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Austen Allred

Co-Founder & CEO at BloomTech

Austen Allred is the Co-Founder and CEO of BloomTech, formerly known as Lambda School, which he established in 2017. BloomTech is a coding bootcamp that focuses on providing students with the skills needed for well-paying jobs in technology, utilizing a model that includes income share agreements (ISAs) as a payment method. Allred's journey began while he participated in Y Combinator, a prominent startup accelerator, which helped lay the groundwork for BloomTech's development and growth.12

Before founding BloomTech, Allred co-founded Grasswire, a media platform, and worked in various roles including Senior Manager of Growth at LendUp and Social Team Lead at Fit Marketing. He is also an author of the growth hacking textbook Secret Sauce, which contributed to his initial funding for BloomTech.12

Allred has been recognized for his innovative approach to education, addressing the disconnect between the labor market and traditional education systems. His ideas have been featured in major publications like The Harvard Business Review, WIRED, and The New York Times .2

Recently, BloomTech and Allred faced scrutiny from the Consumer Financial Protection Bureau (CFPB) for allegedly misleading students about the nature of their income share agreements and inflating job placement statistics. This resulted in significant penalties and restrictions on their operations.34

Allred resides in San Francisco with his family and is fluent in Russian.12

Highlights

CFPB Takes Action Against Coding Boot Camp BloomTech and ...
BloomTech and CEO Austen Allred Deceived Students, US Agency ...
BloomTech and CEO Austen Allred Deceived Students, US Agency ...
Jan 23 · youtube.com
BloomTech CEO Austen Allred: Building the Best Coding Bootcamp
BloomTech CEO Austen Allred: Building the Best Coding Bootcamp
Lawsuit accuses for-profit coding school of misleading student about instruction, job prospects - San Francisco Chronicle
Apr 15 · Yahoo Finance
Single mom sues coding boot camp over job placement rates - Yahoo Finance

Related Questions

What inspired Austen Allred to start BloomTech?
How did Austen Allred's experience at Y Combinator influence BloomTech?
What are the main criticisms against BloomTech and Austen Allred?
How did Austen Allred's previous roles prepare him for leading BloomTech?
What are the key features of BloomTech's educational programs?
Austen Allred
Austen Allred, photo 1
Austen Allred, photo 2
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Experience

Co-Founder & CEO at BloomTech since Apr 2017
Senior Manager - Growth at LendUp, Feb 2016 - May 2017, Co-Founder at Grasswire, May 2014 - Dec 2015 and Social Team Lead at Fit Marketing, Aug 2013 - May 2014

Education

Y Combinator, S17 Batch

Location

San Francisco, California, United States