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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. Austen Allred‏Verified account @AustenAllred Aug 12

      Silicon Valley expects you to start a company by finding a problem you have yourself, solving it, and it being a problem for others. But Amazon’s story was basically, “I did the math on this new thing’s growth, then systematically found the ideal product to play into it.”

      33 replies 210 retweets 1,127 likes
      Show this thread
      Austen Allred‏Verified account @AustenAllred Aug 12

      I have a hunch a lot of founders actually have a Bezos-like story, then make up some apocryphal story that fits the narrative everyone expects to hear

      7:17 AM - 12 Aug 2018
      • 30 Retweets
      • 372 Likes
      • ChristinaRivetti painfully woke Adit Shetty Daniel Houck Vaibhav Mallya Kyle Corbitt Ryan King Feliz NaviDad Jokes Joel Bernstein
      18 replies 30 retweets 372 likes
        1. New conversation
        2. Austen Allred‏Verified account @AustenAllred Aug 12

          Lambda School is kind of that way. Of course I have endless stories about incredibly smart friends with crappy jobs, but honestly it was seeing a very broken but huge market I thought we could wedge our way into and win that made me take the leap.

          3 replies 9 retweets 150 likes
          Show this thread
        3. Austen Allred‏Verified account @AustenAllred Aug 12

          If a market is big enough you’ll be surrounded by its broken-ness. You don’t have to have huge personal medical bills to know how broken the healthcare industry is and to want to fix some small piece of it.

          3 replies 17 retweets 229 likes
          Show this thread
        4. End of conversation
        1. Michael‏ @mmay3r Aug 12
          Replying to @AustenAllred

          Yep. “I built a product I needed and stumbled into this gold mine” might work for the first few years. Anyone scaling a successful co for 10+ probably thought about it strategically.

          0 replies 1 retweet 13 likes
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        1. Jay Cross‏ @jaycrosstweets Aug 12
          Replying to @AustenAllred

          100% agree with you on this. Write more about it if you have time.

          0 replies 0 retweets 2 likes
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        1. Bryan Birsic  🌎 🌍 🌏‏ @birsic Aug 12
          Replying to @AustenAllred

          worth observing that in many problem spaces the customer base with the pain point isn't so good at software, meaning that the markets where developers are unlikely to be are precisely the best opportunities! (True of commercial solar industry in need of finance, eg : )

          0 replies 0 retweets 2 likes
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        1. Dr. Julie Gurner‏ @drgurner Aug 13
          Replying to @AustenAllred

          This is absolutely true.

          0 replies 0 retweets 1 like
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        1. Rahul Chhabra‏ @rahulchhabra07 Aug 12
          Replying to @AustenAllred

          @navydish - your hypothesis! :D

          0 replies 0 retweets 1 like
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        1. Dave Mongan 🍩‏ @dmongan Aug 12
          Replying to @AustenAllred

          It could also be that the ability to see a problem comes from some personal experience with that area. Rarely does an accountant say “Med school is broken”, but he/she might say “The primary care model sucks for patients (like me).” Then they start pulling at the thread.

          0 replies 0 retweets 1 like
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        1. Dave Hodson‏ @davehod Aug 12
          Replying to @AustenAllred

          Healthcare *is* broken. Realize lots of people profit mightily on the dysfunction

          0 replies 0 retweets 1 like
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        1. Michael McCormick‏ @MikeMcCormick_ Aug 12
          Replying to @AustenAllred

          VCs do this all the time too “Ah, yes, we are totally thesis based We were actively exploring all of all these ideas before talking to the founders.” False and not even a good investment strategy

          0 replies 0 retweets 1 like
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        1. Curtis Duggan‏ @CurtisDuggan Aug 13
          Replying to @AustenAllred

          It’s turtles all the way down on this.

          0 replies 0 retweets 0 likes
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        1. Dan Moore‏ @mooreds Aug 13
          Replying to @AustenAllred

          "market wins": http://web.archive.org/web/20070701074943/http://blog.pmarca.com/2007/06/the-pmarca-gu-2.html …

          0 replies 0 retweets 0 likes
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        1. Matthew Panzarino‏Verified account @panzer Aug 12
          Replying to @AustenAllred

          Uh, yeah 🎯

          0 replies 0 retweets 0 likes
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        1. Ruben Harris‏Verified account @rubenharris Aug 12
          Replying to @AustenAllred

          Preach bro! This is the case for most...

          0 replies 0 retweets 0 likes
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        1. Dexter Talbert‏ @DexterTalbert Aug 12
          Replying to @AustenAllred

          Man you’re on point! It’s funny because when I tell my story people are confused and wonder “how??!” Small minded people can only see something happening 1 way.

          0 replies 0 retweets 0 likes
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        1. Michael Yavonditte‏ @mikeyavo Aug 12
          Replying to @AustenAllred

          Yes I bet you’re right

          0 replies 0 retweets 0 likes
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        1. Jacob Kostecki‏ @kubakostecki Aug 12
          Replying to @AustenAllred

          That's why you and Bezos are businessmen; some folks who start companies become businesspeople and others don't - they remain starters of entities with funding.

          0 replies 0 retweets 0 likes
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        1. James Clark  📈 📉 🤷‍♂️‏ @mr_james_c Aug 12
          Replying to @AustenAllred @impcapital

          It's a vicious cycle. Narrative drives coverage which drives more narrative until it becomes a trap - the story becomes embellished to the point lies creep in. From that point on you're trapped by your own lies. I regret the idea that a narrative matters.

          0 replies 0 retweets 0 likes
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        1. ~ ⚡‏ @schifter_ Aug 12
          Replying to @AustenAllred

          Pretty sure that comes by default once comms ppl are hired post series b or at the very least c.

          0 replies 0 retweets 0 likes
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