August 14, 2018
Bootcamps exist because traditional education models have failed to provide students job-ready skills for the 21st century. Students demand better employment options from their education. Employers demand skilled and job ready candidates. Big Education's failure to meet those needs through traditional methods created the fertile ground for the new business model of the programming bootcamp.Education giant Kaplan and Apollo Education Group (owner of University of Phoenix) bought their way into this new educational model when they purchased The Iron Yard and DevBootcamp. They purchased their competition with the intent to scale up the model. Unfortunately, Big Education is too habituated to coming up short for students. They bought the upstarts that challenged them, tried making changes to run those bootcamps in the "Big Education" way, and, sadly, they've closed the doors when they realized that scaling education is more challenging when student outcomes truly matter.The bootcamp model is still new and there will be plenty consolidation, competition, and changes in the future. This model is based on actually being adaptive, innovative, and sustainable. And there's always room for innovation.
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