u/InterestingFrame1982 wrote (the comment Michael replied to):
Yes, but I think you may be conflating the current economic conditions and the impact of a potentially devastating technology (AI) with effectiveness and quality of said bootcamps. Now, there is a lot of granularity in this conversation, and it's implied I am talking about the m
u/michaelnovati replied ·
I think this comes to some of the tension in the bootcamp industry right now.
Three approaches I'm seeing:
1. Some places are pausing because they just don't think they can do anything about the market. They think their product is relevant in a good market but not in this market.
2. Some places are pivoting and changing. Offering B2B programs or rebranding or new formats.
3. Some places are doing what they always did and trying to proceed as if it still works right now and the market isn't a problem.
There are examples in all of these cases of failures: pauses never resuming, pivots not working out, ignoring the market and losing product market fit.
I have seen only one program come back: Gauntlet from BloomTech. They did #2 by pivoting to a 'Top 2% IQ program to isolate the best of the best and teach them AI'. And it's working so far in that they have rebounded from almost zero.
I'm not criticizing or blaming, just laying out the landscape and the map and individuals can interpret how they want.