If you’re keeping up with the latest news in the world of tech, you’ve likely heard that not just one, but two large coding bootcamps have announced they’ll be shutting down. Since these announcements were made, many people have offered their thoughts, and we’d like to share our perspective as well.

The two bootcamps closing down are The Iron Yard and Dev Bootcamp (one of the pioneers of this kind of education). If you read their official statements, you’ll see that they’re both essentially struggling with the same core issue: profitability. Dev Bootcamp has said they “cannot reach a sustainable business model,” and while the Iron Yard simply references the “current environment” as their reason, it seems to speak to increased competition in the space.

First of all, we want to acknowledge that both The Iron Yard and Dev Bootcamp were groundbreaking institutions in the tech bootcamp scene and have done a terrific job in helping create the industry and launch the careers of scores of their students. You can read dozens of online comments shared by former students mentioning how helpful and formative their bootcamp experience was.

What Happened?

We’d like to be clear that these surprising announcements should not be viewed as an indictment of the industry as a whole. It’s easy to see two large organizations shutting down in the same month and assume, “Well, maybe there’s something inherently unworkable with the whole business model,” but we don’t think that’s the case.

Both Dev Bootcamp and The Iron Yard had taken on substantial funding, which comes with significant pressure to grow and, in particular, to return profits to their investors. This funding helped them both stay in business and expand with locations spread across the country, but as another bootcamp founder stated in a recent blog post: “Education is a difficult thing to scale. It’s complex.” We agree wholeheartedly. The Iron Yard has fifteen campuses across the USA, and DevBootcamp has six. At CodeCraft School of Technology, we have just one campus, in Boulder, Colorado, and that’s by design.

We’ve intentionally not sought outside funding. We don’t have any outside investment money and have essentially bootstrapped our way since we started over two years ago. We don’t have the fanciest campus, and we’re not trying to sponsor every event in the local tech scene. We’re careful to pick and choose what we can and can’t do. Right now, we’re entirely focused on fulfilling our core mission – which is to offer the highest quality training to students that empowers them to start a new career or enhance the one they already have – without worrying about rapid growth or expansion.

Bootcamps Still Working For Graduates

Almost 23,000 students will go through bootcamps in 2017.

Even though it’s early for the bootcamp industry, there are still a lot of great things happening. Course Report recently released its annual report that found the coding school market has grown 10.5x since 2013. In the report, they also estimate that almost 23,000 students will go through bootcamps in 2017. The industry is healthy, and the outlook is bright, but it is only in its adolescence. The growth will continue as more and more consumers, and employers see the value of the bootcamp education model.

Employers Are Hiring Bootcamp Graduates

At CodeCraft, we continue to have more and more employers approach us to learn about our students than ever before. Every day, people in our society incorporate more technology into our lives. As a result, the demand for qualified developers and UX designers continues to grow.

“72% of employers think bootcamp grads are “just as prepared” to be high performers as degree holders.”

Meanwhile employers are becoming increasingly confident in bootcamp graduates. According to a recent study by Indeed, 72% of employers think bootcamp grads are “just as prepared” to be high performers as degree holders.

Technology is moving faster than ever, and bootcamps are uniquely positioned to respond to the frequent changes in demand for certain technologies. At CodeCraft, we get frequent feedback from potential employers on what the latest and most important skills are in the job market. With this data, we’re able to modify our curriculum as needed to stay up to date. This flexibility to adapt quickly is the core difference between a bootcamp and a more traditional tech education.

The modern-day employer sees the value in diversity in both experience and background that many bootcamp grads bring. Bootcamp students are quite diverse, they’ve got a wide variety of life experiences, and they’re hungry. The industry is craving that kind of honed talent and diversity of thought, and the talent gap still exists and the void far from being filled. Many corporations are actively seeking out bootcamps and their grads for these reasons.

At CodeCraft, Class Is Still In Session

We’d like to welcome anyone who was considering either the Iron Yard or Dev Bootcamp to take a look at what CodeCraft has to offer. We offer a JavaScript-based Full Stack Web Development bootcamp (both full-time and part-time) as well as a part-time UX Design program, which is great for people who are looking for a high-growth career in the tech world but don’t want to be a developer (watch a video with more info here).

At CodeCraft, we’re deeply committed to this type of education and to the success of our students. We keep our class sizes small and have world-class instructors who have a passion for sharing their knowledge. But you don’t have to take it from us. We encourage you to check out our reviews at Course Report and Switchup.

CodeCraft School of Technology was born out of another organization we founded over 13 years ago called Boulder Digital Arts (BDA). As such, we’re intimately familiar with the educational space, and we’ve spent more than a dozen years finely honing the right model for bringing hands-on classes to the public in cutting-edge technologies, offering literally hundreds of classes each year. In fact, all enrolled CodeCraft students can attend BDA classes for no additional cost. This enables our students to skill-up in adjacent tools and supplemental technologies during their bootcamp, in topics ranging from typography to search engine optimization, so that they are even more attractive to potential employers.

And it’s hard to beat Boulder as a place to start a career in tech! Not only is it one of the most beautiful cities in America, but is also a “thriving hotspot for tech innovation,” and is part of the larger Boulder-Denver area with jobs aplenty and quick access to outside recreational activities from skiing to mountain biking.

Finally, if you’re not from Colorado, we have you covered! We have arranged affordable housing for our students, located a short distance from our campus. We even have a bike for you to use!

We look forward to continuing serving the Colorado community and the tech industry in general, by educating, training, and mentoring folks who want to either start a career or change careers, and then helping place them in jobs that are fun and offer opportunities for growth.