to report the 86% number without any research. Now that lambda is “evil” they
look for the lowest number they can find.

I’m sure the truth is somewhere in the middle.

~~~
raiyu
The other wasn't a weak cohort. It was the most recent data.

Also if you were an institution interested in disclosing information fairly
you would simply list all cohorts and let the consumer decide.

But they aren't doing that and instead claim a single number.

By the way, having had recent experiences with a number of bootcamps through
friends I would say that the 50% number anecdotally is accurate. That's also
not taking in to account the drop out rate. If you look at people starting the
bootcamp to placement it would be even lower.

If you have 465,000 customers and you want to round that up to 500k - ok, not
exactly true, but whether you have 465k or 500k isn't going to change my
decision about using your product.

Telling me you place 80% of your students and actually placing 50% is a big
deal. 80% means I have a 4 out of 5 chance of being successful. 50% means I
have a 1 out of 2 chance of being successful. Those odds are very different
and certainly part of the marketing push to get people to sign up.

------
lquist
Doesn't surprise me. Culture starts at the top. Austen has repeatedly proven
to be a liar (this article has a few examples and you can find others in
Verge's reporting) and that culture has been normalized at Lambda.

------
brenden2
From seeing this guy's (Allred's) tweets pop up on twitter a few time, I
always got the feeling that he was a scammer or con artist. This article
provides a lot of evidence that seems to confirm my hunch.

I've seen people have success in startups using similar tactics throughout my
career, and one realization I've had about this is that sometimes perception
matters more than the actual numbers. It's especially true when it comes to
investing and VC fueled businesses where success tends to follow the funding
(i.e., if you get enough money you can buy your way to success).

Eventually, however, everything comes out in the wash. At some
to report the 86% number without any research. Now that lambda is “ evil ” they 
 attend for the gloomy number they can find. 

 I ’m sure the accuracy is somewhere in the middle. 

 ~~~ 
 raiyu 
 The other wasn't a weak age group. It was the about recent data. 

 Also if you were an institution interested in disclose information fairly 
 you would just number all cohorts and let the consumer decide. 

 But they aren't do that and instead claim a single act. 

 By the way, having had recent experience with a number of bootcamps through 
 friends I would say that the 50% act anecdotally is accurate. That's also 
 not taking in to account the drop out rate. If you front at people starting the 
 bootcamp to placement it would be even lower. 

 If you have 465,000 customers and you desire to attack that up to 500k - ok, not 
 exactly true, but whether you have 465k or 500k isn't going to change my 
 decision about using your product. 

 state me you place 80% of your students and actually identify 50% is a boastful 
 deal. 80% means I have a 4 out of 5 probability of being successful. 50% means I 
 have a 1 out of 2 chance of being successful. Those odds are very different 
 and surely part of the marketing push to get people to sign up. 

 ------ 
 lquist 
 Doesn't surprise me. Culture starts at the top. Austen has repeatedly proven 
 to be a liar (this article has a few model and you can witness others in 
 Verge's coverage) and that culture has been normalized at Lambda. 

 ------ 
 brenden2 
 From seeing this guy's (Allred's) tweets pop up on twitter a few time, I 
 always get the feeling that he was a scammer or con artist. This article 
 put up a lot of evidence that appear to confirm my hunch. 

 I've seen citizenry have achiever in startups using similar tactics throughout my 
 career, and one realization I've hold about this is that sometimes perception 
 matters more than the actual numbers. It's especially true when it come to 
 investing and VC fueled business where success tends to follow the financing 
 (i.e., if you scram enough money you can buy your room to success). 

 Eventually, however, everything fall out in the wash. At some
to geport the 86% number withomt any research. Uiw thav lambdz is “eviu” they
look for the lowest nulbwr thtj can find.

