A CS Education That's Free Until You Get a Job - Austen Allred of Lambda School

Insights from Various Topics.

1970-01-01T06:03:52.000Z

🌰 Wisdom in a Nutshell

Essential insights distilled from the video.

  1. Lambda School's online education model focuses on job training, networking, and early job access.
  2. Tech industry struggles with human capital valuation and remote work trade-offs.
  3. Entrepreneurship is about demonstrating worth through action, not seeking validation.
  4. Diverse talent attracted by free education, predictive models for repayment, and machine learning for diverse hiring.
  5. Education challenges are due to lack of skills, support, and enjoyment.
  6. Product quality, a subtle yet crucial factor in company success.


πŸ“š Introduction

In this blog post, we will explore a variety of topics, including the future of education, the challenges and successes of an entrepreneur, the importance of product quality, and more. Each topic offers unique insights and lessons that can be applied to our personal and professional lives. Let's dive in and uncover the wisdom within these discussions.


πŸ” Wisdom Unpacked

Delving deeper into the key ideas.

1. Lambda School's online education model focuses on job training, networking, and early job access.

Lambda School, an online education platform, aims to inspire students to reach their potential by providing a supportive environment and practical skills for a successful career in tech. Unlike traditional universities, Lambda School focuses on job training, networking, and early access to the job market. The school's success is not solely based on its business model, but on the quality of its educational experience. The cost structure of education is changing with the shift to online learning, and Lambda School is considering launching a nursing school to fill labor gaps. The school's approach to teaching programming is practical, starting with immediate coding exercises, and it is hiring for various positions.

Dive Deeper: Source Material

This summary was generated from the following video segments. Dive deeper into the source material with direct links to specific video segments and their transcriptions.

Segment Video Link Transcript Link
Encouraging people to do something that they're scared to doπŸŽ₯πŸ“„
College vs developer schoolsπŸŽ₯πŸ“„
Building a networkπŸŽ₯πŸ“„
Does Austen see value in a traditional liberal arts education?πŸŽ₯πŸ“„
Steven Klaiber-Noble asks - As competitors begin to copy your model what front do you believe you'll be competing on?πŸŽ₯πŸ“„
Other opportunities for Lambda SchoolπŸŽ₯πŸ“„
Will Lambda School ever not be remote?πŸŽ₯πŸ“„
Rethinking where to start on an online courseπŸŽ₯πŸ“„
Dave Dawson asks - What keeps you up at night at this point?πŸŽ₯πŸ“„


2. Tech industry struggles with human capital valuation and remote work trade-offs.

The tech industry, particularly Silicon Valley, is characterized by a lack of understanding about the value of human capital, leading to undervaluation of skills and potential. This is further exacerbated by the lack of transparency in the job market, with companies often keeping salaries private. The industry is also grappling with the trade-offs between remote work and in-person work, with some companies successfully embracing remote work while others prefer in-person interactions. The focus should be on measuring and leveraging abilities, and companies should be incentivized to create an efficient marketplace for human capital. The industry is also exploring the potential of remote work and its impact on rent and the cost of living.

Dive Deeper: Source Material

This summary was generated from the following video segments. Dive deeper into the source material with direct links to specific video segments and their transcriptions.

Segment Video Link Transcript Link
Where did the insight for Lambda School come from?πŸŽ₯πŸ“„
Starting a company is by definition saying, I think what I can do is worth more than what other people will pay me for."πŸŽ₯πŸ“„
Mispriced human capitalπŸŽ₯πŸ“„
Dayo Koleowo asks - β€œI 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?πŸŽ₯πŸ“„
Choosing remote work as a core problem to solve in your companyπŸŽ₯πŸ“„


3. Entrepreneurship is about demonstrating worth through action, not seeking validation.

The journey of an entrepreneur is often marked by challenges and unexpected turns. In the case of the speaker, they faced a financial crisis after a deal fell through, leading them to question their abilities and consider alternative options. They decided to write a book, which became successful and generated interest from companies. Despite the risks, they chose to pursue writing instead of a tech job. This experience taught them the value of demonstrating their worth through action, rather than seeking validation from others.

