More CIRR H2 2021 results out! Codesmith included - with a lot to unpack! Overall lower placement rates and much higher salaries of those placed, and a few more fun things!

I agree that I should be more precise and appreciate the pushback and I did a deeper dive. A larger problem is most big tech do not allow you to have another W2 job in the tech field because their contracts cover all your IP created in the tech space and the OTHER W2 job usually has a similar contract and hence the conflict. Agree on 52 Fellows, 3 months W-2 @ $1K per week. 17 prep instructors who have full time jobs elsewhere (I don't know the compensation, it's not gift cards but I don't what it is and I would somewhat expect it to be something hourly yeah, I shouldn't bucket them into the 50K a year - I just don't know but I didn't think it was equivalent to the full time instructors and have ZERO basis to believe it's lower, just guess) 15 engineering mentors who have full time jobs elsewhere (these are the people who I thought were not paid W-2 but paid with gift cards - or equivalent) for helping. Maybe they are on payroll too? 8 hiring support engineers who have full time jobs elsewhere (my understanding is this job is like a Fellow but for the career side only, so again assuming it's paid at a lower rate or with gift cards as well) 7 technical interviews who I thought are people paid in gift cards but I know a lot of non-listed people doing this, so maybe these 7 people are paid cash more consistently and the others are gift cards off the books. But I assume the rate is somewhat similar and lower. So that's where I got the \~80 number from (it's 99 rounding down because I'm assuming some of these people are paid higher in more involved roles and a small number are not alumni... I'm making a lot of assumptions and again appreciate the pushback to call them out) There are also 34 people who are instructors, including the 17 prep ones above, but I'm assuming the other 17 non-prep instructors are more likely paid higher and didn't think about them in that that statement but maybe they are as a lot of them seem to have full time jobs So of the 163 staff listed, approximately 116 are Codesmith graduates either working at Codesmith or working in industry and part time involvement. I still maintain that like having more of a balance of previous students and industry people would be better. But if they hired people from the outside that were really strong that would drastically increase costs and would be much harder to control the delivery of teaching materials (which they care about a ton) So fellows alone lets say it's perpetually 50 fellows. 50K \* 50 = $2.5M of salaries. These are "$120K engineers" doing this work, so replacing them with outside people at $120K is $6M a year. I don't want to make more assumptions about all the part time people but if there is a similar savings this adds up. If you have 1000 students a year = $20M of revenue. That $3.5M in savings is 17.5% of margins alone. Instead that can be used to reinvest in improving and growing Codesmith, hence why I call it a massive advantage.