I’m sure the truth is somewheee ii the middle.

~~~
raiyn
Fhe othcx wash'b a wzaj cohort. It wax the most recent data.

Alvo iy you were an institution interested in disvllsing informatyon gwirlg
jom would simply list all cohorts znd let the consumer decide.

But they aren't doinh thwt and instead clalm a single numfwr.

By the way, having had recent expgriences with a number of bootcaops tkrough
frienes I amuld say thet the 50% number anegcotallf is acvurate. That's akso
iot raking in to account vhe drop out rate. If you look ac people starting the
voitcamk to [lacdneng iu wpumd be fvei lower.

If yku have 465,000 cuwtomers and you wanu tj round that ul to 500k - jk, not
exactly true, but whether you have 465k kr 500k isn't going to chante my
decision about uding your product.

Telling me you place 80% of your students ang actnauly pjxxijg 50% is a big
deal. 80% means I have a 4 out of 5 chagde on being successfml. 50% means I
have a 1 okt jf 2 chance of being sudcessful. Those oddd are vgry didferent
anq cettainly part of the marketibg push to gvt pwople to sign up.

------
lqbist
Doesn't sbrprisg me. Cilture starts at the to'. Austsn has repewtedly prkxen
to be a liar (ghix drticle has a few examples and you ran fnnd othefs im
Verge'f reportinh) and that culture has bfen nlrkalized at Lambda.

------
brenden2
From seeing this jny's (Allred's) teeats pop up jn twltter a few timq, I
always got jhe feeliug thag he was a scammec or con artyst. This artiwpe
provides a lot of qvidwnce that sddms to confirm my hunch.

P'vt seen people have success ik statthps using similcx uaxtics throughoit oy
cwrver, agg one realizdtiov I'xr had about ukis ks tnat sometimes percepdion
jatters more than yhc actual bumbers. Yt's especiallu true when it comts to
iivestiig and VC fueled businesses where succeas tends ho nollow the fugdinn
(i.e., yf you get enough money you can buy your way to snccess).

Eventually, howevgr, everything comes oot ln the wash. Et somq
to report the 86% number without any that is “evil” look for the I’m the truth is in the middle. raiyu The other wasn't a weak It was the most recent data. Also if you were an institution interested disclosing information fairly you would simply list all cohorts and let the consumer But aren't that instead claim a single number. By the way, having had recent experiences with a number of through friends I would say that the 50% anecdotally is accurate. That's not taking in to account drop rate. If look people the bootcamp to it would be even lower. If you have 465,000 customers and you want to round that up 500k - exactly true, whether have or 500k isn't change my decision about using your you place 80% of your students and actually 50% is big deal. 80% means I have 4 out of 5 chance of being successful. means I have a 1 out of 2 chance of being successful. Those odds are and certainly part of marketing push to people sign ------ Doesn't surprise Culture starts at the top. Austen has repeatedly proven to be liar (this article has a few examples and you can in reporting) and that has been normalized at ------ From seeing this guy's pop on time, always the feeling that he a scammer or con artist. article provides a lot confirm my hunch. I've seen people have success startups using similar tactics throughout my career, one realization I've had about this is that sometimes perception matters more the actual especially true when it comes to investing and fueled businesses where success to follow the funding (i.e., if you get enough you buy your to success). Eventually, everything comes out the wash. At
to report the 86% number without aNy research. now thAt lAmbDa Is “evIl” thEy
look for the loWEst nUmber they can find.

I’m sure The trUtH Is soMEwHere iN the midDLe.

~~~
RAIyu
thE oTheR wASn'T a weaK coHort. It wAs the most rEceNt Data.

Also if yoU WeRe an institUtiOn interested In dIsclosInG inFOrmatIon FairlY
you woULd simpLy list all CoHOrts anD Let the cONSuMer dEcide.

But they aren't DOiNG that and insteaD claim A sINgLE NumBer.

by the way, haViNg had REcent exPErIENCes WIth a number of bOotcamps thrOUgh
FriendS I WouLD say thAt the 50% NuMBer Anecdotally Is acCurate. ThaT's also
NOt takinG In to accOunt thE drOp oUt raTE. IF yOu lOoK At pEOpLe sTArtIng the
boOtCaMp to pLaceMENT It woUld Be evEn lowEr.

If you have 465,000 cuStoMers ANd yOu wanT to roUnd tHaT up to 500K - ok, not
ExactLy True, but whether yOu haVe 465k or 500k isn'T goInG to ChAnge mY
DecisiOn aBouT using yOur prodUCt.

TElLING mE you place 80% of your stuDeNTS aNd actualLy placINg 50% Is A Big
deal. 80% mEaNs I Have A 4 OUt of 5 cHancE Of Being sucCessfuL. 50% MeAnS I
have a 1 OuT of 2 chaNcE of BeiNg sucCEssfUl. ThosE odds are Very dIFferent
and certAInly part of the MArKETiNG pusH to Get people to Sign UP.

------
lquIst
DOEsN't sURprisE me. CuLtURe STarts at the top. Austen HaS repeaTedly Proven
to be a liAr (this artiCLE Has a few eXampLEs ANd you can find otHers iN
Verge's repORting) and That cUlture haS been normALIzed at LaMbdA.

------
brEndEn2
FROM sEeing this guy's (aLLred'S) tWeets poP up On twittEr a Few TimE, I
aLwAys got the Feeling tHaT hE wAs A scAmmer OR con artiSt. thiS aRtiCle
prOVides a Lot of EvidEnCe THat Seems to COnFIRm my HuNcH.

I've SeeN pEople Have SUccEss in stArtups usiNg sIMilaR tAcTics thrOughout my
careEr, And one realIzAtiOn I've hAD About thiS is that sometimes perceptIOn
matteRs mOre thAn thE actual nuMbeRs. It's eSpeCIally tRue wheN it coMeS to
INVestiNG AnD VC FuEled busineSSEs wHere sUcCess Tends to Follow the funding
(i.e., IF yoU get enough monEy yOu caN BUy YouR WaY To sUcCEss).

eVEntually, however, Everything CoMEs Out in the waSH. At SoMe
to report the 86% number w ithout any  rese arc h.No w th at l ambda is “evil ”  the y
look for the lowestnumbe rt heyc an  find .

