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WayUp

Winter 2015Acquired

Marketplace for employers to recruit college students and recent grads

Save
WayUp logo

WayUp

Winter 2015Acquired

Marketplace for employers to recruit college students and recent grads

Save
Company details

WayUp is the #1 way to hire the right students and recent grads. We are the leading digital solution for employers to reach, engage, and recruit students and recent grads for internships and jobs.

Find out more information at: http://www.wayup.com

Location
New York City, NY, USA; New York, NY, USA
Founded
2014
Category
Marketplace
YC Directory Pagewayup.com
Founders
  • LW
    Liz Wessel
    Founder/CEO
    X / TwitterLinkedIn
  • JF
    JJ Fliegelman
    Founder/CTO
    X / TwitterLinkedIn

WayUp is the #1 way to hire the right students and recent grads. We are the leading digital solution for employers to reach, engage, and recruit students and recent grads for internships and jobs.

Find out more information at: http://www.wayup.com

Location
New York City, NY, USA; New York, NY, USA
Founded
2014
Category
Marketplace
YC Directory Pagewayup.com
Founders
  • LW
    Liz Wessel
    Founder/CEO
    X / TwitterLinkedIn
  • JF
    JJ Fliegelman
    Founder/CTO
    X / TwitterLinkedIn

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On this page
  • Overview
  • Founding Story
  • Timeline
  • What They Built
  • Market Position
  • Target Customers
  • Market Size
  • Competition
  • Business Model
  • Traction
  • Post-Mortem
  • Candidate reach needed recruiter workflow
  • Early-career identity worked and narrowed the ceiling
  • The pandemic accelerated the fit
  • Key Lessons
  • Sources

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Exec Briefing

Actionable insights

If you only have a few minutes to spare, here’s what investors, operators, and founders should know about WayUp (W15).

  1. Translate experience before filtering. First-time applicants needed profiles that made projects, campus work, and interests legible to employers.
  2. A narrow life stage sharpened the product. Students and recent graduates shared needs that general job boards handled poorly, though users eventually aged out.
  3. Candidate reach was half the system. Recruiters still needed events, evaluation, and process management. Yello supplied the workflow around WayUp's marketplace.
  4. The merger followed recruiting online. Remote hiring weakened campus events as the only channel. A national candidate network paired naturally with virtual recruiter software.

Overview

WayUp matched college students and recent graduates with internships and entry-level jobs, giving employers a digital alternative to a campus-by-campus recruiting tour. Liz Wessel and JJ Fliegelman started it as The Campus Job in 2014 and joined Y Combinator's Winter 2015 batch.[1]

Yello acquired WayUp in July 2021 and later renamed the employer product Yello Sourcing. WayUp owned candidate reach; Yello owned campus recruiting workflow, events, and evaluation. The combination joined marketplace supply with recruiter software.[2]

Founding Story

Wessel first noticed the broken campus market when Anheuser-Busch asked her, then a Penn sophomore, to recruit mechanical-engineering students as a campus ambassador. She wondered why a large company needed a student intermediary.[3]

She built an earlier project for campus ambassador jobs, then went to Google after graduation. At Google, she saw the other side: recruiters faced huge applicant volume but struggled to find quality and broaden access.[4]

Wessel found Fliegelman by accessing a Penn hackathon signup list, reading the applicants, and inviting the strongest engineer to meet at City Tap House. He knew her “friends recommended you” story was invented, but met anyway.[1]

The Campus Job widened from part-time work to internships and full-time roles, making its name inaccurate. “The Campus Job doesn't make sense,” Wessel explained, because it implied only school-year part-time jobs.[5] WayUp let the product follow graduates beyond campus.

Timeline

  • 2014: Wessel and Fliegelman founded The Campus Job.
  • Winter 2015: The company joined YC and later became WayUp.
  • May 2017: WayUp reported 3.5 million profiles, 50 employees, and $27.5 million raised.[3]
  • July 13, 2021: WayUp announced its combination with Yello after four record sales quarters.[6]
  • 2022: Yello renamed the employer product Yello Sourcing.[2]

What They Built

Students created profiles with education, work, interests, skills, hobbies, and other experience that a conventional résumé might discount. Matching software suggested roles and let qualified candidates apply through employer systems without leaving WayUp.[3]

Employers bought access to early-career candidates beyond the schools they visited. WayUp added career advice, employer branding, candidate sourcing, and a diversity-focused recruiting product. Its candidate network crossed thousands of universities, including minority-serving institutions.

The marketplace addressed two kinds of scarcity. Students lacked work history and insider connections. Recruiters lacked an efficient way to find relevant candidates across many campuses. WayUp translated nontraditional experience into searchable evidence and moved early screening online.

Market Position

Target Customers

WayUp served students and people with zero to five years of experience. Employers ranged from startups to large campus programs seeking internships and first jobs.

Market Size

WayUp reached 3.5 million profiles by 2017 and nearly 7 million users by 2022.[3][7] These are user totals, not active job seekers or hires.

Competition

Handshake had deep university distribution. LinkedIn, Indeed, and Glassdoor had broad employer and candidate reach. Campus career centers held institutional relationships. WayUp competed through direct candidate acquisition, early-career focus, and employer diversity sourcing.

Yello approached from recruiter operations. Its software covered events, evaluation, and the campus recruiting lifecycle, but it needed candidate supply beyond scheduled events. Buying WayUp closed that gap.

Business Model

Employers paid for sourcing, branding, and recruiting tools; candidates used the marketplace. The company raised $27.5 million by 2017.[3] Public sources do not disclose revenue, pricing, retention, acquisition price, or investor returns.

The model depended on candidate attention and employer results. A large profile count attracted recruiters only if enough users were current, qualified, and responsive. Employer contracts funded acquisition and content, but recruiting demand varied with hiring cycles.

Traction

Yello reported nearly 7 million users a year after acquisition, with jobs posted up 173% and applications up 86% year over year in the first half of 2022.[7] The buyer also reported 388% customer growth. None of those figures isolates hires or WayUp revenue.

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