Founder’s Five: Lewis Johnson, Alelo
August 23, 2024 Founder's FiveFounder’s Five is a continuing series from Tyton Partners that invites education company founders to shed light on…
Founder’s Five is a continuing series from Tyton Partners that invites education company founders to shed light on their own success and illuminate the landscape for other education entrepreneurs and investors by answering five basic questions.
Founded in Boston in 2022, inSpring offers the market an end-to-end training and service model that helps to optimize job readiness and connect international students with a network of employers who are searching for critical, high-skilled labor. By aggregating and launching a talented, under-leveraged pool of candidates into high-demand industries, inSpring promises employers a solution that can drive growth, sustainability, and competition. Regulatory and legal experts with deep expertise in visa, immigration, and OPT help employers and candidates onboard and navigate the U.S. visa and immigration ecosystem.
There are two origin stories to inSpring.
The first occurred during my childhood in Katy, Texas as a son of immigrant parents. My mother and father were raised, went to college, and got married in India before moving to the U.S. to pursue a brighter future through U.S. education. My father earned his Civil Engineering graduate degree from Texas A&M while my mother studied chemistry and phlebotomy to pursue her career in healthcare. My father worked hard to build a successful engineering business in Texas that has supported hundreds of jobs and provided him and others a path to citizenship. My mother is going on 40+ years in supporting labs in some of the most prominent healthcare organizations in the world. I was raised in a family where anything is possible with grit, humility, and perseverance and in an environment where student mobility equates to economic mobility and greater opportunity.
The second origin story happened thirty years later as Chris Hoehn-Saric and I were building Shorelight. The tectonic shifts in international student demand coming to the U.S. were starting to take shape. What was previously a heavy rankings-driven culture with seemingly inelastic demand from a concentrated set of countries was shifting to a more dispersed and global audience that pulled together loans, savings, and their previous education to get a chance at pursuing their dreams in the U.S.. The focus shifted from rankings to ROI and from student experiences to career opportunities.
We were seeing more than 100,000+ applications each year for STEM focused programs, largely at the graduate level, that candidates hoped to use as a springboard to careers in the tech and sciences sectors in the U.S. For this rapidly growing audience, the degree was not the end goal but rather a pathway to a career.
Knowing that only 11% of undergraduate international students and 23% of graduate international students ultimately get the opportunity to participate in post-graduation employment through OPT, it was clear the demand was there, and the labor shortages were growing, but the system was broken and required stitching together a solution that didn’t exist. From that realization inSpring was born.
U.S. demographics aren’t favorable for the U.S. labor market. College enrollments peaked in 2010 and since then have declined about 10% — by approximately by 2 million students. With falling birth rates, rising college tuition, and the 2025 demographic cliff when the number of 18-year-olds will drop dramatically, the situation is dire for organizations depending on American talent to fill critical roles at hospitals, school districts, and within the innovation economy. A new pipeline of talent is a must-have, and with over one million international students studying in the U.S. today, and growing at 12% per year — 55% in STEM fields — there is no talent pool more capable or underleveraged.
Aggregating, preparing, and launching international talent into critical industries represents the #1 sustainable solution to solving the large and growing high-skilled labor shortage facing employers. While solving this critical problem supports growth, sustainability and competitiveness for the U.S. technology and healthcare sectors, the solution also represents a multi-generational wealth creation opportunity for millions outside the U.S. It’s truly a win-win.
I should have pre-ordered way more Nespresso pods for my home office! While that’s 100% true – I’ve also appreciated visiting different regions across the U.S., from Cleveland, Ohio to Greenville, South Carolina and hearing the stories from candidates, educators, and employers about how hard the college-to-career journey is from all sides. For many, there’s underlying frustration in a system that could work and support our collective goals much better than it does now.
Workforce development pulls together a wide array of organizations and touches on so many aspects across the employee journey including onboarding, upskilling, reskilling, retention, career mobility, talent pipeline development, and others. What’s clear is that most everyone involved in workforce development is passionate about the importance of investing in the people that drive the success of organizations.
What’s also clear is that many workforce development organizations go narrow and deep on a specific area of expertise and few have the structure, resources, or strategy to look end-to-end at the problem to stitch together a holistic solution. An end-to-end approach we believe starts with empathy. Taking a hard look at the whole system, analyzing its failure points, listening to stakeholders, and building for what creates a superior experience and better outcomes. There are so many vital organizations in the workforce development ecosystem doing critical work today. Understanding where we can augment and accelerate achievement in each of the communities and industries we work with is central to our efforts.
It’s been a positive experience getting to contribute to regional economic development efforts and to improving the lives of candidates and companies in our first year. We’ve got a long way to go to achieve the goals we set out for inSpring – that said, it’s been great having the opportunity to hit the ground running.
You have mid-level and senior-level people creating goals for their direct reports and they literally don’t understand how their business works. It’s just startling to me. The good news is that it’s also an opportunity because we teach those skills.
More international students means a stronger, more competitive, U.S. economy. 55% of U.S. companies valued at $1B+ had at least one immigrant founder, with an average of 1,200 jobs created per company. Yet, there are systemic governors to the growth of international students coming to the U.S. to study and contribute to the economy – a challenging immigration system and access to financing options being two of the big ones. On the latter, we’ve been admirers of the incredible work MPOWER Financing does to take a novel approach to international student financing that’s led to thousands of students coming to the U.S. who wouldn’t have had the same opportunity without its innovative solution. What we’re seeing today with one million international students is a fraction of the demand out there; with organizations like MPOWER scaling the work they do, the full potential of this demand can be realized by U.S. universities, communities, and employers.