I've been an executive recruiter in the education sector for over a decade. I've seen the good, the bad, and the ugly (and, yes, the ed sector has an ugly side). I don't know why it has taken so long for ideas like Austen's to take hold. It is great to see Lambda School take root. All schools should have an aggressive career services department. This should be on the scale of their marketing budgets. I venture anyone to take a guess on how career services spend compares to marketing spend for most schools. Time in the workforce is an educator too. Too many people are becoming perpetual students when their resumes would be better served spending time producing value in the workforce. Lamda's model gets to the grit of learning without wasting time. This is a no brainer.
I totally agree with your sentiment that schools should spend equally for their marketing vs career services but the reason they don't is related to the incentive they receive. Marketing outcome = more $ in school's pockets, career services outcome = no $ and it's actually a liability. If employers incentivized schools to refer top talent for some $$, the schools would certainly pay more attention to career services and budget more labor for it.
Topics 00:35 - Encouraging people to do something that they're scared to do 4:50 - Where did the insight for Lambda School come from? 6:00 - College vs developer schools 10:00 - Building a network 11:50 - Does Austen see value in a traditional liberal arts education? 14:30 - Steven Klaiber-Noble asks - As competitors begin to copy your model what front do you believe you'll be competing on? 17:30 - Why did Austen choose to raise money? 19:40 - Fundraising falling through on Austen's first startup 21:10 - Moving back to Utah and writing a book about growth 23:00 - Why Austen wrote a book 26:00 - "Starting a company is by definition saying, I think what I can do is worth more than what other people will pay me for." 27:00 - Mispriced human capital 29:55 - Other opportunities for Lambda School 32:20 - Modeling risk 35:10 - David Kofoed Wind asks - When Lambda School is incentivized to take in people that will land high paying jobs, how do you think about the diversity of candidates? One would imagine that it quickly becomes a game of pattern matching the stereotypical SV people. 37:25 - Will Lambda School ever not be remote? 40:50 - Dave Dawson asks - You appear to be on the successful path now, was there a point early in Lambda School when you wanted to stop? 43:20 - Helping everyone become an autodidact 46:20 - Rethinking where to start on an online course 47:45 - Dave Dawson asks - What keeps you up at night at this point? 49:20 - Dayo Koleowo asks - “I have made remarks I do not agree with” - from Austen's Twitter bio. What is that one remark you wish you didn’t have to disagree with? 53:00 - Choosing remote work as a core problem to solve in your company 55:30 - Analysts aren't good at measuring product quality 57:10 - Teaching taste
thanks for breaking it down like this! super helpful. Always appreciate when ppl do this. Awesome interview too very insightful, was great listening about his past experience with vc funding and his outlook on it now.
Modeling risks... Make good guesses. Moat is predictably. Short feedback and measure grit. Find and train untapped talent. Focus online first. Greater density. Intentional focus. Bullshit assumptions: online doesn't work for K5. Autodidact at 7yo. Social pressure and external motivation. Do quickly. Active learning from day 1. Managing large teams. Trade off with remote work. Revenue trails product. Markets are bad at assessing value. Subtlety built up over time. We can get people in now just work on the subtleties to get them to stay.
Hey Austen, I guess you would be glad that you've made a very correct decision of having it online now because of covid. What you have struggled with for a long time in the past is not necessarily an issue for you now :)
I love watching this video and his take on the remote side of the working world, being at this current situation in which for a lot of companies its being evaluated at a much higher level.
Lambda school appears to be super interesting opportunity for enabling upward mobility. With the definition of upward mobility being (in this case), acquiring skills that are very much in demand in the current economy. I've reached out to their team in order to find out: 1- Why the $0 up-front fee is not an option for Canadian students. 2- What if someone has time and would like to enrol in two different modules at the same time. Would that equate to 17% + 17% over a given period.
That's actually logical. They don't want foreigners taking the courses and then jumping ship by going back to their country where they can't find them lol
I think a school like Lambda is a great option. It can help you get decent at coding in a very short time (it keeps you focused and helps you not go down endless rabbit holes. 😊) Keep in mind that you have to pay tuition upfront or pay a percentage of the salary you'll get from startup you want to help. As long as that works for you financially, I see no reason to not try Lambda. Programming is one of those jobs that can be very satisfying because they're mentally stimulating, they are an outlet for your creativity, and they can have a big impact. Plus, the pay is often good also. 😊
Real entrepreneurs do not need a school for anything. All they need is creativity. Just look at the Lamba school founder - he sold a book to make enough $ to start Lambda school. He is no coder himself.
Lol less than 10 seconds in I realize why Austen has been so successful and has so many followers. Also realized that I was going to watch the entire hour long video.
![How to hack the YC application [startups]](http://i.ytimg.com/vi/TXYI1niJiyU/mqdefault.jpg)
Aged like spoiled milk. They just got shut down and fined for deceptive advertising and deceptive loan practices. Great job YC, good company!
I've been an executive recruiter in the education sector for over a decade. I've seen the good, the bad, and the ugly (and, yes, the ed sector has an ugly side). I don't know why it has taken so long for ideas like Austen's to take hold. It is great to see Lambda School take root.
All schools should have an aggressive career services department. This should be on the scale of their marketing budgets. I venture anyone to take a guess on how career services spend compares to marketing spend for most schools.
Time in the workforce is an educator too. Too many people are becoming perpetual students when their resumes would be better served spending time producing value in the workforce. Lamda's model gets to the grit of learning without wasting time. This is a no brainer.
