NEWS: Rithm School is shutting down - the doom and gloom is real - and it pains me to say so 😢. An update on bootcamp closures as of July 2024.

This is true but there are some caveats. 1. not a single boot camp has demonstrated the ability to scale. the best boot camps that try to scale have grown by multiplying out their staff and have hit big problems. generally what worked when they were smaller. oftentimes where a founder was personally really involved and carrying a lot of the program, and then that doesn't scale in the program starts doing things like lowering the entrance bar as more people drop out etc. so if boot camps are consolidated, I don't know if that would necessarily be a good thing. it might be an industry that just needs a lot of small players that each take like 10 to 20 students at a time. 2. I think that there's a possibility that not even the best will survive. Codesmith - one of the previous best bootcamps - when they announce downsizing 4 months ago, they said that they're going to be making changes as you allude you to, they said they were going to have co-working spaces, a ton of in-person events and a number of curriculum changes, and so far all I've done is add a couple of gen AI lectures. I think they're still working on this, but all of those powerful new techniques might not be able to be created if there's no money to invest in creating them. like even if you're one of the best and you have to lay people off, there's just no resources to do put a lot of trial error into inventing the best new techniques.