I've been accepted into a programming apprenticeship in San Francisco. The institution is called Dev Bootcamp (as in web DEVeloper). It's an intensive 3-month program (Oct 1 - Dec 7, 2012) where the world's best and most renowned programmers gather 40 students and teach them to become strong programmers--five days a week, nine hours a day. They're doing this because there's a shortage of developers that can code in Ruby on Rails. After graduation, they help their students get software engineering jobs at many of the 200+ startups scattered throughout the bay. After many interviews, and a lot of waiting and wondering, they emailed me four mornings ago and said, "We loved meeting you. You're in." I have a fast-approaching deadline to generate $20,000 for tuition, room, and board. So this has been the next phase of my project: raising the funds. I'm ineligible for a school loan, because, technically, Dev Bootcamp is a company, not a .edu institution. I'm also ineligible for a private loan because I'm 23 and I have no assets for collateral.
So I've turned to raising the cash from friends and acquaintances. Parents aren't in the picture. To date, I've raised $5000, which is super, but I'm not even half way there. Here's my proposition to you: invest in me and I'll give you a 10% return within six months of graduating. How am I so sure I can repay you? I'm glad you asked. There are three entities involved here: the student, the school, and the startup. Every student that Dev Bootcamp trains and forwards to a startup, the startup turns around and pays Dev Bootcamp (Dbc) $20,000 as a "thank you." Think of it as a recruiter fee. Dbc pockets $15k and hands over the remaining $5k to the student, as a way of saying, "Congrats, lad. Now run along." Now the student has $5k in cash and a new career. Not bad for three months' work. The student merely needs to promise to stay at that job for 6 months.
Now the fun begins. TechCrunch (world famous tech & startup blog) reported, just this past May, that 88% of Dbc's graduates secure jobs at salaries averaging $79,000/year. This means that unless I'm in the bottom 12% of their graduates, I'm moving onto a career that puts me in the position to repay my investors.
Here is that article: http://techcrunch.com/2012/05/10/dev-boot-camp-is-a-ruby-success/
Also, here's the FAQ section for Dev Bootcamp: http://devbootcamp.com/faq
Before finalizing the investment, please get in touch with me here: email@example.com.
There's one quick matter to discuss beforehand, which will help us both.