Sounds like they are changing their target companies to send their students to from startups to existing incumbents. I'm sure all those old 1990's software companies would love to recruit junior programmers but otherwise find it difficult. And it's probably not a bad way for non-programmers to get a decent first programming job.
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Back in 2010 I quit my banking job and took all of the undergrad computer science courses at a state college. This was still at the bottom of the recession, before all these coding bootcamps got started. I learned a ton and taught myself python/django on the side. Then I built a saas product and have been doing that full time ever since. I'm not a great programmer, but I'm good enough to work with developers I now hire. Back when I did this everyone thought I was crazy and most finance people still thought programming was lame. Now that seems to have totally switched and everyone wants to be a programmer. It's a bit surreal looking back, but if I could do it again I'd probably consider one of the programming bootcamps. Of course now you're probably better off doing the uncool thing, like becoming a banker.
There is no myth. I'm not sure why anyone would think starting a company would be passive for very long. Even if you're successful and generate revenue, hire employees, and take market share, someone still has to provide leadership. And even if you manage to become some sort of absentee shareholder and the company is run by others, you still will be worried all the time about the golden goose turning to crap.
The reason why these complex products win isn't because of their design, but instead because they have moats around their business. Craigslist has network effects and photoshop is an industry standard product. The author is confusing economics with design. The underlying economics are what make these products durable, not their complex design.
I've noticed lawyers are good at this. They have a mastery of deductive logic and ask you to agree with what appear to be obvious statements. Then from those obvious statements they deduce an airtight conclusion. It's a brilliant move.
The odds of a smart middle class entrepreneur making a successful business are actually way better than making it to the NBA or NFL. To say these are equal odds is misleading.
I'd be interested in this. How was the deal structured? What did your due diligence phase look like? What sort of multiple of revenue range is this in?
The fact that he first dismisses coding bootcamps and then concludes by describing what sounds like a bootcamp as the solution, makes his entire argument hard to take seriously.
This is the rational choice in isolation. But collectively there is a better solution. The problem is that there's always the (rational) incentive to defect from the coordinated outcome, because as you point out, it's better for you...if you're the only one who defects.