain critical experience through an internship in their field of study increased dramatically from 10 to almost 70 percent – and that employers anticipate offering employment to 70 percent of their interns.

“Bring me a quality solution for the entrepreneurial-minded student and I’ll be your biggest champion—this is what students need,” said Don Lubach, Assistant Dean of Students, University of California, Santa Barbara.

YouTern appeals to the young workforce’s growing predisposition to “create” in a small company. Gallup studies show seven out of 10 high school students want to start their own companies. According to the Ewing Marion Kauffman Foundation, in 1970 only 16 business schools in the U.S. offered entrepreneurship classes. Driven by the desires of today’s young talent, today more than 2,000 colleges and universities offer entrepreneurship courses.  Until YouTern, however, today’s students had no way of connecting with entrepreneurial companies outside of “who do mom and dad know.”

One of YouTern’s unique features is its matching technology. This intuitive process collects parallel input from intern candidates and companies seeking interns, including degree/major, business category, geography, hours available and additional criteria. YouTern then ranks the compatibility using a specially designed algorithm and delivers potential opportunities to interns and employers who opt to receive notification of potential matches via text, or email. End users can set their matching tolerance level; for example, choosing to see matches that are 50 percent or more compatible – and only qualifying matches will be delivered. Additional YouTern features include prescreening questions and an easy-to-use Web 2.0 interface.

YouTern is launching its pilot program in California because the Golden State has the highest concentration of start-ups and start-up related investments. California is also familiar territory for the creators of YouTern, as executive team members have been instrumental in the rapid growth of online recruiting startups, including Silicon Valley’s WorkMetro, now a part of           

“We’re very excited about the future of YouTern,” said Joe Gagliano, Vice President of Marketing at YouTern. “Future versions will include embedded social networking where the student – starting at freshman orientation – will begin to assemble their first professional network while maintaining relationships with like-minded peers, professors, employers and mentors.” Gagliano added, “YouTern will become the de facto standard for establishing successful career paths for young professionals."

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