Austen Allred: Lambda School, Y-Combinator, Free Education, Programming and Code
The Quest Pod with Justin Kan
Austen Allred is the founder and CEO of Lambda School, an online coding school that doesn’t charge students tuition until they get hired. Growing up Mormon, Austen worked as a missionary and lived out of a car before applying to Y-Combinator. These experiences taught him about resilience, which kept him laser focused on candidate success through media praise and controversy. Austen’s mission to democratize education really resonates with me. In this episode, we discuss moving to the Valley, going through Y-Combinator and being caught in the political tensions surrounding free education. We dive into the concepts of ISAs, the future of education and American Dream as a service. You can follow Austen on his Twitter, and check out Lambda School here.The Quest x Universe Site-Building Contest (until 17th August): The Quest Pod is partnering with Universe App to give away $1000 in cash, plus a chance to pitch me your worst startup ideas (and get roasted ) in a YouTube video! The rules are simple:Come up with the worst startup/product idea ever - the more unethical, inefficient, or useless it is, the better,Download the Universe app and build a basic landing page for your idea. Must clearly state what the product/company is, and its purpose,Follow me on Twitter, and submit your site URL and basic details on the attached entry formKeep an eye on your Twitter DM’s - I’ll contact you if you win. The entry form is available here. Enjoyed this episode? The incredible stories on this podcast are made possible by our sponsors, check them out to support The Quest Pod:Universe | The best mobile command centre for building your online business and content.Cashapp | Spend, save, invest in stocks and cryptocurrency easily 📺 Watch this episode in 4K: https://youtu.be/Moyq4j4bKBg🍎 iTunes: https://apple.co/3lU3fZs🎵 Spotify: https://spoti.fi/3srzJwq✍️ The Quest Pod in print: https://thequest.media🌎 Everything Quest: https://bio.thequest.media
Changing lives with Lambda School - an Austen Allred interview
No CS Degree
You can apply to learn to code at Lambda School here (affiliate) https://lambda-school.sjv.io/JrJg5vFull transcript available and more interviews on No CS Degree: https://www.nocsdegree.com/austen-allred-interview-lambda-school/Support the podcast - https://www.buymeacoffee.com/nocsdegree
Austen Allred, Co-Founder & CEO at Lambda School | Episode #010
Austen Allred is the Co-Founder & CEO of the Lambda School, an online coding school that invests in the students by offering free tuition. Founded in 2017, the Lambda School is currently helping graduates land jobs at Fortune 500 companies to some of the top startups globally.Austen was formerly the co-founder of Grasswire and co-author of the growth hacking textbook Secret Sauce. Austen's ideas on the future of work have been featured on TechCrunch, WIRED, The Harvard Business Review & more.
Austen Allred (Co-Founder of Lambda School) & James Currier (NFX) on The New American Dream
The NFX Podcast
The new American dream is underway. The current US educational industrial complex is not serving young people anymore, and entrepreneurs outside the system are creating new alternatives.Austen Allred, Co-Founder/CEO of Lambda School earned this perspective by dropping out of college, setting his own path, and now building a successful company and movement to change education in our country. Austen sees our educational past, present, and future in ways few others do.In this conversation, James Currier (NFX) and Austen break down traditional and contrarian thinking on how we are educated, challenging what has gone unquestioned for decades:- The Psychology of Traditional College: Why “Normal is a hell of a drug”- Faulty Mechanics: The problem with America’s “Single Model” education system- The New American Dream: How “permissionless learning” unlocks opportunity- & 2 Trends to WatchRead the NFX Essay here - https://www.nfx.com/post/the-new-american-dream/
Austen Allred: Lambda School, Y Combinator, and Democratization of VC Investing
Austen Allred is the Co-Founder and CEO of Lambda School. It is an online platform that trains you remotely to become a web developer or a data scientist. The user pays no tuition until hired. Austen’s start-up journey began in 2017 with him living in his two-door Civic while participating in Y Combinator (YC), the famous San Francisco-based seed accelerator. This experience became the foundation of Lambda School’s rapid growth. Before founding Lambda School, Austen was the co-founder of media platform GrassWire. He co-authored the growth hacking textbook Secret Sauce, which became a best-seller and provided him the personal seed money to build Lambda.In this interview, co-hosts Tiger and Arsh interview Austen about Lambda School’s business model, his entrepreneurship journey, the future of higher education and credentialism, the powerful influence of Y Combinator in Silicon Valley and whether it’s become less prestigious than before, how Austen got involved in angel investing, the stellar rise of Clubhouse, and many other topics in tech and business. We dig into the details of Lambda School’s operations and philosophy with Austen: Who ends up studying with Lambda? What is the selection process? What is the common trajectory of Lambda graduates? Could Lambda School’s educational model work in fields outside of computer science? From the perspective of Princeton