u/Efficiu wrote (the comment Michael replied to):
I’m not asking you to compare your data to anyone, I’m asking you for qualitative data PERIOD. You advertise a $134k TC on your website but provide no contextual information: how big is the sample size, what’s the average time those included spent job hunting, how many of thos
u/michaelnovati replied · ★ FEATURED
I tried to give some reasons above but I don't even like what we have now on the site, because the outcomes vary so so so much by goal and we have to very carefully decide which numbers best represent what we do - which we haven't done yet - so we encourage people to talk to whatever random Formation person they can find with similar backgrounds and chat with them. Like we literally have had 10+ offers over $300K TC in October for whom that is the market rate and we help the people choose between offers. The uniqueness of those situations for those people are not captured in an average salary metric because and we want people to know they are getting a bespoke experience aimed at helping the accomplish their goals.
I've said this before but some of Codesmith's alumni get stock and bonuses as well, excluded from CIRR, and CIRR does not paint an accurate picture of their outcomes as well. By going on all on CIRR everyone is OBSESSED with some of the arbitrariness of the metrics they ask for. But since Codesmith's numbers are better than other people they compete with head to head, it's not a bad strategy to go all in on supporting them.
For us, our competitors are Interview Kickstart and Outco. I would press you to find metrics and salary data from them, and they are an order of magnitude larger than us in terms of number of engineers, and they are both a lot older too. We're playing in different arenas than the bootcamps.