Allred: Human capital is the most unoptimized asset class in history
Austen Allred · A CS Education That's Free Until You Get a Job - Austen Allred of Lambda School · Y Combinator · Apr 3, 2019 · at 29:34
Austen Allred, CEO of Lambda School, argues that inefficiencies in matching and pricing human labor represent the economy's largest untapped market opportunity.
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“Human capital is the most unoptimized asset class we've ever had.”
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More from Austen Allred
Allred: Lambda School grads are financially $250K ahead of university peers
“By the time the student's graduating from university, the Lambda School student has three years of experience and has paid Lambda School off and is a quarter million dollars ahead, at least, of the university grad.”
Allred: Lambda School graduates more than 85% of its starting students
“Now we're graduating, you know, more than 85% of students that start day one, and a lot of the dropout is because of reasons outside of our control.”
Allred: ML will soon predict candidate software engineering success before tuition
“Pretty soon you can underwrite the likelihood that a person will be a successful software engineer before they've paid a dollar.”
Allred: Lambda School grads get six-figure job offers immediately upon applying
“Like the minute they start applying, they get interviews, they get hired, they get a six-figure job, and it's like, what were we waiting for, right?”
Allred: MIT PhDs and 1600 SATs do not correlate with startup success
“But just because you went, you have a PhD in computer science from MIT and you got a 1600 on the SATs as a freshman doesn't necessarily mean you'll have a successful company. It's not directly correlated.”
Allred: University of Phoenix incentives are misaligned by government-backed loans
“They're backed by, the loans are backed by Uncle Sam, and whether or not you're successful, they get paid. So the incentives are fundamentally misaligned, and if the University of Phoenix can get you to sign a piece of paper, they get 80 grand.”