students, Tiger and Arsh also ask Austen’s thoughts on higher education and credentialism. A liberal arts education is often seen as valuable in the sense that it provides students with many useful assets to enter the workforce with: skills and knowledge, a degree or diploma, and opportunities to network and become involved in their field before graduation. However, companies like Google are now giving accreditation for people who take their software engineering and computer science courses. Tech companies seem to be putting higher value on having particular skills, not on having the broad knowledge of a liberal arts education. Is that the future trend? Where it will matter less and less whether someone went to Princeton or some other Ivy League school? Or will it actually matter more since liberal arts education will become rarer? Austen is a seasoned entrepreneur and well-connected in the Silicon Valley community. Since Austen is an alumnus of YC, we ask him whether he thinks YC’s prestige and quality have come down over the years as it is now accepting hundreds, instead of just dozens, of companies into its incubator programs every year. It seems unrealistic to expect that there would be hundreds of high-quality startups every year, so is YC simply doing “spray and pray” rather than being actually selective? Does it still function as a true testament to the quality of a startup, or has it more become a place that could give startups more exposure to the VC community but actually adds little value to the companies themselves? Austen is an early investor of Clubhouse, an audio-only social media app that has recently become increasingly popular amongst people in tech. Austen believes that Clubhouse could easily become a $100 billion company. Tiger, however, is not a fan of Clubhouse and believes that it provides a less thoughtful alternative to podcasts and simply adds more noise to the discourse. They debate the growth potential and future possibilities of Clubhouse. Last but not least, Austen talks about how he got into angel investing and why the vast majority of Americans have missed out on the tremendous wealth creation that has mostly concentrated in Silicon Valley and taken advantage of by VCs in the past few decades. How could we democratize access to the private market boom? Is such democratization risky or constructive to building a more egalitarian society?
Austen Allred on Lambda School, $400 Billion Clubhouse, Peloton replacing religion, the death of Silicon valley, first principles thinking and more
Austen Allred is the founder of Lambda School and one of the smartest entrepreneurs trying to fix education. We talked about Austen's fascination with reading history in the context of business, his deep interest in shareholder letters and internal memos of Amazon, Berkshire Hathaway, Disney, and other great companies, and his thoughts on first principles thinking. He also shared how a Mormon mission he went to at age 19 in Eastern Ukraine has shaped Lambda, how he built his network in silicon valley, and putting 100% of his net worth in Tesla. He put out his bear and bull case for Clubhouse and why he thinks it's a $400 billion company. I thoroughly enjoyed discussing topics like Peloton replacing religion in America, the death of silicon valley, democratizing angel investing, and raising a $30 million fund without even intending to do so. It was a fun conversation. Here are the show notes :) 02:42 - Why I love reading biographies of The Wright Brothers and John D Rockefeller 04:56 - Amazon's shareholder letters are the best business writing ever 05:41 - Thinking in first principles can be taught 07:10 - Spending 2 years in Eastern Ukraine at the age of 19 and how that has shaped Lambda School 09:16 - I'm used to a lot less dopamine than most people 11:36 - People are way more open to cold emails than most people assume 12:46 - How I built my network in silicon valley from scratch 15:01 - How the world will look like if Lambda school succeeds 17:05 - Why I put 100% of my net worth in Tesla 18:38 - Clubhouse will be a $400 Billion company 21:06 - Twitter Spaces lacks the magical experience of Clubhouse and why it will fail 23:08 - Lambda school is priced low even though it feels high to a lot of people 25:25 - How I'd grow a podcast really, really fast 26:13 - If I wasn't doing Lambda School, I'd probably work for Roam Research 27:10 - Peloton is replacing religion in America 28:24 - CEO-COO relationship and the common thing among all great silicon valley companies 30:22 - Giving away free services for hyper-growth 31:36 - Why startups are now taking less than $5000 angel investments 34:30 - Silicon valley is dying 37:17 - Raising a $30 million fund without intending to I share all the articles/podcasts/books I consume during researching my guests as well as other stuff I find interesting in the newsletter (https://stealmymarketing.substack.com) You can also follow me on Twitter for similar stuff. My DMs are open (https://twitter.com/AbhishekLpd) Austen on Twitter (https://twitter.com/austen) Lambda School (https://lambdaschool.com/)--- Send in a voice message: https://anchor.fm/intellectual-software/message
Austen Allred is the co-founder and CEO of Lambda School. Lambda is one of the leading software engineering bootcamps. In this conversation we touch on bootcamps, universities, early childhood education, optimizing employment, & the power of Twitter. Follow Spencer Kier on Twitter: https://twitter.com/SP1NS1R.
