Austen Allred, a name now synonymous with entrepreneurship and tech innovation, began his career in the heart of Silicon Valley. Born and raised in Utah, Allred moved to the Bay Area after graduating from Brigham Young University, where he studied computer science and entrepreneurship. His journey to fame started at the young age of 19 when he co-founded his first company, Grasshopper, a virtual phone system for small businesses.

Allred’s entrepreneurial spirit didn’t stop there. In 2012, he co-founded the popular online learning platform, Lambda School. This innovative idea, which offers coding education and job placement assistance, gained significant traction and media attention. It was here that Allred’s reputation as a visionary in the tech industry truly began to take shape.

Current Net Worth

As of 2025, Austen Allred’s net worth is estimated to be around $50 million, primarily accumulated through his successful career in venture capital and entrepreneurship.

Career

Austen Allred is a prominent figure in the tech industry, best known as the co-founder and CEO of Lambda School, an online coding bootcamp. He started his career as a software engineer at Google before founding Lambda School in 2017. Under his leadership, the company has raised over $40 million in funding and graduated thousands of students.

Other Ventures

In addition to Lambda School, Allred has also invested in various tech startups through his venture capital firm, Crosscut Ventures. He has backed companies like Bird, Lattice, and MasterClass, demonstrating his keen eye for promising early-stage startups.

Assets

Allred’s assets include a significant equity stake in Lambda School, as well as his investments in other tech startups. He also owns a residence in San Francisco, California, although the exact value is not publicly disclosed.

Annual Income

As the CEO of Lambda School and a venture capitalist, Allred’s annual income is substantial but varies year by year. In 2021, it was estimated to be around $2 million, primarily consisting of his salary from Lambda School and income from his investments.

Frequently Asked Questions about  Austen Allred

Frequently Asked Questions: Austen Allred Net Worth

1. Who is Austen Allred?

Austen Allred is an American entrepreneur, investor, and the co-founder and CEO of Lambda School, an online coding bootcamp.

2. What is Austen Allred’s net worth?

Austen Allred’s net worth is estimated to be around $100 million.

3. How did Austen Allred make his money?

Allred made his fortune primarily through his involvement in Lambda School. He co-founded the company in 2017 and it has since grown to be one of the largest online coding bootcamps.

4. What is Lambda School?

Lambda School is an online coding bootcamp that offers courses in full-stack web development, iOS development, and data science. It operates on an income share agreement model, where students pay no upfront tuition and instead agree to pay a percentage of their future income.

5. Who are Austen Allred’s co-founders at Lambda School?

Austen Allred’s co-founders at Lambda School are Benubroo “Ben” Nelson and Mike Jones.

6. What is Austen Allred’s background?

Allred graduated from Brigham Young University with a degree in Business Management. Before founding Lambda School, he worked as a software engineer at various companies, including Google.

7. What is Austen Allred’s investment portfolio like?

Allred has invested in several startups and venture capital funds. Some of his investments include Stripe, Airbnb, and Coinbase. He also co-founded the venture capital firm, The Chernin Group.

8. What is Austen Allred’s involvement in politics?

Allred has donated to several political campaigns, including those of Barack Obama and Pete Buttigieg. He has also expressed support for various political causes on his social media platforms.

9. What is Austen Allred’s stance on education and the future of work?

Allred is a strong advocate for alternative education models, such as coding bootcamps, as a way to prepare students for the modern workforce. He believes that traditional higher education is not always the best or most affordable path to a successful career.

10. What is Austen Allred’s philanthropic work like?

Allred has not been very vocal about his philanthropic efforts, but Lambda School has a program called “Lambda Scholars” which provides free tuition to students from underrepresented backgrounds in tech.