Austen Allred Profile picture
Jul 26, 2018 3 tweets 1 min read Read on X
The thing holding people back from education that would give them a high paying job is:

a. It’s expensive. (Yes loans exist, but)
b. It’s incredibly risky to rack up huge loans. What if it doesn’t work out?

Solution: Let institutions (schools) hold the risk #skininthegame
You would be amazed at how quickly schools would improve if they only got paid tuition when students are successful
As a student you only have one shot, and very limited information around careers/job markets. Student loans could financially ruin you *forever*.

Institutions have resources to research job markets very thoroughly and portfolio theory.

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More from @Austen

Oct 8, 2018
Funding secured.

Lambda School raised a $14 million Series A led by GV. Stripe, Bow Capital, and some other great angels invested.

lambdaschool.com/blog/lambda-sc…
We’re using the funds to do two main things:

1. Continue expanding. Lambda School didn’t exist 18 months ago and we’re already one of the largest code schools in the world.

2. Build out a robust hiring network and platform.
We win when Lambda School students are hired.

In the next six months in addition to building out an incredible career services arm and curriculum, we’ll be hiring a full team whose responsibility it will be to make sure hiring managers everywhere are hiring Lambda grads.
Read 5 tweets
Oct 7, 2018
Big announcement (that came out in The Sunday Times this morning):

Lambda School is expanding to the UK in 2019.
We’re working with regulators around how/to what extent a risk-free (for students) and deferred payment tuition model can be accomplished there. More to come soon.
More big news to come this week. Stay tuned.
Read 6 tweets
Aug 29, 2018
A question I hear a lot: “Why don’t other code bootcamps just teach more computer science fundamentals?”

Not enough time. It’s the business model. People will only pay so much out of pocket, and you need to rotate through a lot of those in one building.
Why don’t they just adopt Lambda School’s business model?

Because it’s really freaking hard to do, requires financing, cannibalizes most upfront revenue, and you have to own the full stack: financing, the school, and outcomes.
Most educators don’t want to deal with/think about financing, cashflow, and risk management.

Finance people certainly don’t want to start a school.

And to do it really well you have to be willing to handle the full stack - admissions, the school, placement, and finance
Read 4 tweets
Aug 21, 2018
We're going to try another experiment.

Any Lambda School Course - Web/iOS/Android Dev, Data Science or UX Design

You get a $1,000/month living stipend (7 months)

You pay *$0* until you're making $50k+, then 17% of salary for 3 years, capped at $40k.

Apply, mention experiment3
To receive the stipend you must have 95%+ attendance.

Available only to US Citizens.
Acceptance will be very limited while we prove this out and get it ready to scale
Read 4 tweets
Aug 12, 2018
Silicon Valley expects you to start a company by finding a problem you have yourself, solving it, and it being a problem for others.

But Amazon’s story was basically, “I did the math on this new thing’s growth, then systematically found the ideal product to play into it.”
I have a hunch a lot of founders actually have a Bezos-like story, then make up some apocryphal story that fits the narrative everyone expects to hear
Lambda School is kind of that way.

Of course I have endless stories about incredibly smart friends with crappy jobs, but honestly it was seeing a very broken but huge market I thought we could wedge our way into and win that made me take the leap.
Read 4 tweets
Jul 31, 2018
I want to create a massive internship program.

Something like $15-20/hr for 3 months, you get a Lambda School grad to intern for you. If you like them you can bring them on FT at a full salary.

Would you be interested in something like that?
You get a scrappy Lambda School student who has been slinging code for 7 months and is ready to ship more code for <$3k/month.

They get the first 3 months of work experience in the bag.
I'm 100% serious, and I could have students ready to go tomorrow.

email internships@lambdaschool.com and let me know what/who you're looking for, and we'll get you hooked up.
Read 4 tweets

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