camp. They’re investing in alternative education. The Hustle Tues, Oct 24 Brought to you by Dapulse… taking the ‘work’ out of teamwork. WeWork just bought a coding bootcamp, betting on the future of vocational schools In a gamble against expensive 4-year college degrees, the shared-workspace company has purchased NYC-based coding bootcamp, Flatiron School. WeWork plans […]
Brought to you by Dapulse… taking the ‘work’ out of teamwork.
WeWork just bought a coding bootcamp, betting on the future of vocational schools
In a gamble against expensive 4-year college degrees, the shared-workspace company has purchased NYC-based coding bootcamp, Flatiron School.
WeWork plans to expand Flatiron from its single location in New York to most of the 170 WeWork offices, which would help to further test the growing idea of bypassing college in the US tech industry.
The value of the acquisition wasn’t released — but with a $20B valuation, WeWork is tied for the 6th most-valuable startup in the world, so they certainly have some impressive buying power.
A natural fit
According to Flatiron’s co-founder, Adam Enbar, the deal aligns with the same cultural shift WeWork has been marketing since they came on the scene: an accessible, and affordable community at work — a physical space where people can work, live, snack, network, and learn.
“Connecting people through space, design, technology, and community are what humanizes the way we work and live,” WeWork’s CEO Adam Neumann has said. “We are all students for life.”
This acquisition comes at an interesting time for Flatiron
Many so-called experts preach that four-year colleges have lost their significance — especially in Silicon Valley, where self-taught engineers abound.
But can these boot-camp programs adequately train students for jobs in such a short amount of time?
According to Fast Company, the Flatiron School was fined $375k by the New York Attorney General’s office earlier this month for marketing dubious job placement rates and salary ranges for its graduates, claiming that 99% of students were able to get jobs after graduation.
As part of the settlement, Flatiron now has to be more transparent about exactly how many of its grads are getting starting salaries of $75k+, and how many actually secure full-time employment upon graduating.
Maybe WeWork’s cool guy energy will help set the school straight.
Snap’s got Spectacles, but no foresight
When Spiegel and the gang released their camera-fitted, Snapchat-ready glasses to the public last November, they had high hopes for their hipster hardware.
But to date, Snap’s only sold 150k units — and now, they’re reportedly stuck with hundreds of thousands of unsold Spectacles.
At first, Snap only made its $129 Spectacles available for purchase from a small number of semi-anthropomorphized pop-up vending machines called “Snapbots.”
In February, the company opened up the floodgates to a much wider audience by selling them online. In anticipation of a much larger order volume, they ramped up their production of Spectacles.
But the boost in sales never really came: in Q1, they sold about 60k units, and in Q2, that figure dipped to 45k. Today, they’ve sold around 150k — far less than they projected, given that…
They have a huge surplus sitting around
The Information reports that Snap’s got “hundreds of thousands” of Spectacles sitting around unsold (though that includes unassembled bits and pieces that might be repurposed for other hardware).
In between yacht trips with Miranda Kerr, Evan Spiegel has touted Spectacles as a smash hit, even going so far as to claim they outsold the first iPod — but this report paints a far different picture, providing yet another data point that the demand just isn’t there for “smart” glasses.
Snap stock was also down 4% at closing yesterday. Sorry, Spiegs.
AI researchers fresh out of school are getting paid $500k salaries
In an effort to solve everything from face-scanning to autonomous vehicles, the world’s biggest tech companies are fighting over a small class of graduates with a very particular focus: AI research.
AI specialists, from fresh PhD grads to those with just a couple years of work experience, are getting paid $300-$500k in salary and equity, according to The New York Times. And that’s just for the newbies…
The big names are making millions
According to the NYT, all-stars in the AI field are negotiating contracts like NBA players, and have racked up “double-digit millions over a four- or five-year period.”
And looking down on it all are people with direct AI project management experience, like Anthony Levandowski, the former head of Google’s self-driving car division, who received nearly $120m in incentives before jumping ship to Uber.
So what’s juicing their paychecks?
A few things:
Everybody’s trying to make autonomous vehicles. This is pitting massive automakers like GM and Ford against massive tech companies like Google and Uber. Both industries have no shortage of resources.
AI has seemingly endless applications. We’re talking fake news algorithms, smartphone assistants — you name it, companies like Facebook are using AI to solve it.
Only a few people truly understand AI. And that makes them all the more valuable. According to an independent lab in Montreal, Element AI, fewer than 10k people in the world have the knowledge needed to solve cutting-edge AI problems.
In other words, AI experts are now what developers were at the turn of the millennium.
A Florida couple accidentally received 65 lbs of weed in the mail from Amazon… dank
This summer, a couple placed an order for a few 27-gallon storage totes. But when the packages arrived, something felt a little off — by almost 100 lbs.
After the woman opened the box, she claimed she was hit with a strong odor, and under layers of packaging, she found 65 lbs of the devil’s lettuce.
It’s always Florida, isn’t it??
The Orlando police found that the order was shipped by Amazon “Warehouse Deals” via UPS from a facility in Massachusetts, weighing 93.5 lbs in total.
Despite going back and forth with Amazon and not sleeping in their house for days after the incident (for fear the intended recipient would come looking for their package), the customers said they couldn’t even get in touch with a supervisor.
But, finally, a month later they did receive an email from an Amazon representative with a gift card for $150 and the message, “I am unable to do anything else at this time.”
The FBI’s hunt for two missing piglets reveals the federal cover-up of barbaric factory farms (The Intercept)
This article seems like a story only the Coen Brothers could come up with. Then you realize it’s real, and sad, and why are baby pigs so much cuter than adult pigs? We’ll never know.
Marilyn Manson on the perils of being ‘the lord of darkness’ (The Guardian)
It’s Marilyn Manson giving an interview in his hotel room the only way he knows how. Do you need more of a reason than that?
The management secrets of classic rock bands (Quartz)
How did the Grateful Dead hire and fire their tour managers? Is Bono really in charge of U2? Or is someone else pulling the strings? Delve into the hierarchies behind rock music’s most legendary bands.
Radioactive wild boars in Sweden are eating nuclear mushrooms (Quartz)
Ok, so this round of AFGR is a little pig-heavy, but how can you pass up this title? Radioactive wild boars getting straight messed on nuclear shrooms? What’s next? Radioactive alligators?… Oh, right, that’s also a thing.
But Seinfeld impressions aside, Gantt charts have been around since World War I — seriously, look it up. These slick project schedules visualize team priorities, showing the order of things that need to be done.
Super helpful, yes. Easy to make, hell no.
Until Dapulse came around. Dapulse brings Gantt charts to the modern office in a smart, easy-to-use, high-five-your-boss kind of way.