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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 Mar 9

      12. Think for profit universities are bad? They’re worse than you think. Almost no matter how little you think of them they manage to be worse than that

      4 replies 37 retweets 277 likes
      Show this thread
    2. Austen Allred‏Verified account @AustenAllred Mar 9

      13. There are dozens of careers that are a 100% employment guarantee. There are dozens of careers where <50% get jobs. Everyone knows what those are on a university faculty, but no one does anything about it because universities don’t see it as their role to get you a job

      9 replies 58 retweets 375 likes
      Show this thread
    3. Austen Allred‏Verified account @AustenAllred Mar 9

      14. Universities and colleges that achieve accreditation (the kind that matters) are incredibly locked in as to what they teach, how long they teach it, and what requirements are

      3 replies 19 retweets 153 likes
      Show this thread
    4. Austen Allred‏Verified account @AustenAllred Mar 9

      15. Code bootcamps know they don’t prepare programmers very well for the job market, but they can’t lengthen their programs because then they’d have to increase the prices they charge accordingly, and the market disappears at 2x bootcamp prices

      1 reply 50 retweets 290 likes
      Show this thread
    5. Austen Allred‏Verified account @AustenAllred Mar 9

      16. There are many, many code bootcamps with <25% hiring rate that do millions of dollars per year in revenue by promising jobs

      5 replies 53 retweets 255 likes
      Show this thread
    6. Austen Allred‏Verified account @AustenAllred Mar 9

      17. People rely mainly on their parents for advice on what to do about education, and that has to be among the worst places to go for educational advice

      8 replies 108 retweets 630 likes
      Show this thread
    7. Austen Allred‏Verified account @AustenAllred Mar 9

      18. Economically we vastly undervalue education. A $10k swing in income when you’re 20 yrs old is actually worth $400k+ over your lifetime, but we’re (rightfully) skeptical of the returns

      3 replies 31 retweets 283 likes
      Show this thread
    8. Austen Allred‏Verified account @AustenAllred Mar 9

      19. We really have no way to measure how much universities help because there’s so much selection bias involved. E.g. what if you took all the people that got accepted to Stanford or Harvard and had them all go to the same community college? Or different schools? We don’t know.

      9 replies 33 retweets 235 likes
      Show this thread
    9. Austen Allred‏Verified account @AustenAllred Mar 9

      20. People who have never made upper middle class jobs are unused to working for people that want them to succeed

      5 replies 81 retweets 429 likes
      Show this thread
    10. Austen Allred‏Verified account @AustenAllred Mar 9

      21. Lack of access to a computer almost kept some of our best students from being able to attend. Those aren’t expensive.

      7 replies 27 retweets 218 likes
      Show this thread
      Austen Allred‏Verified account @AustenAllred Mar 9

      22. Bank accounts are surprisingly hard to get if you don’t have much money

      10:19 PM - 9 Mar 2018
      • 38 Retweets
      • 271 Likes
      • Rahul Ramchandani Ryan Leaf Emmanuel Quartey Jeremy Morrell Aaron McClendon Scotty Cody Henrichsen Robert Mtz chris.code();
      10 replies 38 retweets 271 likes
        1. New conversation
        2. Austen Allred‏Verified account @AustenAllred Mar 9

          23. One of the biggest limiting factor in many Americans getting an education is geography. They don’t live near a college/university and making that move would be tremendously expensive relative to their incomes

          4 replies 36 retweets 265 likes
          Show this thread
        3. Austen Allred‏Verified account @AustenAllred Mar 9

          That’s all for now. Thanks for playing!

          24 replies 9 retweets 210 likes
          Show this thread
        4. End of conversation
        1. New conversation
        2. Adam Hardwick‏ @fluxsource Mar 10
          Replying to @AustenAllred @sehurlburt

          Genuine question: what makes them hard to get? Is there a minimum amount or is it things like ID requirements that make it expensive?

          1 reply 0 retweets 0 likes
        3. Adam Hardwick‏ @fluxsource Mar 10
          Replying to @fluxsource @AustenAllred @sehurlburt

          Reason I ask: usually only need £1 to open a basic account in the UK.

          1 reply 0 retweets 0 likes
        4. Austen Allred‏Verified account @AustenAllred Mar 10
          Replying to @fluxsource @sehurlburt

          Minimum balance and/or credit check

          1 reply 0 retweets 2 likes
        5. Adam Hardwick‏ @fluxsource Mar 10
          Replying to @AustenAllred @sehurlburt

          Is there a reason for this? Credit check seems reasonable if providing overdraft facility, but not otherwise. Is there a rational behind minimum balance?

          1 reply 0 retweets 1 like
        6. Austen Allred‏Verified account @AustenAllred Mar 10
          Replying to @fluxsource @sehurlburt

          Some have no minimum. There’s rationale but IMO not a good one

          2 replies 0 retweets 1 like
        7. Adam Hardwick‏ @fluxsource Mar 10
          Replying to @AustenAllred @sehurlburt

          Thanks

          0 replies 0 retweets 0 likes
        8. End of conversation
        1. New conversation
        2. Ran Reichman‏ @ranreichman Mar 9
          Replying to @AustenAllred

          Could you elaborate on this or provide a link? US Banks don’t accept everyone? (I’m not from the US)

          1 reply 0 retweets 0 likes
        3. Austen Allred‏Verified account @AustenAllred Mar 9
          Replying to @ranreichman

          Many/most require a credit check and/or minimum deposit

          1 reply 0 retweets 1 like
        4. Ran Reichman‏ @ranreichman Mar 9
          Replying to @AustenAllred

          Got it, thx

          0 replies 0 retweets 1 like
        5. End of conversation
        1. cslyr23‏ @cslyr23 Mar 9
          Replying to @AustenAllred

          This is why crypto must succeed.

          0 replies 0 retweets 1 like
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        1. PalmcrashValentine‏ @yerbasuena Mar 10
          Replying to @AustenAllred

          This is not an accident.

          0 replies 0 retweets 0 likes
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        1. Jennine Townsend‏ @jt7d Mar 10
          Replying to @AustenAllred

          Plus the bank will help themselves to some of it.

          0 replies 0 retweets 0 likes
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        1. Kevin Buck‏ @hoodskier Mar 10
          Replying to @AustenAllred

          This an insane problem. I frequently remember the long line of people waiting to cash checks at the Albertsons next to UNLV on Fridays when I was in grad school.

          0 replies 0 retweets 0 likes
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        1. Qiana P.‏ @Q_i_a_n_a Mar 10
          Replying to @AustenAllred

          Have you unpacked why this is possible? Or determined the systemic issues which makes this possible in your America?

          0 replies 0 retweets 0 likes
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        1. Nina Martin‏ @MartinNinaK Mar 10
          Replying to @AustenAllred

          Goodness. We don’t have anything like that here. All you need is a Finnish social security number. (And the education is free, too.)

          0 replies 0 retweets 0 likes
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        1. Prez Cannady‏ @prezcannady Mar 9
          Replying to @AustenAllred

          Did you ever find a way to assist unbanked students in getting their foot in the door?

          0 replies 0 retweets 0 likes
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