I totally agree with your sentiment that schools should spend equally for their marketing vs career services but the reason they don't is related to the incentive they receive. Marketing outcome = more $ in school's pockets, career services outcome = no $ and it's actually a liability. If employers incentivized schools to refer top talent for some $$, the schools would certainly pay more attention to career services and budget more labor for it.
Topics
00:35 - Encouraging people to do something that they're scared to do
4:50 - Where did the insight for Lambda School come from?
6:00 - College vs developer schools
10:00 - Building a network
11:50 - Does Austen see value in a traditional liberal arts education?
14:30 - Steven Klaiber-Noble asks - As competitors begin to copy your model what front do you believe you'll be competing on?
17:30 - Why did Austen choose to raise money?
19:40 - Fundraising falling through on Austen's first startup
21:10 - Moving back to Utah and writing a book about growth
23:00 - Why Austen wrote a book
26:00 - "Starting a company is by definition saying, I think what I can do is worth more than what other people will pay me for."
27:00 - Mispriced human capital
29:55 - Other opportunities for Lambda School
32:20 - Modeling risk
35:10 - David Kofoed Wind asks - When Lambda School is incentivized to take in people that will land high paying jobs, how do you think about the diversity of candidates? One would imagine that it quickly becomes a game of pattern matching the stereotypical SV people.
37:25 - Will Lambda School ever not be remote?
40:50 - Dave Dawson asks - You appear to be on the successful path now, was there a point early in Lambda School when you wanted to stop?
43:20 - Helping everyone become an autodidact
46:20 - Rethinking where to start on an online course
47:45 - Dave Dawson asks - What keeps you up at night at this point?
49:20 - Dayo Koleowo asks - “I have made remarks I do not agree with” - from Austen's Twitter bio. What is that one remark you wish you didn’t have to disagree with?
53:00 - Choosing remote work as a core problem to solve in your company
55:30 - Analysts aren't good at measuring product quality
57:10 - Teaching taste
We have applied for Summer Program,when the result will come out?
thanks for breaking it down like this! super helpful. Always appreciate when ppl do this. Awesome interview too very insightful, was great listening about his past experience with vc funding and his outlook on it now.
Should be a couple weeks. - Craig
Thanks for checking it out! - Craig
@@ycombinator Thank you. Please pray for us so that Hot VPN get selected
Measuring and leverage. Recognizing full potential. True value of human capital.
I'm starting school on Monday! #DataScience
im starting this monday in data science! how is it going for you?
@@luisurena1770 You will like it. I've learned so much in such a short period of time.
Modeling risks... Make good guesses. Moat is predictably. Short feedback and measure grit. Find and train untapped talent. Focus online first. Greater density. Intentional focus. Bullshit assumptions: online doesn't work for K5. Autodidact at 7yo. Social pressure and external motivation. Do quickly. Active learning from day 1. Managing large teams. Trade off with remote work. Revenue trails product. Markets are bad at assessing value. Subtlety built up over time. We can get people in now just work on the subtleties to get them to stay.
Hey Austen, I guess you would be glad that you've made a very correct decision of having it online now because of covid. What you have struggled with for a long time in the past is not necessarily an issue for you now :)
I love watching this video and his take on the remote side of the working world, being at this current situation in which for a lot of companies its being evaluated at a much higher level.
instaBlaster
Lambda school appears to be super interesting opportunity for enabling upward mobility. With the definition of upward mobility being (in this case), acquiring skills that are very much in demand in the current economy.
I've reached out to their team in order to find out:
1- Why the $0 up-front fee is not an option for Canadian students.
2- What if someone has time and would like to enrol in two different modules at the same time. Would that equate to 17% + 17% over a given period.
Been waiting for this one.
It requires a payment of $20,000 for international students, but not bad
Lmao
That's actually logical. They don't want foreigners taking the courses and then jumping ship by going back to their country where they can't find them lol
Is Lambda a good option for Entrepreneurs? Already have a good job but want to learn to code to help start a startup.
I think a school like Lambda is a great option. It can help you get decent at coding in a very short time (it keeps you focused and helps you not go down endless rabbit holes. 😊) Keep in mind that you have to pay tuition upfront or pay a percentage of the salary you'll get from startup you want to help. As long as that works for you financially, I see no reason to not try Lambda. Programming is one of those jobs that can be very satisfying because they're mentally stimulating, they are an outlet for your creativity, and they can have a big impact. Plus, the pay is often good also. 😊
Real entrepreneurs do not need a school for anything. All they need is creativity. Just look at the Lamba school founder - he sold a book to make enough $ to start Lambda school. He is no coder himself.
Lol less than 10 seconds in I realize why Austen has been so successful and has so many followers. Also realized that I was going to watch the entire hour long video.
Great story and insights.
What is the Paul Graham essay Austen reference's about measurement and how companies dont measure well? 26:13 mark
How to get rich
I need help on my business plan and pitch deck? Any place I can get advice?
Can you guys make this school available in my country Haiti, in the Carribean ???
try www.microverse.org/
question here ...what is different about Lambda School compared to either a traditional college education or another coding bootcamp??
👩🏻🎓 🏆 👨🏻🎓
Good👍 :)
🙌
nobody is making 20k in the midwest, but yeah you can totally make 6 figures.
that's less than minimum wage
Wait what exactly are you saying? You think there aren't programmers making $20K in the Midwest?
What is VC?
en.wikipedia.org/wiki/Venture_capital (?)
Venture Capitalist. They give $ to tech companies starting out for a % stake in the business.
😂indentured and fraud
Yeah 10% of your income for 5 fucking years