u/ConsistentPeach927 wrote (the comment Michael replied to):
Out of all the bootcamps you picked the one with no money back guarantee lol. Why???
u/michaelnovati replied ·
Money back guarantees aren't truly real.
They attract people who are less serious and feel like they have nothing to lose. Then they don't place. Then the program goes bankrupt.
It's a bad spiral but it's why all of the income share agreement providers have pulled out and disappeared.
A person who pays upfront is committed and more likely to succeed.
So the ones in operation have incredibly complex fine print that I haven't anecdotally heard from anyone who ACTUALLY got their money back.
For example at Triple Ten, most people who don't place, don't actually finish, and they blame themselves for not finishing. No money back guarantee in that case!