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The better model would be those "dev bootcamps" type that popping up locally almost throughout the major USA cities and Toronto. Their business model is excell
by edwinnathaniel 14y ago
The better model would be those "dev bootcamps" type that popping up locally almost throughout the major USA cities and Toronto.
Their business model is excellent:
1) Pay us $4k-$6k (let's say average $5k)
2) We'll train you for 4weeks or more
3) We'll find you jobs guaranteed with min salary $60k-$80k (whatever) or money back.
[Hidden] 4) Companies pay these guys "recruiting fee" between 10-20%
Some of the bootcamps were public about their recruiting fee but most of them are not (I'm not judging whether it's good or bad but merely pointing out the behind-the-public-business deals).
Let's say there are 20 potential candidates with 5 that will get the job (success rate 25%).
Income from Bootcamp = 5 x $5k = $25k
Income from Recruiting = 5 x $6k = $30k (10% of $60k)
Total Revenue = $55k for getting 5 people a job.
These are minimum numbers.
Loss occurs when either 0 gets hired or for certain threshold (I'm guessing pretty low).
These people are increasing the chance of replacement.
- hndude 14y agoCan you link me to any of these? Would like to read more about them.
- edwinnathaniel 14y agoHN had this discussion a week ago. http://devbootcamp.com/ http://devbootcamp.com/ http://www.appacademy.io/ http://www.appacademy.io/ http://www.gschool.it/ http://www.gschool.it/ http://www.starterleague.com/ http://www.starterleague.com/
- mkoble11 14y agoThe Disruption Institute (http://www.disruptioninstitute.com http://www.disruptioninstitute.com ) just launched in Kansas City, focused on mobile development.
- xiaoma 14y agohttp://catalystclass.com/ http://catalystclass.com/ I'm starting at Catalyst in two days. It's like Dev Bootcamp, but more hours, more weeks and focused more on JavaScript. Actually, I found them right here on HN! https://news.ycombinator.com/item?id=4859844 https://news.ycombinator.com/item?id=4859844 The prep work for the course has been intense-- lots of jQuery, and some online classes on Coffeescript, Node.js and Backbone.js. And it's a fantastic feeling to be in! Getting accepted is honestly one of the happiest moments I've had since moving to SF last summer. It's also exactly the environment for reaching top goal from our HN 2013 goals thread: https://news.ycombinator.com/item?id=4966522 https://news.ycombinator.com/item?id=4966522 If anyone wants to do blog interviews with me throughout the process, drop me a line.