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It is nice to see these more expensive variants of colleges spring up. At least they're more honest than most universities - but then as [intellegacy] already n
by ph0rcyas 14y ago
It is nice to see these more expensive variants of colleges spring up. At least they're more honest than most universities - but then as [intellegacy] already noted, the opportunity cost is well hidden under this startup craze. Indeed, one does make more money by selling axes to gold miners than to mine gold.
- FireBeyond 14y agoAnd a fairly sweet deal for the instructors involved. 24 spots at $20,000 a pop = $480,000 split 3 ways for 6 months work, an annualized income of over $300,000.
- sliverstorm 14y agoYup. The ol', it's not the miners who make it big but the guys selling them shovels.
- modarts 14y agoNot sure that 300k a year would be considered "making it big" (not in the Bay Area at least.)
- steveklabnik 14y agoAs one of those three instructors, I can assure you that you're leaving out quite a bit there. I will not be making that much money.
- FireBeyond 14y agoTrue, includes the Mac, and facility usage. And not actually a knock, hey, more power - just a back of the envelope.
- jthree 14y agoAssume that other people's economics sound a lot easier from the outside :) One big consideration is that there'll be a three-month window in between sessions for the instructors to recuperate, revise the curriculum, and recruit a new class. A facility for 24+3, the laptops, administrative help, marketing, design... If we were each making 300K the first thing I'd do is drop the price. The costs dictated the tuition.