Austen Allred

Austen Allred joins Bankless to unpack Kelly Claude, the AI agent he has given an LLC, bank accounts, a token, and even a human employee. They explore how Kelly finds software opportunities, ships apps to the App Store, learns through orchestration and factory-style workflows, and why crypto rails may be the missing layer for agent-to-agent commerce. --- 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- BANKLESS SPONSOR TOOLS: 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🪐GALAXYONE | SOLANA STAKING https://bankless.cc/GalaxyOne 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 💰NEXO | YIELD + CREDIT LINE https://bankless.cc/nexo 🧭OKX | TRADE, EARN, PAY https://bankless.cc/OKX 🌐BRIX | EMERGING MARKET YIELD https://bankless.cc/brix --- TIMESTAMPS 0:00 Intro 1:05 Meet Kelly 4:46 Why Kelly needed an LLC, bank account, and token 10:27 The real goal is a zero-human company 15:46 The apps Kelly is already shipping 18:33 Can taste be replicated? 21:53 Why AI defaults to consensus 30:04 What orchestration and factories actually mean 34:21 How autonomous is autonomous? 38:20 The marketing factory and why AI ads must look worse 46:47 Why Ryan and David’s agent Daniel keeps failing 54:43 Can there be a generic template for AI companies? 59:14 If everyone can build over a weekend, what are the moats? 1:06:08 Why crypto finally clicks for AI agents 1:12:32 The missing crypto product is distribution 1:14:57 Advice for builders experimenting with agents --- RESOURCES Austen Allred https://x.com/Austen Kelly Claude https://x.com/kellyclaudeai --- Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures

Austen Allred

CEO and Co-Founder

Lambda SchoolBloom Institute of Technology

Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) are joined by Austen Allred (@Austen) on the pod today. Austen is the founder of Lambda School (@LambdaSchool). In today’s episode you’ll hear: Austen gives background on Lambda School and explains the challenges and opportunities in the education space (1:05) Shaan asks Austen to explain his rise from sleeping in a car in San Francisco to running Lambda School (14:00), Austen talks about how his Mormon mission prepared him for a life in business (20:28), Austen breaks down how colleges make money off of application fees (28:35), The guys talk about the big business of college entrance exams (36:35) Austen pitches his idea of increasing productivity at companies by reducing the slack from employees (47:20), the guys discuss the pros and cons of employee tracking software in the age of COVID and mass remote work (50:33), Shaan asks Austen to predict ways different “Lambda School’s for X” are going to grow into the future (58:00). Thank you to our sponsor Square! Square makes it easy for your business to accept payment, and so much more! Check out this week's sponsor at square.com/go/hustle! Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion.  See acast.com/privacy for privacy and opt-out information.

Austen Allred

CEO and Co-Founder

Lambda SchoolBloom Institute of Technology

Austen Allred is the Founder & CEO @ Lambda School, the startup that remotely trains people to become a web developer or data scientist and the students pay no tuition until they are hired. Just last month, Lambda's $74M Series C was announced led by Gigafund bringing their total funding to date to over $129M with prior investors including Stripe, Bedrock, GV, Gigafund and GGV to name a few. Prior to founding Lambda, Austen was Senior Manager for Growth @ LendUp and before that co-founded Grasswire. In Today's Episode You Will Learn: 1.) How Austen made his way into startups having slept in a Honda Civic and how he went from homeless to rockstar founder @ Lambda? 2.) How does Austen evaluate his own attitude to risk? How does Austen think about downside protection today? How has this changed over time? How does Austen feel about founders taking secondaries? How does Austen think about his own relationship to money? 3.) Having raised his Series C last month, why did Austen choose the investors he did? How did the round progress? What made Gigafund different to alternate options? What makes the best board members in Austen's mind? What makes the worst? 4.) What have been the most challenging elements for Austen of scaling the team? How does complexity change with time in team scaling? Why did Austen bring in a COO? What did he look for in the role? How does Austen advise others on bringing in a COO? 5.) Why does Austen believe that post-COVID we will never go back to the valley as we knew it? Why does Austen believe the valley represents the biggest potential squandering of wealth in history? How does Austen evaluate the government intervention we have seen? As always you can follow Harry and The Twenty Minute VC on Twitter here! Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.

Austen Allred

CEO and Co-Founder

Lambda SchoolBloom Institute of Technology

0:54 Want to see what it's like to be an Angel Investor in Jason's Syndicate? DM @thesyndicate415 to read Jason's last 3 deal memos 1:37 Jason intros Austen Allred & gets his side of the recent Lambda School controversy 6:22 Jason intros Katherine Boyle & gets her take on how she would have advised Austen on PR 7:58 Explaining Lambda School in simple terms 13:10 Setting up Lambda School as a counter to predatory loans 14:31 Jason explains late-stage journalism, Austen describes his board's response 16:20 Techlash, issues with journalism today, how Balaji-coronavirus story sparked response 24:52 Fixing journalism 28:00 New Twitter investors Elliot Management want Jack out as CEO, is Twitter broken? 30:00 Misconceptions of Lambda School rolling up ISAs, how privatizing education in SV causes techlash 40:33 Katherine explains her investments in the defense space 46:00 DoorDash files for IPO, did they miss their window? 47:30 Analyzing coronavirus, wet markets, the "Wuhan shake" 58:51 Robinhood outage as Dow jumps 1000 points 1:01:03 What does Katherine invest in? 1:04:41 Jason introduces his new soundboard

