Investing in future success and outcomes
The Pursuit Bond is a program that funds our services by aligning students’ job outcomes with investor funding.
How it Works
Pursuit Bond is a social and financial bond between Pursuit, students, and investors.
Investors provide funding to Pursuit to support costs of the program and enable the training of students.
Pursuit provides four years of training and services to students with no upfront costs, loans, or debt.
Equipped with coding, professional, and tech fluency skills, our graduates get jobs as software engineers at companies in need of engineering talent.
Students who get jobs in tech and earn annual incomes of more than $60,000 pay back a percentage of their earnings as part of the Bond Income Sharing Agreement (Bond ISA).
Students pay 12% of their earnings for three years after they get their first tech job. If a graduate does not get a tech job or make above that salary threshold, they won’t have to start paying.
Pursuit returns funding to the investor on behalf of the program graduate.
The Pursuit Bond is a crucial funding model for Pursuit because:
It is a scalable source of funding
We bear financial risk; program graduates only pay a portion of their future earnings if they land a well-paying job
It tangibly demonstrates our commitment to our fellows and our job outcomes