Ada Developers Academy 'significantly' reduces headcount, pauses admissions, names interim CEO – GeekWire

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

u/michaelnovati replied · Aug 31, 2023

Source (sourcing is important!): https://www.geekwire.com/2023/ada-developers-academy-significantly-reduces-headcount-pauses-admissions-names-interim-ceo

u/Top-Measurement-7216 wrote (the comment Michael replied to):

\*sigh\* This is sad to see a nonprofit giving women access to tech be struck such a hard blow. I think they estimated they needed around $30 million in funding in order to fulfill their expansion plans from last year.

u/michaelnovati replied · Aug 31, 2023 · edited ★ FEATURED

\+1000 to woman founded, woman lead, diversity focused programs. The only one left I know of is the one I co-founded: Formation (founder and CEO is Sophie, majority of leaders are women), but it's not a bootcamp and it's for experienced engineers. Hopefully some day - when we're confident we can deliver an exception experience - we'll be able to help people get from zero to one as well.

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

Check out Techtonica.

u/michaelnovati replied · Sep 1, 2023

Yeah they are on my radar! My understanding is that they were founded and run as a non profit and didn't do the VC/fundraising route that I mentioned. I wrongfully thought Ada was originally a for profit that converted non profit recently to fundraise via grants but I'm wrong and I think it was always a non profit! So I'll edit that! I've noticed a lot of people jumping ship from Ada to Techtonica in the past few months and a word of caution - Ada shut down for good reason - they lost their partnerships to put people into internships and they didn't lose them because they are poorly run, they lost them because the companies just can't hire no experience people right now and there's no reason to think that Techtonica will have some different partnerships that Ada doesn't have. I hope they do!!

u/Livid-Cup-7006 wrote (the comment Michael replied to):

>The only one left I know of is the one I co-founded: Formation Hackbright Academy for Women.

u/michaelnovati replied · Sep 2, 2023

Hackbright was founded and led by a man and sold to one of the largest for-profit education companies in the country...

u/Livid-Cup-7006 wrote (the comment Michael replied to):

I wonder what your relationship to Formation is?

u/michaelnovati replied · Sep 2, 2023 ★ FEATURED

I have never led Formation and despite being a co-founder, Sophie is and has always been the founder, president, secretary, CEO and face of the company inside and out and she tells me what to do. But you knew that I guess? Seriously, you all seem passionate about this and maybe you don't want to be open minded about me but you should give Sophie a chance.