Austen Allred

CEO and Co-Founder

Lambda SchoolBloom Institute of Technology

Katherine Boyle

General Partner

Andreessen HorowitzGeneral Catalyst

A bold proposal: You go to college for free, then pay back the school after graduation—but only if you get a job in your field of study and make a high enough salary to afford it. It's called an income share agreement, and Austen Allred, the CEO and cofounder of Lambda School, thinks it's the future of education. Student debt currently stands at more than 1.5 trillion dollars, which makes it the second-highest consumer debt category behind mortgage debt. The crisis has saddled much of a generation, with far reaching effects. Income share agreements, or ISAs, have been put forth as an alternative to the current system. Put simply, an ISA is an agreement between a school and a student for the student to pay a defined percentage of income to the school, for a particular period of time, up to a certain cap. It's a seemingly simple conceit with complex design considerations, and it's spurring debate across media and politics. In this episode, Lambda School CEO Austen Allred, a16z general partner D'Arcy Coolican, and a16z editorial partner Lauren Murrow delve into the greater implications ISAs may have for education and the economy. The discussion covers both the promise and the challenges of ISAs—why they've been relatively slow to gain traction, why they've failed in the past, and why some in the political sphere are still skeptical. Stay Updated: Find a16z on YouTube: YouTube Find a16z on X Find a16z on LinkedIn Listen to the a16z Show on Spotify Listen to the a16z Show on Apple Podcasts Follow our host: https://twitter.com/eriktorenberg Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Austen Allred

CEO and Co-Founder

Lambda SchoolBloom Institute of Technology

On this episode, Abadesi talks to Austen Allred, co-founder and CEO of Lambda School. Lambda School is a pioneer in the income-sharing agreement (ISA) space. They offer live online courses in software development, data science and design that are free until you get a job, at which point you re-pay a capped portion of your income to Lambda School. In this episode we talk about: Austen's adventures abroad prior to starting Lambda School, including what he learned through his travels as a missionary in Ukraine, and the time he booked a one-way ticket to Shanghai on a whim. The challenges inherent in the inflexibility of education and how Lambda School is hoping to change the traditional model of how people train for and find careers. Austen's leadership style at Lambda, why he took venture capital even though he had earlier said he would never do so, and how they work as a distributed team. We also talk about some of the tools that Austen and the team at Lambda School use to stay productive. We’ll be back next week so be sure to subscribe on Apple Podcasts, Google Podcasts, Spotify, Breaker, Overcast, or wherever you listen to your favorite podcasts. Also, big thanks to AngelList, FreshBooks and Bubble for their support. 😸 Quotes from This Episode “Not much can influence somebody’s life and their outlook so much as their income. It’s crazy to me that there’s not a way of rapidly shifting people to where they should be in the economy.” — Austen “I crave that steep learning curve and the adventure of being extremely uncomfortable. You underestimate just how difficult day-to-day life can be when you’re trying to learn a second language.” — Austen “The problem that you want to solve is a problem that’s been around for a long time, it’s something that’s fundamental to humans — it’s not a side problem.” — Austen Companies and Products Mentioned in This Episode AirPods — Wireless headphones from Apple. Amazon Echo — Smart speaker you control with your voice. Notion — The all-in-one workspace. Pocket — Save and read news, articles and videos that fuel your mind. Slack — Messaging for teams. Superhuman — The fastest email experience ever made.

Austen Allred

CEO and Co-Founder

Lambda SchoolBloom Institute of Technology

Austen Allred is the Founder & CEO @ Lambda School, a 9 month, immersive program that gives you the tools and training you need to launch your new career—from the comfort of your own home. As a Lambda student, you pay nothing until you're earning $50k or more. And if you don't, it's free. To date, Austen has raised over $48m with Lambda from a personal favourite of mine Bedrock, GGV, GV, Stripe and Ashton Kutcher just to name a few. Prior to founding Lambda, Austen was Senior Manager for Growth @ LendUp and before that co-founded Grasswire. In Today's Episode You Will Learn: 1.) How Austen made his way from being broke, sleeping in a car to founding one of Silicon Valley's hottest startups in the form of Lambda School? 2.) Austen lived in his car for many months in Palo Alto, what did Austen come to learn about himself from that experience? Before Austen has said, "it is not about money", so how would Austen describe his personal relationship to money? Consequently, what does this mean for Austen's relationship to risk? 3.) Austen previously stated he was "determined to never raise VC again before Lambda School". 2 years and $47m later, what changed in his attitude to raising VC? How mus every founder examine their business model before raising VC? What is the one question they must ask pre-raise? 4.) Austen recently raised a $30m Series B round, how did that round come about? What is Austen's biggest advice when it comes to investor selection? How does Austen think about when is the right time to raise big? How does that impact and affect operating mentality? What was it about Geoff Lewis that made Austen take his offer over others? 5.) Question from Geoff @ Bedrock: How does Austen iterate on all aspects of the business so fast? Why does Austen believe that the speed and quality of decisions are not mutually exclusive? Why does Austen believe the faster you ship, the higher quality they will be? How does Austen determine which experiments to stick with vs drop? Items Mentioned In Today's Show: Austen's Fave Book: Les Miserables, The Wright Brothers As always you can follow Harry, The Twenty Minute VC and Austen on Twitter here! Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.

Austen Allred

CEO and Co-Founder

Lambda SchoolBloom Institute of Technology

Austen Allred (@austenallred) was in debt after watching his company implode. Learn how he used his entrepreneurial experience to turn things around, and then went on to create Lambda School — a successful business that changes people's lives for the better. He dives into the details behind how to align your business' success with your customers' happiness, how to decide whether or not to raise money, the future of education, and the lessons he's learned from Charlie Munger and Jeff Bezos. Transcript, speaker information, and more: https://www.indiehackers.com/podcast/046-austen-allred-of-lambda-school

Austen Allred

CEO and Co-Founder

Lambda SchoolBloom Institute of Technology