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by ph0rcyas 4946 days 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.
1 comments

And 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.
Assume 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.

As 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.
True, includes the Mac, and facility usage. And not actually a knock, hey, more power - just a back of the envelope.
Yup. The ol', it's not the miners who make it big but the guys selling them shovels.
Not sure that 300k a year would be considered "making it big" (not in the Bay Area at least.)