Hack Reactor is merging with Tech Elevator

5 of Michael's comments in this thread · View thread on Reddit ↗

u/michaelnovati replied · Aug 25, 2023

I stand by my 2023 predictions :P https://www.reddit.com/r/codingbootcamp/comments/1226i27/bootcamp\_predictions\_for\_the\_rest\_of\_2023/

u/lawschoolredux wrote (the comment Michael replied to):

1) I wonder how education quality will change… it looks like it’s the new part time program all over again where people on the fence had to wait and see how the first few cohorts were doing 2) I’m guessing the Hack Reactor name is the one that will stay, as that has more alumni

u/michaelnovati replied · Aug 25, 2023

I could go into each school and what I think would happen to it. Hack Reactor will probably survive as a brand. So Stride Inc is a public company worth about $1.7B that owns Galvanize and Tech Elevator. Galvanize owns Hack Reactor. This announcement is basically merging two independent subsidiaries, but really Hack Reactor has just been a brand on top of Galvanize's operations for years now and this merging will make Tech Elevator another brand under Galvanize's operations. What does this mean "operations"? It means Galvanize has all the corporate business operations stuff, it has the sales people, the marketing, payment processing, legal reviews, etc... Consolidation is when these companies can merge so that all of the humans doing duplicate work can be laid off and the combined programs are more profitable as a result.

u/Tbh_idk______ wrote (the comment Michael replied to):

Your predictions were spot on wow. Do you think this is going to hurt or help their brands? And separately do you think there is a space for new junior devs in this work environment?

u/michaelnovati replied · Aug 25, 2023 ★ FEATURED

I think it might end up hurting a bit but hopefully not. Hack Reactor's brand was hurt a bit when it was acquired, because it used to be like the Codesmith-level entry bar, and since being acquired they grew to larger cohorts and a lower entry bar. My completely personal opinion hunch is they will replace the instruction and curriculum in Tech Elevator with Hack Reactor/Galvanize curriculum, and leverage Tech Elevator more for it's partnerships in smaller cities like Cleveland and Columbus.

u/dumb_brick wrote (the comment Michael replied to):

Do you mind a DM question? Just need a third party option if that's ok with you.

u/michaelnovati replied · Aug 26, 2023

Sure

u/jcasimir wrote (the comment Michael replied to):

These mergers and downsizing make me sad. To be honest, I don't pay a lot of a attention to the broader industry. But steps like this, SNHU closing Kenzie Academy, it just feels like people giving up when things get hard. The main reason I made Turing a non-profit was so that it

u/michaelnovati replied · Aug 27, 2023 · edited

Nothing has gotten better post-acquisition because the best programs relied on human-power and humans don't scale. My team is solving this differently and we hope to scale.