u/here2chat2 wrote (the comment Michael replied to):
That's not transparent enough. Numbers like how many students enrolled so far. How many people dropped out? Placement rates after 1 Year + 30 days and + 1 Year + 60 days like codesmith. Your AVG data, doesn't give a clear insight how well your program is doing compared to codesm
u/michaelnovati replied · · edited ★ FEATURED
How would you answer that given the above restrictions? I would love to answer it but we just can't in a way that is actually clear and transparent?
100% of people adjust their schedules and time commitments throughout Formation (at least once, the majority adjust every week) so what would you do if someone goes on parental leave? What about if they go on a lot of vacation? How do you compare the time it takes for someone training 50 hours a week vs someone training 10 hours a week and the majority of people change their workload several times throughout? If someone is stressed and needs a mental health break, or needs a physical health break, that will impact their training time and unlike a bootcamp we don't kick you out or "defer" you for these cases. As I said, the majority of people fall under these kinds of situations so it's not an edge case that will get averaged out in placement times and data.
If you have thoughts on that, love to hear them so we can present data better. We do plan on and want to provide more data because transparency is important to us, but we want the data to be actually transparent and reflect what we do properly - the good and the bad.
You should absolutely NOT be comparing us to Codesmith - apples and oranges and anyone who has been through both programs will tell you they have nothing to do with each other. We have people with 10 years of experience who have gotten $500K+ offers down to self taught people with $65K offers, and the median and average overall of that is absolutely useless and misrepresents Formation. This is why in the data we present, we tried to focus on YOE as an anchor point and feel like that is most important. Codesmith's data has ZERO aspects of YOE in it because they are a bootcamp training people from the same starting point - which is zero YOE (and in fact people with experience who do Codesmith skew their data and that misrepresents their outcomes for people who don't have experience - the majority - as a result)