u/BeneficialBass7700 wrote (the comment Michael replied to):
it really is crazy how the landscape changed. just 2-3 years ago, we had dozens of bootcamps where they all were able to place students to some reasonable degree, some better than others. then it seemed like a very quick turnaround to maybe just four programs operating at any mea
u/michaelnovati replied · ★ FEATURED
Launch School is doing ok because its model protects against the market to some degree and the market impact is less severe.
1. You do Core for months so then only people who are perfect fits for Capstone get in
2. The founder is hands on doing most of the work, so there aren't many people to pay. He could personally take lower income for some time to survive. Codesmiths founder uses your tuition money to go to conferences and write books and make lectures for Frontend Masters and students complain they never see him. Fine but you have to pay more people to run the program and when most of those people leave and you are still MIA - math doesn't work out.
3. Launch School's very small, like 20 capstone at a time, 60 a year. Codesmith had like 1000 people in 2023. The founder knows everyone by name and helps them try to get jobs individually.
So yeah Launch School ends up with like a 70% placement rate in 6 months which blows away Codesmith's 29% (of people responding to compare to Launch School which only includes people who respond). But it still dropped from 100% to 70%.