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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 21 Nov 2017

      Considering opening a nonprofit peer-to-peer lending platform to lend Lambda School (and other) students the cash to pay for living expenses while they study. “Profits” would be reinvested in other students.

      3 replies 2 retweets 32 likes
      Show this thread
      Austen Allred‏Verified account @AustenAllred 21 Nov 2017

      If you’re someone that would seriously consider investing (we’ll say $500 or more), fav this tweet

      11:22 PM - 21 Nov 2017
      • 57 Likes
      • Edward J Dale Karen Dawn Zachary Nathaniel Gaskin 🏔 Yousif Astarabadi 🦄 Randall Bennett Prasanna Swaminathan Steven Hazel Karol Kozakowski
      7 replies 0 retweets 57 likes
        1. Austen Allred‏Verified account @AustenAllred 21 Nov 2017

          It makes me sick to see people borrowing $30k at 20% APR to pay for a code bootcamp

          3 replies 1 retweet 16 likes
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        1. Austen Allred‏Verified account @AustenAllred 21 Nov 2017

          We could even tranche it out, so you only get the cash if you have perfect attendance and meet certain criteria

          1 reply 0 retweets 4 likes
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        1. Austen Allred‏Verified account @AustenAllred 21 Nov 2017

          Think Kiva, except instead of funding entrepreneurs in foreign countries you’re funding ambitious students in the US. $6k would get almost all of our students through to jobs.

          3 replies 0 retweets 7 likes
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        1. New conversation
        2. Rick‏ @nickchuckwalter 22 Nov 2017
          Replying to @AustenAllred

          Investing? Donating right?

          1 reply 0 retweets 0 likes
        3. Austen Allred‏Verified account @AustenAllred 22 Nov 2017
          Replying to @nickchuckwalter

          You’d still get a return when they pay back

          1 reply 0 retweets 0 likes
        4. Rick‏ @nickchuckwalter 22 Nov 2017
          Replying to @AustenAllred

          Ohhhh...thought this was the perpetual lambda fund haha

          1 reply 0 retweets 1 like
        5. Austen Allred‏Verified account @AustenAllred 22 Nov 2017
          Replying to @nickchuckwalter

          It is if you leave it in haha

          0 replies 0 retweets 1 like
        6. End of conversation
        1. New conversation
        2. Christopher Bradford‏ @cbgrasshopper 21 Nov 2017
          Replying to @AustenAllred

          Are you familiar with @TechtonicaOrg ?

          1 reply 0 retweets 0 likes
        3. Austen Allred‏Verified account @AustenAllred 21 Nov 2017
          Replying to @cbgrasshopper @TechtonicaOrg

          Nope

          1 reply 0 retweets 0 likes
        4. Christopher Bradford‏ @cbgrasshopper 21 Nov 2017
          Replying to @AustenAllred @TechtonicaOrg

          Maybe there's an opportunity for collaboration & sharing of ideas.

          0 replies 0 retweets 1 like
        5. End of conversation
        1. New conversation
        2. jme‏ @venusrouge 21 Nov 2017
          Replying to @AustenAllred

          It's not investing, it's a contribution donation or grant.

          1 reply 0 retweets 0 likes
        3. Austen Allred‏Verified account @AustenAllred 21 Nov 2017
          Replying to @venusrouge

          You’d still have to see a return to make it interesting, I’d think. Think “kiva”

          1 reply 0 retweets 0 likes
        4. jme‏ @venusrouge 21 Nov 2017
          Replying to @AustenAllred

          Ah I see.

          0 replies 0 retweets 0 likes
        5. End of conversation
        1. New conversation
        2. Saunder Schroeder‏ @SaunderSchroed 21 Nov 2017
          Replying to @AustenAllred

          I get 9% through Lending Club, but would be more than willing to take a smaller return if it meant more directly bettering people’s lives. I’ll put $2,500/mo into this and give it a go.

          1 reply 0 retweets 1 like
        3. Perry Ahern‏ @PerryAhern 22 Nov 2017
          Replying to @SaunderSchroed @AustenAllred

          Maybe you're helping to fund my Lambda School education then. I recently borrowed from LC to cover my costs of living while in training.

          1 reply 0 retweets 1 like
        4. Saunder Schroeder‏ @SaunderSchroed 22 Nov 2017
          Replying to @PerryAhern @AustenAllred

          That’s pretty awesome. Any difficulties going through LC?

          1 reply 0 retweets 0 likes
        5. Perry Ahern‏ @PerryAhern 22 Nov 2017
          Replying to @SaunderSchroed @AustenAllred

          Nope, they've been easy to work with. This was my third loan with them. Did one to wipe out credit card debt at a lower rate, another to deal with some home plumbing repairs, and this one too help me get through Lambda.

          0 replies 0 retweets 1 like
        6. End of conversation

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