Don't dismiss what non-LWers are trying to say just because they don't phrase it as a LWer would. "Didn't offer real accreditation" means that they 1) are skeptical about whether the the plan teaches useful skills (doing a Bayseian update on how likely that is, conditional on the fact that you are not accredited), or 2) they are skeptical that the plan actually has the success rate you claim (based on their belief that employers prefer accreditation, which ultimately boils down to Bayseianism as well).
Furthermore, it's hard to figure the probability that something is a scam. I can't think of any real-world situations where I would estimate (with reasonable error bars) that something has a 50% chance of being a scam. How would I be able to tell the difference between something with a 50% chance of being a scam and a 90% chance of being a scam?
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Moving to San Francisco has a lot of expenses other than housing expenses, including costs for movers, travel costs (and the costs of moving back if you fail), costs to stop and start utilities, storage costs to store your possessions for 9 weeks if you live in the office, and the excess everyday costs that come from living in an area where everything is expensive. It's also a significant disruption to your social life (which could itself decrease your chances of finding a job, and is a cost even if it doesn't.)
You make a good point. But none of the people I've discussed this with who didn't want to do App Academy cite those reasons.