What does that mean? It seems like this should've been a profitable business - 3000 graduates @ $10k/piece = $30mm revenue.
This would enrage me.
DBC grad here (Chicago 2013). Mandatory morning yoga is not an inherent part of a generic coding bootcamp experience. DBC chose to make yoga classes part of its unique culture, but I doubt all other bootcamps follow suit.
Personally, I wasn't "enraged" by the yoga and I even appreciated the emphasis on mental health, but I don't think yoga was the only way to achieve this and I would have appreciated the chance to opt out.
EDIT: Or I can be more mean: why is it the only bootcamp that required morning yoga, the one that is closing?
We were up front about these things being part of our program because we want to focus on the human aspects of people as much as technical skills. That meant some people were better suited to join other places, but some people came specifically because of this part of it.
Kudos to them for making that kind of hard call rather than compromising on their values.
There also seem to be a number of other bootstrapped bootcamps running that are doing fine, so this is confusing.
Though the existence of what seems to be a number of other bootstrapped bootcamps working fine confuses me. Also, pretty sure dev bootcamp was bootstrapped - if they didn't put in outside capital, then either they were profitable from day one or they were running break even. I'd guess they were profitable.
Say 40 * $200,000 = $8mm/yr, plus rent. 450 students/yr ~= $6mm.
This back of the envelope would point to them being unprofitable.