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smoll | 5 years ago
To people who have other options, yes, it's a bad deal. But to those who have no way of navigating those options, like the people mentioned in the article, fundamentally changing your options landscape in exchange for a fixed percentage of an income bump you never would have realized otherwise is a fantastic deal.
I say this as a largely self-taught programmer who at one time considered giving away a huge chunk of 2 years of salary in exchange for a programming bootcamp + apprenticeship type of opportunity (this was a few years before bootcamps became a mainstream thing). It was extremely tempting and many times on my self-taught journey I second-guessed whether I could figure it out on my own and TBH, without an extremely high level of self-confidence in my intelligence and scrappiness, I probably wouldn't have figured it out on my own.
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