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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 Sep 6

    Austen Allred Retweeted Tomas Utting

    It makes a whole lot of sense when you understand that getting our students jobs is literally the only way we make money #skininthegamehttps://twitter.com/TomasUtting/status/1037742984199106564 …

    Austen Allred added,

    Tomas Utting @TomasUtting
    Replying to @AustenAllred
    I love the fact that this is your primary KPI, and not revenue/enrolments/admission rates - you really seem to have taken ‘you make what you measure’ to heart
    9:44 AM - 6 Sep 2018
    • 5 Retweets
    • 150 Likes
    • Javier Wilson Galyean Neoliberal 🦃 Nathan Baschez Lunacy Now SB Joshua Voydik Vita Benes Haneef Mubarak
    5 replies 5 retweets 150 likes
      1. New conversation
      2. Paul Frazier‏ @pfrazier Sep 6
        Replying to @AustenAllred

        What is your placement rate? Student who have spent x (at least two weeks and two grand perhaps) time and money with you who have a job? 9/10? 10/10?

        1 reply 0 retweets 0 likes
      3. Austen Allred‏Verified account @AustenAllred Sep 6
        Replying to @pfrazier

        http://LambdaSchool.com/outcomes 

        1 reply 0 retweets 1 like
      4. Paul Frazier‏ @pfrazier Sep 6
        Replying to @AustenAllred

        Nice! To be clear, I am a BIG fan! Just love data. :) Does that 83% count students who have dropped out? From following your tweets, dropouts might not even hurt the stat since some are drop (hired to job) outs.

        1 reply 0 retweets 0 likes
      5. Austen Allred‏Verified account @AustenAllred Sep 6
        Replying to @pfrazier

        No, it doesn’t include dropouts

        1 reply 0 retweets 0 likes
      6. Paul Frazier‏ @pfrazier Sep 6
        Replying to @AustenAllred

        How many dropouts are you seeing per cohort so far? How does the income share repayment work with them?

        1 reply 0 retweets 0 likes
      7. Austen Allred‏Verified account @AustenAllred Sep 6
        Replying to @pfrazier

        About 80-85% graduate, if you drop out after the first month you have a pro-rated income share agreement, otherwise you don’t pay anything

        1 reply 0 retweets 1 like
      8. Paul Frazier‏ @pfrazier Sep 6
        Replying to @AustenAllred

        Nice. :) Your model makes me happy. I am intrigued by the other thread I saw about if you ever plan on doing liberal arts type classes. Do you currently do any type of business communication or business skills type work as part of program?

        0 replies 0 retweets 0 likes
      9. End of conversation
      1. New conversation
      2. Nathan Baschez‏Verified account @nbashaw Sep 6
        Replying to @AustenAllred

        I'm curious - do you think it'll ever make sense for schools with your business model to teach liberal arts subjects? (history, literature, etc) My guess is "no" and that's just fine. The value of that stuff being taught in college is overrated.

        3 replies 0 retweets 6 likes
      3. Austen Allred‏Verified account @AustenAllred Sep 6
        Replying to @nbashaw

        Not sure. Definitely not as simple to predict or influence. I view us as a trade school, and most careers as trades.

        1 reply 0 retweets 4 likes
      4. Nathan Baschez‏Verified account @nbashaw Sep 6
        Replying to @AustenAllred

        I think there’s signaling value to being “cultured” that universities provide, that really does help you in your career (e.g. making people in power feel like you are “like them”). It all seems kind of worthless functionally though.

        1 reply 0 retweets 4 likes
      5. Noel Sequeira‏ @noelsequeira Sep 6
        Replying to @nbashaw @AustenAllred

        You have to wonder how durable this signaling value will be. I suspect we'll see its influence wane over time.

        0 replies 0 retweets 1 like
      6. End of conversation
      1. New conversation
      2. Tomas Utting‏ @TomasUtting Sep 6
        Replying to @AustenAllred

        Was the skin in the game incentive a small part of why you chose your business model, or was it based entirely on the superior experience for your students?

        1 reply 0 retweets 0 likes
      3. Austen Allred‏Verified account @AustenAllred Sep 6
        Replying to @TomasUtting

        I think those two things are the same

        1 reply 0 retweets 2 likes
      4. Tomas Utting‏ @TomasUtting Sep 6
        Replying to @AustenAllred

        Yeah igy

        0 replies 0 retweets 0 likes
      5. End of conversation
      1. New conversation
      2. Jason Evanish‏ @Evanish Sep 6
        Replying to @AustenAllred

        How are you tracking all this as a workflow for your students (individually) and your org (across cohorts)? There could be a natural partnership/opportunity with what @techmatchmaker is building @hirepool_io

        1 reply 1 retweet 1 like
      3. Erin Wilson‏ @techmatchmaker Sep 6
        Replying to @Evanish @AustenAllred @hirepool_io

        love the idea! @AustenAllred happy to share how we‘re collaborating with @udacity and others to drive meaningful outcomes with their job seeker community

        2 replies 0 retweets 0 likes
      4. Austen Allred‏Verified account @AustenAllred Sep 6
        Replying to @techmatchmaker @Evanish and

        austen@lambdaschool.com

        1 reply 0 retweets 1 like
      5. Erin Wilson‏ @techmatchmaker Sep 6
        Replying to @AustenAllred @Evanish and

        great! will ship something to you shortly

        0 replies 0 retweets 0 likes
      6. End of conversation
      1. Ihar Hrachyshka‏ @ihrachyshka Sep 6
        Replying to @AustenAllred

        No skin in the game for those paying upfront though. Is it a concern for the business model?

        0 replies 0 retweets 0 likes
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