Nice list of compensation models you put together, but tbh the "lambda school compensation model" yada yada is content marketing around a boilerplate coding bootcamp that you can pay $20kish to attend, not an incentive alignment model.https://twitter.com/lpolovets/status/1040058325688152064 …
Not true at all. If a student attends Lambda School and doesn’t get a software engineering job they pay $0. If they get a low-paying job they pay less than $20k
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Buut your compensation model also includes an option to pay $20k upfront, as stated on the /about page of your site. So tho I understand what ur claiming, unless ur going to followup and tell me 0 students take that option, i don't follow how it's a new incentive alignment model.
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It’s less than 5% of students paying upfront
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Man...i really hope that approach works out for you, seriously in all honesty i do, but like certainly you want that mix to be higher...right? I guess I really don't follow how this business works but i certainly wish you the best.
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Pretty simple, we get paid if our students get jobs
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lemme ask u this. lets say a student goes 30% through ur class, it turns out, you know, its not right for them/they drop out. Tons of lost resources dedicated to them. So i get it, ur selective to avoid that. But how do you grow to "get paid" enough without being less selective?
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feels like the only reasonable answer there is to change your student mix to more upfront people that are paying you and maybe like, getting a small refund if they drop out vs total loss of investment. and then its the same incentive model like everyone else. maybe im wrong.
End of conversation
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