It seems they miscalculated on unit economics and now want to cut costs rather than raise prices to save face

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Oct 25, 2021
12:04:14pm

molodyets Mortgage guy in all 50 states

It seems they miscalculated on unit economics and now want to cut costs rather than raise prices to save face

And it isn’t working out well

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molodyets

Previous username: patches1391
Bio page: molodyets
Joined: Mar 26, 2006
Last login: May 7, 2024
Total posts: 43,255 (19,307 FO)

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Messages

Author

Time

Not a great look for Lambda School - bummer.

molodyets Mortgage guy in all 50 states

10/25/21 11:30am

Summarize for those behind the paywall?

MarkWatney

10/25/21 11:36am

They promised easy/fast path to lucrative tech career, students and emails claim

BYUFootballisBack

10/25/21 11:38am

Found an archive link to read

MarkWatney

10/25/21 11:39am

Austen Allred is a BYU alum. They are advertising a 79% placement rate, reality is closer to 30%.

molodyets

10/25/21 11:39am

Just finished reading. Really rough. Austen's bravado served them well early on. It really doesn't anymore.

MarkWatney

10/25/21 11:58am

It seems they miscalculated on unit economics and now want to cut costs rather than raise prices to save face

molodyets

10/25/21 12:04pm

That's sad. My BIL did it and it seems to have worked out well for him.

MetaLearner

10/25/21 12:09pm

Like the article said, the success stories aren't fake, they are just less common than advertised.

MarkWatney

10/25/21 12:40pm

Maybe I'm just naturally gifted, but I don't know why you'd pay anybody

Hypnotoad

10/25/21 11:55am

A lot of students thrive on the structure a coding camp/school can provide. Also these coding camps offer placement

MarkWatney

10/25/21 12:01pm

I guess I get that. But I've found that the most successful programmers are

Hypnotoad

10/25/21 12:10pm

That is true - but there is more work to be done than what the self-starters can do.

molodyets

10/25/21 12:11pm

I've been working at startups the last 6 years or so. Non self-starters don't

Hypnotoad

10/25/21 12:16pm

I'd agree with you for anyone who has a little bit of programming experience

MetaLearner

10/25/21 12:17pm

Lots of jobs available for basic code monkeys. You don’t have to be special to get a job and these code camps offer

10/25/21 12:59pm

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