Given the growing popularity of these agreements, I hope that we will see in India some legislation on MAXIMUM ISA percentages, contract lengths and mandatory payment limits. I think the few current ISA programs are acting in good faith, but others could not come forward with the popularity of this agreement in the future. Personally, I have not read the ISA requirements for all the Indian companies mentioned, so I would advise potential students to go through the agreement and if possible to talk to a lawyer to make sure they know exactly why they are signing up. I think bootcamp coding is very important to improve future software engineers in the country, but I`m still not convinced that they need an ISA model to work. This is because you will find a wide variety of questions that you must answer before signing up for an ISA if you dig deeper. These clauses that are in agreement are not your friends, they seem reasonable to start with, but as you graduate in your career, you will realize that you are giving an unfair part of your hard earned salary. No matter what shares, incentives or bonuses they have, you always pay the same percentage of your income for years to come. As it failed in public in the 1970s, there was a lot of scorched earth in the United States. It failed again in 2011, when some startups tried. The regulations were not clear either, but that is changing. But that`s exactly what — gears.
VCs are essential not only for the startup ecosystem, but also for the entire “Lets do it” culture. No one has done things like VCs to advance innovation and research. And they were rightly rewarded. The main problem with the current harvest of ISA startups is that it is difficult to exploit this model on a large scale. Current local programs have small lot sizes (<20) and the scale requires capital for infrastructure (classrooms, facilities) and staff (teachers, school administration) and maintaining a high quality of students who complete programs. If they are only aimed at startups, the number of jobs is very limited (TCS, Wipro – Infosys has a combined workforce of 800k, engineering in startups would be a small decrease in comparison). So if the ultimate goal is to create a profitable business of several hundred million dollars, I am not sure that those companies could do that, even if they had a total monopoly. With all the hype around bootcamp encoding in the United States and the lack of staff in the software engineering industry around the world, there has also been a rush of start-ups in India on the ISA model. Two of the most popular are the Masai School (supported by India Quotient) – Pesto Tech (supported by Matrix Partners). Masai School is a 24-week intensive course in Bangalore and has partnered with several leading Indian startups such as Flipkart, Ola, Swiggy and ShareChat.
In contrast, Pesto Tech is a 12-week course and has partnered with remote (or even remote) companies in the United States. InterviewBit – the online platform to help software engineers prepare for technical interviews, has also launched Scaler, a 6-month online program that “helps you work your dreams at no prior cost.” We are competing with them because students can get credits as opposed to income-participation agreements.