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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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    1. 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
    2. 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
    3. 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
    4. 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
    5. Stephen Murray‏ @spmurrayzzz Jul 8
      Replying to @AustenAllred

      You're making a semantic argument whereas I'm making a principled one.

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

      Based on what principle? That paying a percentage of salary is inherently bad?

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

      Inherently? No, not out of context. But it seems unlikely that the majority of folks entering into these programs can just take 7+ months off in their life without having to take care of life expenses. Given they can't get a student loan, they are forced elsewhere (1/2)

      2 replies 0 retweets 0 likes
    8. Stephen Murray‏ @spmurrayzzz Jul 8
      Replying to @spmurrayzzz @AustenAllred

      ... and I would bet that means credit cards for most. Which have a much higher average APR than student loans at ~5%. So if they don't get a job, thats a massive burden. If they do, they are giving up a large portion of the salary (I assume pre-tax?) before paying those off

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

      Nope, if they don’t have living expenses covered they can attend the part time class or work with our nonprofit fund for living expenses.

      1 reply 0 retweets 5 likes
    10. Stephen Murray‏ @spmurrayzzz Jul 8
      Replying to @AustenAllred

      So you assume someone working part-time can cover 100% of living expenses without extraneous borrowing? There are some people working 2-3 jobs at a time just to make ends meet. What is the criteria for assistance from the nonprofit fund?

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

      We don’t assume anything, we check and make sure

      12:21 PM - 8 Jul 2018
      • 6 Likes
      • Nick Parker Brenner Balaji S. Srinivasan Michael Neth Kamuela Franco Courtland Allen
      1 reply 0 retweets 6 likes
        1. New conversation
        2. Stephen Murray‏ @spmurrayzzz Jul 8
          Replying to @AustenAllred

          I really like the idea behind the nonprofit fund, if there's any public material on that I'd like to check it out.

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

          Read the link you originally tweeted about lol

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

          I asked about criteria for how that fund works / partitions assistance. No such detail in the article about that. It got paid as much lip service as your tweet about it did. In fact, all it said is that you were "exploring" setting it up. So is it vaporware?

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

          Gotcha. So laptops are provided for anyone that is accepted and needs one, then living stipends are offered to students in the application flow on a case by case basis. It’s still small, only a few weeks old, but the person in the article was a recipient, as are others

          0 replies 0 retweets 6 likes
        6. End of conversation

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