u/zerabellaa wrote (the comment Michael replied to):
FYI, CIRR is a \*\*business league NONPROFIT\*\*. You present it as if CIRR is a company out to make money lol CIRR was created so that the "the outcomes of every enrolled student must be reported in a single, simple, clear report" using common standards. Hack Reactor, Launch Sc
u/michaelnovati replied · · edited ★ FEATURED
I'm here with my real name, my one account, giving people advice day in and day out and I'm sure some of those people will back me up. I'm here consistently being helpful and reasonable in all my discussions about all kinds of topics and not once have a not given genuinely helpful advice to someone.
**On the other hand, you work at Codesmith on the side (or worked recently), do not disclose it, and keep defaming me and my company when I talk about Codesmith in any way that is perceived negatively. EDIT: the person denies they worked/work there and claims this is false.**
Responses to statements for other people reading this:
1. Formation doesn't cost at least $20,000+. I don't know where you are getting that number or if you know how ISA caps work. We have several paths and several payment options. Only one pathway, if paid with an ISA, can exceed $20K and it certainly is not the minimum, most people pay less than that as our average base salary is $135K (ISAs are based on base salary only).
2. Read about our story and why we have investors. Sophie represents our story and she is the founder, not me, so listen to her about where she came from. It's incredibly hard to build a company as female founder and you should really hear her story before assuming her intentions and goals. We've hired incredible principal, staff, senior engineers from top companies who have interviewed thousands of people, trained interviews, recruited at top companies for years. Who pays for these people's cumulatively millions of dollars of salaries when we are starting out? We take investment to so we can have the best people supporting our Fellows and the best engineers building out the unique technology that powers Formation. It's VERY HARD to select and schedule hundreds of 3-5 person tiny sessions with staff engineer mentors and make everyones schedules work based on their unique availability - and do this every week. Who is going to build that engine? The best engineers. How do we get the best engineers? By paying them. How do we pay them? We need to raise funds. If we are going to raise funds, we are going to raise them from the best investors we can. A16z is one of the top investors in the world for helping to build companies.