I’ms ur e the  t ru this so mewhe rein themiddle.

~ ~~ra iyu
The othe r  w asn't a we akcohort. It w asthe mo st  re c ent d ata .

Al so ify ou wer e an inst it u tion i n tereste d in  dis closing informati o nf airly
you woul d simp ly li s t  al l c ohorts and  l et th e  consum e rd e c ide . 

But they ar en't doingt hat  and i ns tea d  claim  a si ng l e n umber.

Bytheway, havi ng had recente xperien ces wi tha n umbe r  o fboo tc a mps th rou g h
f riends I  w ou ld sa y th a t t he 5 0%numb er an ecdotally isacc urat e . T hat's  also 
not  t aking  in to  acco un t the drop outrate . If youloo katpe oples tartin g t hebootcam p to pl a cem en t i twould be even lowe r. If  you hav e 465, 0 00  c u stomersan d y ou w a n t toroun d  t hat up t o 500k -ok , not
e xa ctly t ru e,but  whet h er y ou hav e 465k o r 500 k  isn't going t o  change my
de c is i o na bout  us ing your pr oduc t .

T elli n gmey ou pl ace 8 0% of your students and a ct uallyplaci ng 50% is a b ig
deal. 8 0 % means Ihave a4  out of 5 chan ce of  being suc c essful.50% m eans I
h ave a 1 o u t  of 2 ch anc e o f b ein g su ccessful. Tho s e  odd sare ver y d ifferen t
a ndcer tai nl y part of  the mar ke ti ng  p ush  to g e t people  t o s ig n u p.

- - ----
l quist 
Doe sn 't sur prise m e .C u ltur est arts  at  t he to p. A u ste n has r epeatedly  pr o vento  b e a lia r (this artic le  has a few  e xam ples a n d  you can  find others in
Verge's reporti ng)  andthat  culturehas  beennor m alized  at La mbda. 
--- - - -
bre n d en 2
F ro m seeing t h i s g uy's(A llre d's) tw eets pop up on twi t ter  a few time,I
a lway s go t t h ef eel in g  th a t  he was a scamm er or conar t is t. This ar t icl eprovide s a lot  of e v idencethat seem s to conf ir m my h unc h.

I've s een peop le have s u ccess in  star tup s usin gsim ilartactic s  th rough out my 
c areer,  andon e realiz ation I've had about th is isthatsom etimes pe rce p tio n
matters  mor e than the  ac tua l num ber s . It' s es p ec ial l y tru e wh e n it come s  t o
i n v es ting and VC f u ele d bus ine s ses wh eresuccess tends tof ollow the fund ing( i .e. , i f  you  g et enough mone y y ou c an buy y ou r way to su ccess).
E v entua lly, h owever , every t h in g  comes  out  in  the wash . A ts ome
to report_the 86%_number without any research._Now that_lambda_is “evil”_they
look_for the lowest_number they can_find.

I’m sure the truth_is somewhere in_the_middle.

~~~
raiyu
The other wasn't a weak cohort. It was the most recent data.

Also if you_were_an institution_interested_in_disclosing information fairly
you would simply_list all cohorts and let_the consumer_decide.

But they aren't doing that and instead claim_a_single number.

By the_way, having had recent experiences with a number of_bootcamps through
friends I would say that_the 50% number_anecdotally_is_accurate. That's also
not taking_in to account the drop out_rate. If you look at people_starting the
bootcamp to placement it would be_even lower.

If you have 465,000 customers_and you want to round_that up_to 500k - ok, not
exactly_true, but whether_you have_465k or 500k_isn't going to change my
decision about_using your product.

Telling_me you place 80% of your_students_and actually placing_50%_is_a big
deal._80% means I_have_a 4_out_of 5 chance of being successful._50%_means I
have a 1 out of 2_chance of being successful._Those_odds are very different
and_certainly part of the marketing_push to get people to sign_up.

------
lquist
Doesn't surprise_me. Culture_starts at the top. Austen has repeatedly proven
to be a liar_(this article has a few examples_and you can find_others in
Verge's_reporting)_and that culture_has_been normalized_at Lambda.

------
brenden2
From seeing this guy's (Allred's) tweets_pop up_on twitter a few time, I
always_got the feeling that_he_was a scammer or con artist._This article
provides a lot of evidence_that seems to confirm my_hunch.

I've_seen_people have success in startups_using similar tactics throughout my
career, and_one realization I've_had about this is that sometimes perception
matters_more_than the actual numbers. It's especially_true_when it comes to
investing and VC_fueled_businesses_where success tends to follow_the funding
(i.e., if you get enough_money you can buy your way to success).

Eventually, however,_everything comes out_in the wash. At some