Special: Exploring a Revolutionary Revenue Model for Education w/ Austen Allred, CEO @ Lambda School

The Backbone: a journey inside finance at a startup

Joining me on this special episode of the Backbone is Austen Allred, Co-Founder and CEO of Lambda School - a training program specializing in coding, computer science, and web development, with a revolutionary tuition model that asks graduates to pay once they land a successful job. I chat with Austen about: 1. His journey so far and how it was instrumental in the founding of Lambda School in 2016. 2. Lambda School and what it's all about. How Lambda School challenges traditional the university structure? 3. Employers, credentialing candidates and educating employers to focus on hiring candidates whose experiences and skills best suit them for the job. 4. Some of the financial challenges and risks associated with Lambda School's revenue model and how to raise capital for such a model? (Lambda School has a unique revenue model in that the company does not require students to pay up front for their training. Instead they are taking a bet on the student's career prospects for the first 2 years after they graduate Lambda School, to take a % of their earnings.) 5. Whether Lambda School would consider expanding its offering over time, to other aspects of training such as sales, marketing, and finance? We close things off with a quickfire round: - Your go to online resource for all things startup finance related - Your favourite productivity hack - Tech jargon that makes you cringe - The best advise you've received - One thing you don't leave the office before finishing --- Send in a voice message: https://podcasters.spotify.com/pod/show/backbone/message