If you’re being generoushttps://twitter.com/tylermcginnis/status/984175549189906432 …
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Replying to @AustenAllred
What are your thoughts on how to establish a metric that facilitates comparability in outcomes across different bootcamps? It seems challenging (eg much of higher ed doesn't have it.) I believe in you because
@pmarca believes in you, but I don't know if that really "scales."1 reply 0 retweets 2 likes -
Replying to @AlanMCole @pmarca
Haha I’m not sure it’s accurate to say Marc believes in us, but we hope we become so good you can’t ignore us. Hard to say what metrics should be - schools may need different metrics. Ours are % hired, income, income change from pre-Lambda, employer NPS, etc.
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Replying to @AustenAllred @pmarca
I went by "he silently faves many of your on-topic tweets" which seems to indicate he thinks you're on the right track. I realized after tweeting I don't know about your funding. The problem is (as you alluded) there are strong incentives to massage that data and many likely do.
2 replies 0 retweets 1 like -
Replying to @AlanMCole @pmarca
We raised $4m seed including Y Combinator, and do some fancy stuff on the back end securitizing future cash flows to help us scale without raising ridiculous amounts of VC (we have 409 concurrent students right now, 23 FT employees and about 40 contractors. One yr old).
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Replying to @AustenAllred
That securitization part sounds really interesting; otherwise 23 FT employees would burn through $4m extremely fast.
1 reply 0 retweets 1 like
Yeah, no way we could grow anywhere near this fast. We’d literally be 1/5 the size
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