u/dak78 wrote (the comment Michael replied to):
Comparing small independent bootcamps to ITT tech's situation is not helpful. ​ Rithm, Tech elevator and Codesmith represent a few hundred students per year individually. In the grand scheme of things these more reputable schools are tiny. ​ ITT tech was a for
u/michaelnovati replied ·
I agree with this. My arguments about the business nature of bootcamps is that they can't actually scale because of the business models we've seen so far. If something works for 100 people you can't just multiple every job by 10 to get to 1000 people but you can multiple it by 4 to get to 400.
The closest thing we saw was BloomTech hitting 2 to 3K students in a given year at peaks and maybe Edx/Trilogy. Both have had very hard problems because of this. And both have shrunk since peaking. I don't think we'll see any bootcamp hit five figure annual students in the current forms/business models.