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By pioneering the Income Share Agreement model at Lambda School in 2017 — students pay nothing upfront, then a slice of their salary after landing a job — Allred forced traditional institutions to finally reckon with graduate employment outcomes as a financial accountability metric.
Austen Allred is the co-founder and CEO of BloomTech, formerly Lambda School, the coding bootcamp that popularized the Income Share Agreement, under which students pay no upfront tuition and instead a percentage of post-graduation income.
Founded in 2017, the company trained thousands of students in software engineering and data science before facing regulatory scrutiny that prompted its rebrand. Allred had earlier authored a bestselling San Francisco tech guide.
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