Austen Allred, CEO of BloomTech: Aligning Education Incentives

Austen Allred is the founder and CEO of the Bloom Institute of Technology (formerly known as Lambda School), a coding bootcamp that’s helped thousands of students get a job in tech.      

The discussion kicks off with an exploration of Income Share Agreements (ISAs) and how BloomTech has used them as an alternative to student loans. Austen shares insights on the financial incentives and regulatory pressures that have prevented more schools from embracing ISAs, and how the current student loan regime works.   

Auren and Austen dive deep on education and discuss different funding models at public and private universities, the decline of apprenticeship, and the structural factors that have caused the cost of education to skyrocket in the last few decades. Austen sheds light on questionable practices of for-profit colleges and the intriguing dynamics of universities acquiring coding bootcamps.

As the conversation unfolds, Austen shares insights on how being an investor makes him a better CEO and even delves into intriguing conspiracy theories. The episode wraps up with Austen debunking common management advice and offering unconventional perspectives on micromanagement and employee satisfaction. 

World of DaaS is brought to you by SafeGraph & Flex Capital. For more episodes, visit safegraph.com/podcasts.

You can find Auren Hoffman on X at @auren and Austen Allred at @Austen