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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

      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
    2. 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
    3. 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
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    4. 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
    5. 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
    6. Austen Allred‏Verified account @AustenAllred Mar 9

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

      10 replies 38 retweets 271 likes
      Show this thread
    7. 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
    8. 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
    9. Austen Allred‏Verified account @AustenAllred Mar 10
      Replying to @fluxsource @sehurlburt

      Minimum balance and/or credit check

      1 reply 0 retweets 2 likes
    10. 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
      Austen Allred‏Verified account @AustenAllred Mar 10
      Replying to @fluxsource @sehurlburt

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

      12:46 AM - 10 Mar 2018
      2 replies 0 retweets 1 like
        1. Julie Erick Save What We Love‏ @JulieErick3 Mar 10
          Replying to @AustenAllred @fluxsource @sehurlburt

          Fees, too. Many bank accounts aren't free unless you have over a certain amout($1,500 avg. monthly). Fees for ATM withdrawals. If you have insufficient funds(check bounce) that can result in a cascade of more fees. It can be cheaper to be unbanked.

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

          Thanks

          0 replies 0 retweets 0 likes
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