u/Standard_Life_2629 wrote (the comment Michael replied to):
Hi Michael, Me again! :) Our CIRR results will be out soon, and we're looking forward to sharing the detailed data with you. You’re right, offers and average salaries are down, which isn’t surprising given the massive tech downturn. No one, including Codesmith, has been immun
u/michaelnovati replied · ★ FEATURED
>Our team is very focused on the bigger picture, being a rigorous and accessible pathway for a new gen of technologists able to help meet this moment (arguably the 4th industrial revolution)
Your team should spend more time on the ground with students and less time with the bigger picture. If you want to only work on the bigger picture, go into academia or politics.
Otherwise don't take peoples' $22.5K and use that money to fund your "bigger picture" explorations and ideas, or to fund the creation of new AI/ML programs.
VC, loans, and outside funding is meant for investing the future. Your students are paying to get jobs, not paying for developing future programs and so the team can go to conferences like Davos and write books.
I haven't made a penny of salary or compensation from my company in 5.5 years since day 1, and we have never had a profit, because every penny given to us is invested in the the experience. How much of the $80M Codesmith has taken in over 10 years has its CEO taken home instead of reinvested into the company?
I'm all for constantly learning and constant evolution, but execution matters too.
If I point out mathematical errors and data inconsistencies, don't ignore them in favor of the 'future', because there will be not future if you don't get your stuff together.