> Are there any legit income-sharing schools of this type, tech or otherwise? Done fairly, it sounds like an interesting alternative to upfront tuition.
investing in startups is kindof like betting on the future potential of founders, though it's tied to a business idea.
Upstart started as a personal loan for students and expanded to other financial services, it went public recently. They innovated by doing the regular thing (student loans) better than the competition, rather than trying to be both the lender and the school https://en.wikipedia.org/wiki/Upstart_Holdings
> but of course it could be twisted to evil ends.
My speculation is that this was a 'road to {} paved with good intentions.' Just like most startup products face challenges in the real world, it sounds like the Lambda School tried everything they could to get high job placement rates, but weren't able to deliver at scale.
Then, as their early placement % dropped, they just didn't change the numbers in their marketing materials. After a certain point their early hopes and reality diverged enough to constitute fraud in the eyes of the CFPB
Anecdotally, we get a lot of applications for any software job posting, and I discard most of the resumes of recent bootcamp graduates. It's nothing against bootcamps, it's just a signal that the person is a junior engineer. And in the cases we have hired people with less work experience for junior roles, we've had a much higher signal-to-noise ratio in our interview process talking to people who completed traditional education (even if it was not directly a CS program) and have enough of those applicants as-is.
investing in startups is kindof like betting on the future potential of founders, though it's tied to a business idea.
Upstart started as a personal loan for students and expanded to other financial services, it went public recently. They innovated by doing the regular thing (student loans) better than the competition, rather than trying to be both the lender and the school https://en.wikipedia.org/wiki/Upstart_Holdings
> but of course it could be twisted to evil ends.
My speculation is that this was a 'road to {} paved with good intentions.' Just like most startup products face challenges in the real world, it sounds like the Lambda School tried everything they could to get high job placement rates, but weren't able to deliver at scale.
Then, as their early placement % dropped, they just didn't change the numbers in their marketing materials. After a certain point their early hopes and reality diverged enough to constitute fraud in the eyes of the CFPB
Anecdotally, we get a lot of applications for any software job posting, and I discard most of the resumes of recent bootcamp graduates. It's nothing against bootcamps, it's just a signal that the person is a junior engineer. And in the cases we have hired people with less work experience for junior roles, we've had a much higher signal-to-noise ratio in our interview process talking to people who completed traditional education (even if it was not directly a CS program) and have enough of those applicants as-is.