156: Study now, pay later - Austen Allred, CEO and co-founder Lambda School
Growth Mindset Podcast
Austen Allred CEO Austen Allred was inspired to co-found Lambda School after spotting the major disconnect between a labor market in need of specialized talent, and the inaccessibility of training programs designed to fill that gap. His solution is a fully remote tech school with Income Share Agreements; rather than pay the Lambda School for training upfront, students pay a portion of their income after they've graduated and secured a job. Lambda School trains people to be software engineers at no up-front cost. Instead of paying tuition, students agree to pay a percentage of their income after they’re employed, and only if they’re making more than $50k per year. If you don’t find a job, or don’t reach that level of income, you’ll never pay a cent. Austen’s disruptive ideas on the future of education, the labor market disconnect, and the opportunity of providing opportunity at-scale have been featured in: The Harvard Business Review, The Economist, WIRED, Fast Company, TechCrunch, The New York Times, among others. Connect with Austen on LinkedIn Twitter Subscribe! If you enjoyed the podcast please subscribe and rate it. And of course, share with your friends!Special Guest: Austen Allred.Support Growth Mindset Podcast
Austen is co-founder and CEO of Lambda School. Lambda School is an online coding school with an income share agreement (“ISA”) model in which students only pay tuition if and after they get a job. Prior to Lambda School, Austen wrote a book called Secret Sauce: The Ultimate Growth Hacking Guide. He previously worked at LendUp and co-founded Grasswire. [0:10] - The basics of Lambda School [4:00] - Lambda’s use of the ISA business model [10:56] - Austen's experiences growing up with an entrepreneurial spirit [16:15] - Lessons learned from Austen’s religious mission in the Ukraine [23:15] - The importance of discipline and its decline in American culture [31:01] - Benefits of fasting and Austen’s fasting experiences [34:47] - Minimalism for a purpose-driven life [40:24] - Tesla’s greatness and the implications of selling too early [46:49] - The role of technological optimism in our society -- Thank you for listening to Pod of Jake! All shares and reviews are sincerely appreciated! LINKS: Twitter: @blogofjake Website: podofjake.com Blog: blogofjake.com Email: email@example.com Call: superpeer.com/jake Support: patreon.com/blogofjake Bitcoin: 3ESGQxrJZmGqd2SifqCUiHPvah1uWtN1Zd Ethereum: blogofjake.eth 0xF89aCC1f8c4FeEAc372997006BfE7c0fdD99F80c Bitcoin Cash: qznma8vxf8kjn4v9phsfkhzd0559gm7yfsx0gkl4sf
How To Get An $85,000 Job Without Paying For Tuition (With Austen Allred From Lambda School)
Leveling Up with Eric Siu
Today’s guest is Austen Allred, CEO at Lambda School, the online web development and data science academy that students pay no tuition for until they are hired. In this episode, we talk to Austen about overcoming the challenges that Lambda’s unique payment structure presents, what he is focusing on to optimize the business, and the path he has taken personally to get where he is today. Lambda gets paid retrospectively from their hired students via income shared agreements and Austen shares about what it took to get the school off the ground and keep it afloat when they were earning no money from fees. Next up, we talk about the legal challenges of keeping Lambda School registered with state-specific education regulations across the U.S. From there, we get into some of the things Austen is focusing on to improve Lambda School as a company and a place to learn within, hearing him highlight things like scaling, job placement, repeatable student experience, internal communication, and organizational design. Austen also weighs in on how he is getting better at being a CEO, the value of hiring executives, and where the company is currently at as far as metrics for employees, enrolled students, and successful hires. Wrapping up, we talk to Austen about his experiences of living in a car in his early days and ask him about his favorite business tool and some of the books, companies, and CEOs that inspire him most. TIME-STAMPED SHOW NOTES: [00:41] Before we jump into today’s interview, please rate, review, and subscribe to the Leveling Up Podcast! [00:48] The idea behind Lambda School and the way it structures fees. [01:47] How the income share agreement (ISA) payment structure at Lambda School works. [03:38] A story about the career success of a Lambda School graduate. [04:38] How Lambda School graduates help market the company. [05:35] The method Austen used to get the ISA model off the ground initially. [07:35] What Austen is doing to embark on the scaling journey with Lambda. [09:12] The pain of keeping Lambda compliant with state-specific education regulations. [11:56] Metrics for the funding Austen has received to keep the ISA model running. [12:09] How Austen and his team are helping students land jobs. [16:07] What led to Austen writing Secret Sauce and how the book is doing. [17:12] Metrics for students, employees, and successful hires at Lambda. [17:50] What Austen is doing to get better at being a CEO. [18:57] The value of hiring executives and how to find proper ones. [21:16] Which areas of the business Austen is optimizing currently. [23:49] Companies and CEOs who inspire Austen. [24:54] The story of how Austen lived in his car and what he learned. [26:36] Austen’s favorite business tools: GitHub and GitLab. [29:00] Why Austen’s favorite business book is The Wright Brothers. [29:26] The best way to find and connect with Austen online. Resources From The Interview: Austen Allred on Twitter Lambda School Secret Sauce: The Ultimate Growth Hacking Guide Paul Graham Geoff Ralston Tesla SpaceX Amazon Elon Musk Jeff Bezos Stripe GitLab GitHub Rippling Airtable Zapier Roam Must-read book: The Wright Brothers Leave Some Feedback: What should I talk about next? Who should I interview? Please let me know on Twitter or in the comments below. Did you enjoy this episode? If so, please leave a short review here Subscribe to Leveling Up on iTunes Get the non-iTunes RSS Feed Connect with Eric Siu: Growth Everywhere Single Grain Eric Siu on Twitter