austenallred

14 ms·

31.
by austenallred 4y ago
> Interesting perspective, I meant it in the sense that they have operated for decades in competitive industries while making oceans of real profit for shareholders over that period. Most of us would be fortunate to run companies as poor
32.
by austenallred 4y ago
You have no idea how much I'm _yearning_ for a day in court. The problem is it costs millions of dollars to get to that point.
33.
by austenallred 4y ago
Oh boy, you keep taking all sorts of things out of context and comparing all sorts of things that don't make any sense to each other. A couple months ago I said our outcomes currently are the best they've ever been. That is a diff
34.
by austenallred 4y ago
Twitter was continually on the cusp of breakeven and would have lost money the quarter ahead of Musk's takeover had they not sold MoPub. Even before Musk took over they had planned on a 25% headcount reduction. Their revenue per employ
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by austenallred 4y ago
No, perhaps I can be clearer. There are different ways to measure placement percentages. * You can measure percentage of enrolled students who get hired. * You can measure percentage of graduates who get hired. * You can measure percentage
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by austenallred 4y ago
Honestly I was a little surprised at the cheating too. I think I was a little naive in the beginning that if you actually wanted a job you would understand that you would have to be able to write code. But some folks are in a school mentali
37.
by austenallred 4y ago
This is generally true but not always. As you can imagine we have loads of data on this. If you only selected students who had been tinkering with writing code for 10 years certainly you'd be successful in doing so, but you'd also
38.
by austenallred 4y ago
It's certainly true that BloomTech isn't for everyone, and that not everyone will want to become a software engineer. We try to filter for that, but it's tough. Now we have a free trial ( https://www.bloomtech.com&#
39.
by austenallred 4y ago
You can see our 2021 audited outcomes report here with all of the data https://www.bloomtech.com/reports/outcomes-report . (Note: 2021 outcomes report is very recent as you have to get students graduated, give them time
40.
by austenallred 4y ago
I can't speak for other code bootcamps, but BloomTech is at 960+ hours for our shortest program, and considerably longer for our longer ones. And it's really hard, intentionally. That's an absolute minimum six months full-tim
41.
by austenallred 4y ago
That's a totally fair question. When we were a much smaller company I would take a lot of time to respond to communicate with folks directly, and I learned a lot from it, and think everyone benefited from that level of direct communica
42.
by austenallred 4y ago
If your point is one must understand 100% of computing before being hired as a software engineer none of us would ever be hired. You can produce value long before you understand everything there is to know, of course, and a lot of being a s
43.
by austenallred 4y ago
I will happily defend everything I’ve said in a courtroom if necessary.
44.
by austenallred 4y ago
No, that is not true. We never claimed to have an audited report until we actually had an audited report. I asked if there was an auditor who would verify them after the fact to show that they were accurate, but we had had never claimed the
45.
by austenallred 4y ago
“Career fairs” as such haven’t been very successful for us, so we don’t run them, but it’s not because we charge for them. There are other mechanisms to meet grads (and our most successful connections are 1:1, not many:many) but until recen
46.
by austenallred 4y ago
I don't think the assertion that "lambda grads weren't able to get good jobs" is true. Obviously not every single student has been hired, but our hiring rates have always been pretty good (they're better now than th
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by austenallred 4y ago
Hmm, perhaps. I actually don't spend as much time on social as it would seem. It takes very little time to dash off a tweet. It's almost like a background process that runs in my mind, and it helps me think through things and shav
48.
by austenallred 4y ago
I wouldn't say I was cheering; I was simply acknowledging that, though difficult, Twitter certainly has too many employees for the amount of revenue they're bringing in, and I am skeptical of claims that Twitter will cease to func
49.
by austenallred 4y ago
This actually isn't true. There are a few edge cases where folks will be working through that period and contract with us afterwards in different/new roles, but impacted employees are not expected to work with us during that per
50.
by austenallred 4y ago
If you were actually to commit fraud regulators can come for you whether you register or not. The act of registration is simply to make it easier to tell regulators what is happening.
51.
by austenallred 4y ago
This is fundamentally not what happened and a prison term for this would be insane (even California's BPPE would agree with that). Our counsel told us we didn't need to register with the BPPE because we weren't offering in-pe
52.
by austenallred 4y ago
That's not a charge to attend career fairs; our partner companies pay us for white glove recruiting services, advanced access to grads, and for us to find and deliver unique sourcing criteria from our student body. It costs us a lot of
53.
by austenallred 4y ago
* They lied about how many students get jobs, which damaged their reputation and is the source of active lawsuits No we did not. We've been over this again and again, and I know you understand that this isn't true. The misconcepti
54.
by austenallred 4y ago
Pretty simple: Start doing it on the side until you have product market fit and/or some cash coming in. You don't need to pay yourself to work yet, just find more hours. Wakeup at 5 AM and do it before work. You'll want her t
55.
by austenallred 4y ago
It’s unusual for a new owner to lay off 50% of a company at once
56.
by austenallred 4y ago
As someone who trains a _lot_ of junior engineers and data scientists, it’s harder than 2021 but for an experienced engineer it’s frankly not that hard to find work right now.
57.
by austenallred 4y ago
Pretty simple. You plan on x growth happening, so you hire assuming x will happen. Say x/2 happens. You now overhired. Even if x is still pretty good.
58.
by austenallred 4y ago
> But, Stripe can't admit they made a major strategic blunder They quite literally say that? “In our view, we made two very consequential mistakes, and we want to highlight them here since they’re important: We were much too optimis
59.
by austenallred 4y ago
Unless they were planning on growing transaction volume more
60.
by austenallred 4y ago
They're mostly sales, marketing, and customer service. Engineering is mostly supporting integrations with every arbitrary platform and CRM they can possible handle.

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