• About Us
    • Join CAPPS Email List
    • What is Private Postsecondary Education
    • About ICEPAC
  • News
    • Legislation / Advocacy
  • Events
    • CAPPS Legislative Policy Conference 2021
    • 37th Annual Conference
    • Educational Advisors ~ Event Calendar
  • Resources
    • Classifieds
    • Professional Online Training Center
    • State and Federal Resources
    • Accreditors
    • Boards
    • Associations
  • CAPPS Member Portal & Archives
    • CAPPS Membership Directory
    • Conference Archives
    • Webinar Archives
    • Workshop Archives
    • CAPPS Member Portal
      • CAPPS Legislative Watch
    • Featured Members
    • Select Allied or School Benefits – Why be a CAPPS Member?
      • School Membership Application & Renewal Form
      • Allied Membership Application & Renewal Form
  • Awards
    • CAPPS Memorial Scholarships
    • Excellence in Community Service Awards
    • CAPPS Hall of Fame STAR Awards
    • Norma Ford Financial Aid Professional of the Year
    • School of the Year
    • Allied Member of the Year
California Association of Private Postsecondary Schools                        
916-447-5500
Email
        Login
CAPPSCAPPS
  • About Us
    • Join CAPPS Email List
    • What is Private Postsecondary Education
    • About ICEPAC
  • News
    • Legislation / Advocacy
  • Events
    • CAPPS Legislative Policy Conference 2021
    • 37th Annual Conference
    • Educational Advisors ~ Event Calendar
  • Resources
    • Classifieds
    • Professional Online Training Center
    • State and Federal Resources
    • Accreditors
    • Boards
    • Associations
  • CAPPS Member Portal & Archives
    • CAPPS Membership Directory
    • Conference Archives
    • Webinar Archives
    • Workshop Archives
    • CAPPS Member Portal
      • CAPPS Legislative Watch
    • Featured Members
    • Select Allied or School Benefits – Why be a CAPPS Member?
      • School Membership Application & Renewal Form
      • Allied Membership Application & Renewal Form
  • Awards
    • CAPPS Memorial Scholarships
    • Excellence in Community Service Awards
    • CAPPS Hall of Fame STAR Awards
    • Norma Ford Financial Aid Professional of the Year
    • School of the Year
    • Allied Member of the Year

News

  • Home
  • News
  • Unable to ‘Reach a Sustainable Business Model,’ Dev Bootcamp Will Shut Down in December

Unable to ‘Reach a Sustainable Business Model,’ Dev Bootcamp Will Shut Down in December

  • Posted by CAPPS
  • Date

EdSurge News

Unable to ‘Reach a Sustainable Business Model,’ Dev Bootcamp Will Shut Down in December

By Tony Wan  Jul 12, 2017

7/13: This post has been updated with comments from Dev Bootcamp president, Tarlin Ray.

Dev Bootcamp, a pioneer in the coding school industry that was among the first to offer short-term, intensive programs to help learners acquire web development and programming skills, announced it will be shutting its doors on December 8.

In an email, the company stated that “we’ve determined that we simply cannot reach a sustainable business model without compromising our mission of delivering a high-quality coding education that remains accessible to a diverse population of students.”

The company was founded in 2012, and had bootstrapped its growth until its acquisition by Kaplan in 2014. That decision was driven by money. Jon Stowe, Dev Bootcamp’s president during the transaction, wrote that the company’s co-founder and first CEO, Shereef Bishay, “wanted to untangle his personal finances from the financial future of Dev Bootcamp, and we began to look for a partner who would not only help us grow, but add a complementary set of skills and resources that are second to none in the industry.”

It appears that the Kaplan ownership did not stave off the financial concerns for long. Shortly after the company announced its impending closure, it offered this response for the decision on Twitter:

In an email to EdSurge, Dev Bootcamp’s current president Tarlin Ray wrote that “Dev Bootcamp leadership, in partnership with Kaplan, made the decision to wind down operations.” The difficult decision, he added, “was the result of a combination of factors: low barriers to entry for the industry, the challenge of differentiating a quality product in the current marketing environment, and the significant additional investment required to maintain a lasting presence over the long term.”

There’s one last hurrah: Dev Bootcamp’s final cohort will start on July 17 and finish in December. The company says it will continue to provide career services and support for “at least six months” following the last graduation.

Dev Bootcamp was among the vanguard in the “bootcamp” industry that now numbers more than 420 such schools, according to a tally from Course Report, an aggregator of such programs. On its website Dev Bootcamp claims to have helped “more than 2,700 students develop meaningful careers in technology or tech-related fields,” at companies including Forbes, Google and Scholastic. From its home base in San Francisco, the company expanded its on-campus programs to Austin, Chicago, New York, San Diego and Seattle. Depending on location, tuition ranged from $12,700 to $13,950 for the 18-week program.

Still, “tuition costs were not enough to cover day-to-day operations of running our campuses,” Ray wrote. Dev Bootcamp currently has a staff of 175, including full-time instructors and part-time employees.

Below is the company’s email announcement about winding down. This post will be updated as we get additional information.

Tag:coding, Dev Bootcamp, Kaplan

  • Share:
author avatar
CAPPS

Previous post

The Academic Zodiac

Next post

Negotiated Rulemaking on Gainful Employment and Borrower Defense to Repayment

You may also like

Screenshot 2021-01-19 123711
The Marsha Fuerst School of Nursing at Glendale Career College Joins with Adventist Health Glendale in Clinical Partnership Program
19 January, 2021
Inside Higher Ed
Private College Worries
19 January, 2021
Inside Higher Ed
Grand Canyon Sues U.S. Over Nonprofit Status Ruling
16 January, 2021

Search

Memorial Scholarship Information
Donate to ICEPAC
Become an Allied Member
Become a School Member
CAPPS Events

ABOUT US

  • What is Private Postsecondary Education
  • CAPPS Memorial Scholarships
  • Upcoming Conferences

MAILING ADDRESS:
California Association of
Private Postsecondary Schools
2520 Venture Oaks, Suite 170
Sacramento, CA  95833
info@cappsonline.org
www.cappsonline.org    

CappsOnlineMorpho Web Design.

2020 All Rights Reserved CappsOnline.org