u/Schedule_Left wrote (the comment Michael replied to):
Obvious scam. Even if not, they're going to force you onto a job you're not qualified for and then expect you to pay back 15%, even if you get fired on the first day. Get a job the regular way, through your own abilities.
u/michaelnovati replied ·
They aren't a complete illegal-type scam at least, I know the founder has been doing coaching for a few years now but Coachable is pretty much him, a few other people, and then some former Coachable graduates - with legit FAANG jobs now - who are now "coaches". So it is pretty small for sure.
The 91% success rate, paying "165K" a year I want to know more about because just a few months ago they said the average compensation was $140K, but they don't give any details how this number is calculated.
And the other commenter is correct that if you leave something without a job, you usually have to pay something. Without reading fine print, there is a giant loophole here that if you leave a few weeks before you get a $100K job, then do you still have to pay? Is it 100K base salary or including bonuses and stock? How do they value private company stock in this guarantee? How do they value variable performance bonuses in this guarantee? What if you stay in the program for like 4 years? What if you have to go on parental leave for 4 months? What if you get a job paying 90K and then get another job in 2 months paying $120K? Lots of questions about that guarantee that you should ask.