Accel Partners is leading a $1.8 million investment in Collegefeed, a service that combines crowdsourcing with social networking to connect students with each other and potential employers.
The platform offers a Facebook-like news feed where students can access tuition help, job opportunities, interview-preparation help and access to alumni and mentors.
Last month, the company launched a Netflix like recommendation tool. With algorithms and crowdsourced data from CrunchBase, Angel List and other sources, the service makes recommendations about what employers students should be interested in. Over time, it will recommend particular jobs and similar people based on their own profiles and other data.
As the networks grows, it will provide the ability to connect like and not like-minded students in different contexts such as how students compare competitively to their colleagues across shared interests.
The Colllegefeed service launched in May, offering the service to three engineering-focused schools in rhe Silicon Valley: Stanford, Carnegie Mellon SV and the University of California at Berkeley. It is now broadening to other universities and also catering to students studying the liberal arts, sciences and other disciplines.
Like LinkedIn, Collegefeed uses data as the foundation of its service. It also offers unique packages such as its award service it will launch in September. Employers will offer challenges with winners receiving cash awards and opportunities such as expense-paid trips to spend a day with an employers.
Collegefeed has a distinct service that differentiates it from LinkedIn. If it can continue to build services based on the data it collects then it should establish itself as a service students and employers use to connect.
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