Pitch

Alchemy.md

TAM

• Current ~500K open developer jobs
• By 2020 likely to be 1.5M
• CS Grads ~50k/yr
• Code Schools ~20k/yr

Our Traction

Outcomes

• ~80% placement
• ~$75K starting salary

Revenue

• 2016: $335K
• 2017: $685K
• 2018: $1M

Trends

Income Sharing Agreements (ISA)

What is it?

• No tutition up-front
• 17% of first two-years of job income
• Must earn at least $50K
• Max $30,000

Impact

• More revenue per student (% and less scholarships)
• Non-revenue from failed students
• Makes pricing competition irrelevant
• Enormous lead generation
  • Other ISA schools ~5-10% acceptence rate
  • ACL current at ~90% acceptence for those that apply
• Ups consumer confidence

Winners are Highend Schools

• Proven outcomes (ISA)
• Longer, more in-depth training (6-9 months)

Remote, not Online

• Pure online (Treehouse, CodeAcademy, etc) not sufficient

  • Limits of tutorial model
  • Not "Doing it for Real"
  • Need humans to teach rest of stuff
  • Need to work with humans

• Remote

  • Extend effective in-person model
  • Allows scability without having to physically expand to new markets
  • Still "Doing it for Real" because remote working is on rapid rise
    • Slack and other IM platforms
    • VSCode live share
    • Webinars, etc.