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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    Austen Allred‏Verified account @AustenAllred Jul 8

    Austen Allred Retweeted Stephen Murray

    Ah yes the classic “work wherever you want and if you get a job in the field you got a free education for you pay up to $30,000, if not you don’t pay anything” indentured servitudehttps://twitter.com/spmurrayzzz/status/1016021475021721600 …

    Austen Allred added,

    Stephen Murray @spmurrayzzz
    Ah they figured out a new euphemism for "indentured servitude", dope https://www.theatlantic.com/education/archive/2018/06/an-alternative-to-student-loan-debt/563093/ …
    11:34 AM - 8 Jul 2018
    • 12 Retweets
    • 172 Likes
    • Ryan Coleman Nick Parker Karl Nieberding Austin Peterson Jesus-Miguel Spencer Schneier rmloveland Rob L'Heureux Tata Ganesh
    9 replies 12 retweets 172 likes
      1. Austen Allred‏Verified account @AustenAllred Jul 8

        Not to mention the “if you don’t get a job within five years you owe nothing” clause that is common to indentured servitude. Where student loans are “you owe us a set amount that increases every year and we can garnish wages and you can’t bankrupt your way out” = way better

        2 replies 7 retweets 102 likes
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      1. New conversation
      2. Stephen Murray‏ @spmurrayzzz Jul 8
        Replying to @AustenAllred

        "You don't pay anything" other than all the time, effort, income, and opportunity cost while you spent 30 weeks figuring out if learning to code was right for you. Get a grip.

        2 replies 0 retweets 2 likes
      3. Austen Allred‏Verified account @AustenAllred Jul 8
        Replying to @spmurrayzzz

        Right, the time you spend getting a free education, where normally you not only put in that time but pay tuition upfront or take out loans

        1 reply 0 retweets 22 likes
      4. Stephen Murray‏ @spmurrayzzz Jul 8
        Replying to @AustenAllred

        You're strawman'ing this argument which I'm not making re:traditional higher ed tracks. I didn't go that route either.

        2 replies 0 retweets 2 likes
      5. Austen Allred‏Verified account @AustenAllred Jul 8
        Replying to @spmurrayzzz

        You’re saying it’s indentured servitude which it’s not; it’s better than a loan in every way, and we have 100% free classes if you want to figure out if it’s right for you.

        1 reply 0 retweets 18 likes
      6. Stephen Murray‏ @spmurrayzzz Jul 8
        Replying to @AustenAllred

        Again, strawman'ing an argument I'm not making. Show me where I noted the incumbent lending cartels are the better approach?

        1 reply 0 retweets 0 likes
      7. Austen Allred‏Verified account @AustenAllred Jul 8
        Replying to @spmurrayzzz

        Your argument was that this is indentured servitude. My argument is that that’s an insane argument.

        1 reply 0 retweets 19 likes
      8. Stephen Murray‏ @spmurrayzzz Jul 8
        Replying to @AustenAllred

        You are forced, by fiat, to pay a percentage of your per annum salary if you choose to enter the industry, Its certainly not comparable to the indentured servitude of colonial America, but that would be patently illegal in a modern civil liberty context. Its a spin job.

        2 replies 0 retweets 2 likes
      9. Austen Allred‏Verified account @AustenAllred Jul 8
        Replying to @spmurrayzzz

        So in other words it’s not indentured servitude at all... Agreeing to pay a capped percentage of income if that income falls within certain bounds for two years isn’t even vaguely similar to indentured servitude.

        1 reply 0 retweets 22 likes
      10. 11 more replies
      1. New conversation
      2. Eric Mustin‏ @Ericmustin Jul 8
        Replying to @AustenAllred

        Austen, do you receive any payment from your Hiring Partners?

        1 reply 0 retweets 0 likes
      3. Austen Allred‏Verified account @AustenAllred Jul 8
        Replying to @Ericmustin

        No

        1 reply 0 retweets 0 likes
      4. Eric Mustin‏ @Ericmustin Jul 8
        Replying to @AustenAllred

        Cool, i know that's what Hack Reactor does so was curious if you took that route. Glad to hear.

        1 reply 0 retweets 0 likes
      5. Austen Allred‏Verified account @AustenAllred Jul 8
        Replying to @Ericmustin

        Ya we’d rather have 1,000 companies hungry to hire our employees than take an extra $10k from the few that do

        2 replies 0 retweets 5 likes
      6. Eric Mustin‏ @Ericmustin Jul 8
        Replying to @AustenAllred

        I hear ya. The Hack Reactor spin (which i disliked) was that most of these co's are happy to pay a recruiting fee (or would be anyway to a traditional agency), and this helps them keep costs manageable to students. Fwiw it cost about 15kish when I attended (and worked) there.

        1 reply 0 retweets 0 likes
      7. Austen Allred‏Verified account @AustenAllred Jul 8
        Replying to @Ericmustin

        Ya I’m not morally opposed to it, we’re just taking a different path

        1 reply 0 retweets 0 likes
      8. Eric Mustin‏ @Ericmustin Jul 8
        Replying to @AustenAllred

        Glad to hear. I think there's a natural inflection point for every coding bootcamp where you have to choose 2 of 3 between Growth, Affordability, and Job Placement Rates. So best of luck when your path reaches that point, it's not an easy choice to make.

        0 replies 0 retweets 0 likes
      9. End of conversation
      1.  📊  👨‍💻  🕵️ 🗯️ 🤖 🧐‏ @k1ug3 Jul 8
        Replying to @AustenAllred

        Funny thing about this is that, if mandated payments to your school is considered indentured servitude, I would love to hear what these guys think of taxes.

        0 replies 0 retweets 7 likes
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      1. Derek‏ @PereGrimmer Jul 8
        Replying to @AustenAllred

        Indentured servitude sounds like a pretty good deal compared to results for many modern college grads. It's not so different in form from a company paying you to get an MBA, but on condition that you work there for five years afterwards.

        0 replies 0 retweets 3 likes
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      1. Uriah Z Maynard‏ @uriahz Jul 8
        Replying to @AustenAllred

        Some people see incremental change as a threat to progress & feel obligated to shit on it because it's not utopian enough to suit their supposedly refined & righteous political political sensibilities. I think he's not just wrong, but also an asshole who's hurting his own cause.

        0 replies 0 retweets 1 like
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      1. JB‏ @rubinovitz Jul 8
        Replying to @AustenAllred

        I would def be more skeptical of LS if I didn't know that bootcamps where you pay up front just try to make everyone who they don't think they can place in industry drop out early because they're so dependent on their placement rate to get people to foot the upfront bill

        0 replies 0 retweets 1 like
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