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Fast Crimes at Lambda School

sandofsky.com

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Re: Fast Crimes at Lambda School

#8

Post by paulpauper »

Not surprising at all.. as it's said "if something is too good to be true it probably is"

Coding is hard, and there is no evidence to suggest it's getting easier , such as dealing with the integration of the front-end with the back-end, or having to deal with libraries and cloud environments and everything else that goes into it. The belief that average people can be turned into proficient coders in months is ludicrous.

Re: Fast Crimes at Lambda School

#9

Post by gatinsama »

The model is broken. Too many people want to learn to code, not everyone can do it well.

The only way would be to filter many candidates going in, but the negative press would be huge. So you end up with huge cohorts of people who can't code, and you have to make the money back somehow. Good teachers need to know how to code well, and those are expensive too. And, let's face it, the internet is full of great material to learn to code for free. If you are not motivated enough to learn by your own, all the time, I don't see how a bootcamp will give you anything.

Re: Fast Crimes at Lambda School

#10

Post by paulpauper »

On the surface, this is another window into the 2010's tech bubble, a period where mediocre people could raise ludicrous money amid a venture capitalist echo chamber fueled by low-interest rates. But what makes this any worse than Juicero, Clinkle, or Humane? Why does this rise to the level of Theranos?

It has been a bubble now for 13 years. I disagree here. Maybe it's just the new normal? Comparisons between now the the '90s do not hold up. Tech companies today are much bigger, but also generating huge profits, unlike the 90s bubble, in which tech companies were much less profitable or unprofitable relative to valuations.

lol "people could raise ludicrous money" What? Where? Funding rounds are much smaller, more competitive, and more selective today compared to in the 90s. Hardly anyone except for a few lucky people (like the founders of Coinbase or Dropbox) are getting rich overnight anymore, unlike in the 90s. Founders are being offered table scraps worth of funding compared to the generous, multi-million-dollar funding rounds that were common in the 90s.

This is made worse by the fact that running a tech company is more expensive than ever in terms of the complexity of the product (interactive apps are waaaayyy harder to develop than a static html store) and marketing (everything is so expensive and saturated compared to the 90s. Ads are obscenely expensive today and full of click/viewer fraud and worthless, inflated metrics.) and labor costs (coders are much better paid today compared to the 90s relative to inflation).

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