Ironyard software bootcamps all closing (Greenville: schools, university, campus)

[airwrench]

Looks like they are closing all of their campuses across the South. Anybody have any insight into why? They seemed to be one of the success stories staring from Greenville.

[Carolina Knight]

I wonder if The Iron Yard expanded too quickly and exhausted its resources.

[rwint]

Originally Posted by airwrench

Looks like they are closing all of their campuses across the South. Anybody have any insight into why? They seemed to be one of the success stories staring from Greenville.

From what someone told me, the VCs with the most ownership didn't think their growth (financially) was aggressive enough.

[bikeoid]

It's a complex situation, but basically related to the new ownership, as rwint says. For a pretty good article check out Why Are Coding Bootcamps Going Out of Business?

[airwrench]

Good article - I think that explains it. I didn't realize that the Iron yard was run by Phoenix university.

[Jswerve]

They were bought out and then tanked. Red flags went up awhile back when they closed a few locations.

I ALMOST left my job in Iowa and attended Greenville. Glad I didn't take the plunge now. Still looking into coding schools though to see if it fits me.

[Carolina Knight]

Originally Posted by rwint

From what someone told me, the VCs with the most ownership didn't think their growth (financially) was aggressive enough.

Opening a quantity of locations abruptly can increase expenses. If a gradual approach was taken to open each location gradually and allow them to be profitable, growth could be healthier.