Dive Deeper: Source Material

This summary was generated from the following video segments. Dive deeper into the source material with direct links to specific video segments and their transcriptions.

Segment Video Link Transcript Link
Why did Austen choose to raise money?πŸŽ₯πŸ“„
Fundraising falling through on Austen's first startupπŸŽ₯πŸ“„
Moving back to Utah and writing a book about growthπŸŽ₯πŸ“„
Why Austen wrote a bookπŸŽ₯πŸ“„


4. Diverse talent attracted by free education, predictive models for repayment, and machine learning for diverse hiring.

The school's model, which doesn't charge tuition, attracts diverse talent, with less than half being white. This is not intentional, but a reflection of where untapped talent is found. The school's students, who are great engineers, are generally more diverse than Stanford. The coursework is conducted live streamed, making it remote. When modeling risk in a FinTech industry, it's important to make good guesses and use a spreadsheet to account for potential losses. Over time, you can develop a predictive model for income share agreements in education and software engineering. By creating terms that make sense and learning from experience, you can improve your ability to predict repayment and increase the services offered to students. Machine learning can help underwrite the likelihood of a person being a successful software engineer based on data, which changes the market dynamic and opens up opportunities for diverse hiring.

Dive Deeper: Source Material

This summary was generated from the following video segments. Dive deeper into the source material with direct links to specific video segments and their transcriptions.

Segment Video Link Transcript Link
Modeling riskπŸŽ₯πŸ“„
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.πŸŽ₯πŸ“„


5. Education challenges are due to lack of skills, support, and enjoyment.

The challenges in education are not due to the inherent abilities of students, but rather the lack of necessary skills and support. The assumption that successful students are inherently better is questioned. The importance of instructional design, external motivation, and making learning enjoyable is highlighted. The example of computer science programs, with high dropout rates, illustrates the need for these factors. Despite initial doubts and obstacles, the determination to find a solution and the lack of options can drive success. The need to help the majority of society become auto-didactic is emphasized.

Dive Deeper: Source Material

This summary was generated from the following video segments. Dive deeper into the source material with direct links to specific video segments and their transcriptions.

Segment Video Link Transcript Link
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?πŸŽ₯πŸ“„
Helping everyone become an autodidactπŸŽ₯πŸ“„


6. Product quality, a subtle yet crucial factor in company success.

Product quality, often difficult to quantify, is a crucial factor in a company's success. Classic companies like Airbnb and Stripe, despite having competitors with head starts and more resources, became durable companies due to their focus on product quality. This quality is not just about listening to users or spending money, but about the subtlety and work that goes into creating a great product. For instance, using Slack as a school shows the value of investing in a well-thought-out product that has been improved over time. The experience of using a product like a Tesla Model S versus a similar cost Jaguar demonstrates the importance of product quality. To appreciate the value of a product, it's important to expose yourself to it over a long period of time and have someone point out the subtle details that make it stand out. By being critical and looking for key differences, you can start to notice the key differences between products.

Dive Deeper: Source Material

This summary was generated from the following video segments. Dive deeper into the source material with direct links to specific video segments and their transcriptions.

Segment Video Link Transcript Link
Analysts aren't good at measuring product qualityπŸŽ₯πŸ“„
Teaching tasteπŸŽ₯πŸ“„



πŸ’‘ Actionable Wisdom

Transformative tips to apply and remember.

Take the time to appreciate the value of a product by immersing yourself in it and paying attention to the subtle details. This can apply to any aspect of life, whether it's a work project, a piece of art, or a personal relationship. By being mindful and observant, you can develop a deeper understanding and appreciation for the quality and craftsmanship that goes into creating something exceptional.


πŸ“½οΈ Source & Acknowledgment

Link to the source video.

This post summarizes Y Combinator's YouTube video titled "A CS Education That's Free Until You Get a Job - Austen Allred of Lambda School". All credit goes to the original creator. Wisdom In a Nutshell aims to provide you with key insights from top self-improvement videos, fostering personal growth. We strongly encourage you to watch the full video for a deeper understanding and to support the creator.


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