Startups require specialized talent. Engineers, designers, product managers - each train for years to help scale businesses.
The training can take any number of forms: structured classes at universities, online classes, or just exploring the depths of the internet.
Under-privileged students overwhelmingly don't have access to these types of educational experiences. Personal laptops and home internet are expensive. Many work weekends and nights to pay for rent and food: spending weekends learning to code, attending hackathons, and preparing for interviews isn't realistic.
A Dilemma: Learning vs. Signaling
What's worth more: a Harvard-quality education, or a Harvard diploma? The answer isn't obvious. Rationally, an education and skillset should be worth more than a degree. Practically, credentials still carry weight in the job market.
Startups are leading the charge to reject credentials. Startups began by rejecting the MBA, and most of the companies using A-List design their own skills assessments to rate engineers and designers. The same is happening with sales and operations jobs.
Startups are starting to ignore credentials
Startups can't afford to rely on credentials. Education startups are growing quickly to fill the skills gap with practical courses for every type of job in tech: engineering, data science, design, product management, and even sales.
Even big companies are starting to ignore credentials. Last week, technical bootcamp General Assembly was acquired for $413M by the world's largest temp agency to boost their ranks of technical workers.
The next generation of education is exploding:
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