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Austen Allred Profile picture
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Feb 17 • 4 tweets • 1 min read
Hey @docusign we have a "holy @#$% this bug is making it so our entire company is grinding to a halt" bug; support is reasonable but is very urgent for us.

Is there any way to escalate? Can I pay you more?

If anyone on tech support team can help ASAP I will buy them dinner.
I hate when people use Twitter this way but I will apologize profusely after this is resolved.

Case: 09003461
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More from @Austen

Austen Allred Profile picture
Feb 15
Yes, companies can give every employee a “loan” that allows the employee to early exercise stock options.

They don’t.

Not because they’re evil. Because if a company fails they don’t want employees to personally owe hundreds of thousands of dollars to pay for worthless stock.
I’m a big risk taker, but doing this for a late-stage company with a 9-10 figure 409a trading at >100x revenue?

I get nervous even reading this thread.
Didn’t even think about this - the company has raised $1B (in preferred stock) and is raising more.

A $1B+ pref stack.

All employees have common stock.

If the company sells for less than $1 Billion employee shares are literally worthless.

😳
Read 4 tweets
Austen Allred Profile picture
Jan 22
I hadn't thought about this, but could be very interesting.

The instruction/curriculum/product centralized and perfected, local in-home community. Maybe organizer helps recruit students and takes % revenue?

If anyone interested in trying email me - austen@bloomtech.com
I don't know how the numbers pencil out right now, but back of napkin it's just this side of crazy.

Less so if they can help bring in students who wouldn't otherwise attend.
I'm a big fan of the centralized/decentralized micro school model. I see it work great in K12 (@prendalearn); where people get together in person, using otherwise unused space, but keeping expensive pieces (instruction, product) centralized and scalable.
Read 4 tweets
Austen Allred Profile picture
Jan 6
My muse is speaking to me today: Some of the (many) things I got wrong building @bloomtech, in no order whatsoever.
1. I initially underestimated the importance of instructional design and the incredible skillset that being a phenomenal teacher is.

There are millions of talented engineers. The number of talented instructional designers who are also engineers is a tiny fraction of that.
2. I optimized too much for people being debt-free as quickly as possible.

Because this is a value I hold dearly, we started with a high repayment amount for a short period of time.

I think students are generally grateful when it's over, but it was more extreme than many wanted
Read 24 tweets
Austen Allred Profile picture
Jan 4
Alright, thanks for playing.

Winner is @ta_mffl!

DM me a way to pay you (venmo, cashapp, crypto) and I’ll send payment and post proof.

That was wild. No idea what it was good for or if I’ll ever do it again, but will share stats for “science.”
Preliminary data:

Followers from 192,779 to 193,341, so +562 followers.

1,895 total retweets, 3,136 profile visits, 110k impressions.

Honestly about equivalent with my normal tweets in # impressions.
For comparison: my 28 day summary from all tweeting.

The bump mid December is when Elon replied to one of my tweets.
Read 6 tweets
Austen Allred Profile picture
Dec 24, 2021
Would you work at McDonald’s if it paid $200/hr?
(That’s $416k/yr)
This is in today’s money not some crazy inflationary event
Read 6 tweets
Austen Allred Profile picture
Dec 7, 2021
Alright, decision made.

I’m turning my writings on “career hacking” into an official book (title TBD). That’s the best format.

In the meantime I’m looking for a few people to preorder + give feedback as I keep writing. (Will also pay for editor).

austenallred.gumroad.com/l/uGPkH
Literally decided on this like an hour ago as a forcing function for getting it all down for @bloomtech students.

@bloomtech students - do not buy this. Will get to you another way.
I set price intentionally obnoxiously high ($50). I know if I set at $5-10 I would get a whole lot of people who don’t need the info and don’t actually care about the contents. Don’t need those yet :)
Read 4 tweets

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