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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 Apr 4

      I’ve spent the past few days on Wall Street, and any hedge fund that looks into the student loan data can see that a crisis is coming. No one knows what to do about it, but the data is clear.

      9 replies 20 retweets 120 likes
      Show this thread
      Austen Allred‏Verified account @AustenAllred Apr 4

      This isn’t Michael Burry pulling apart synthetic CDO level stuff. Show any junior analyst the raw data on default rates and they’ll be terrified. In part because they’re a junior analyst working on Wall Street largely to pay off their massive student loans.

      11:31 PM - 4 Apr 2018
      • 5 Retweets
      • 75 Likes
      • Elmo Saku Panditharatne Matthew Siu Brian Ng 🌏 Ran Reichman Kumar Thangudu Antisocial Justice Imer Muhović Arnaud 🚀 🌐
      7 replies 5 retweets 75 likes
        1. New conversation
        2. ☉rthnormalist‏ @orthonormalist Apr 4
          Replying to @AustenAllred

          Got any good links on what assets are resting on top of this?

          1 reply 0 retweets 0 likes
        3. Austen Allred‏Verified account @AustenAllred Apr 4
          Replying to @orthonormalist

          The only obvious ones are for profit colleges. I’m trying to undermine and replace student loans, I’m sure there are smart plays, not sure what they are.

          1 reply 0 retweets 2 likes
        4. The Charlieton‏ @TheCharlieton Apr 4
          Replying to @AustenAllred @orthonormalist

          Am I right to think that @LambdaSchool is a student equity model rather than a student debt model? Or is it more like preferred stock with an interest rate?

          1 reply 0 retweets 0 likes
        5. Austen Allred‏Verified account @AustenAllred Apr 4
          Replying to @TheCharlieton @orthonormalist @LambdaSchool

          Yes, it’s capped, short-term student equity

          1 reply 0 retweets 2 likes
        6. Austen Allred‏Verified account @AustenAllred Apr 4
          Replying to @AustenAllred @TheCharlieton and

          In other words 17% of salary for two years, only when you’re making $50k+, capped at $30k total.

          1 reply 0 retweets 1 like
        7. The Charlieton‏ @TheCharlieton Apr 5
          Replying to @AustenAllred @orthonormalist @LambdaSchool

          Do you think it could work for Harvard? Or, closer to my heart, @bostoncollege? Seems to me the bargain these schools make is subsidizing chem degrees w English majors? Maybe the question is this; could the capped equity payment scheme work for the trad liberal arts schools?

          1 reply 0 retweets 0 likes
        8. Austen Allred‏Verified account @AustenAllred Apr 5
          Replying to @TheCharlieton @orthonormalist and

          Yes, though rates and repayment lengths would be different. So you’d know going in that if you study English it’ll be $x for n years, Physics will $y for@n years, etc

          1 reply 0 retweets 0 likes
        9. The Charlieton‏ @TheCharlieton Apr 5
          Replying to @AustenAllred @orthonormalist and

          Well color me smitten. Do you think Lambda will ever offer majors other than coding to prove the model?

          2 replies 0 retweets 1 like
        10. 1 more reply
        1. New conversation
        2. Adam Singer‏Verified account @AdamSinger Apr 5
          Replying to @AustenAllred @Keith_Wasserman

          Working on Wall St sounds fun actually.

          1 reply 0 retweets 0 likes
        3. Excel Ranger‏ @ccchaircut Apr 5
          Replying to @AdamSinger @AustenAllred @Keith_Wasserman

          Join the military and then you don’t need student loans and you can still work on the street

          1 reply 0 retweets 1 like
        4. Adam Singer‏Verified account @AdamSinger Apr 5
          Replying to @ccchaircut @AustenAllred @Keith_Wasserman

          Wall street not the street.

          1 reply 0 retweets 0 likes
        5. Excel Ranger‏ @ccchaircut Apr 5
          Replying to @AdamSinger @AustenAllred @Keith_Wasserman

          There’s an actual street on Wall Street no?

          0 replies 0 retweets 1 like
        6. End of conversation
        1. Chuck Trafton‏ @chucktrafton Apr 5
          Replying to @AustenAllred

          True defaults are (too) high, though half that of 2010. $NAVI data on FELP loans here from their recent roadshow. Credit lower enrollment in high-risk schools and lower borrowing per student (more discounts offered by schools). Not a 'real" solution. Discl: we are short $NAVIpic.twitter.com/Q4ETaqcLJF

          0 replies 0 retweets 1 like
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        1. New conversation
        2. Ran Reichman‏ @ranreichman Apr 4
          Replying to @AustenAllred

          Related - I strongly agree with @fredwilson's take here: https://avc.com/2018/03/uncertainty-and-risk …

          1 reply 0 retweets 1 like
        3. Ran Reichman‏ @ranreichman Apr 4
          Replying to @ranreichman @AustenAllred @fredwilson

          We could still have several good years but the peak stock market, trade war, and distance from previous financial crisis make things feel risky.

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. BreakingIntoStartups‏ @everest10x Apr 5
          Replying to @AustenAllred

          Facts

          0 replies 0 retweets 0 likes
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        1. 4g5‏ @4G5 Apr 5
          Replying to @AustenAllred

          The worst part is there is no underlying assets like with a CDO, also the debt can’t be discharged through bankruptcy

          0 replies 0 retweets 0 likes
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        1. Hufflepuff Daddy‏ @SEBillionair Apr 5
          Replying to @AustenAllred

          I’ve been saying this for years and no one listens. They seem to think it will sold itself

          0 replies 0 retweets 0 likes
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