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Codecademy gives up the Valley for the Alley

[preamble]You ask what is wrong with this economy. You ask why am I complaining i have no confidence in my government, You ask why I and almost every other small business person is angry and feels taken advantage of and let down, You ask why I am tired of working for my business, hiring employees, paying taxes, advertising, selling products and in general keeping this dead economy on life support. Banks won’t lend me money to expand, suppliers only want payment up front either cash or credit card, credit card companies rewarding my 20 + years of good service by charging me a fee and cutting my credit line to that of a welfare recipient.

Why you ask? Well myself and others of the OLD dead generation who believe that a good product and service at a reasonable price that generates a reasonable PROFIT and is successful because it has value that others realize and want hence PAY for. Yes my friends the age old business of COST-SELL=PROFIT without government assistance!

God forbid we discuss PROFIT – real hard profit not total sales or “maybes” or yea lot of hits but real cold hard profit after expenses that we use to purchase other items we need that keep others employed that keep the economy moving that keeps AMERICA ALIVE!

Well, here is what our wonderful politicians are spending our money on. FREE services to a company that cant possibly make a profit or be sustainable unless they keep getting FREE money from us. The city is broke, my business and neighborhood are under siege by the citys inspectors, ticket agents and ever increasing parkign meters (.25cents for 10 minutes) and a bridge toll thats now $15! YET we can give $500,000 tax credits to a company that has NO profitable product and can most probably never repay anyone. FREE is a 4 letter word. FREE is not good business. facebook, twitter and these companies are driving REAL businesses, the life blood of America, out of business by conditioning people that everything is and should be FREE.

Wait – this sounds familiar! Obama! Yes our president has started this dead end alley atmosphere. Entitlement and FREE – this is the Root Cause of it.
When this Folly Ends!{backtopost]

By

The company that teaches novices how to write software expands into spacious new headquarters in the Flatiron district, thanks in part to state tax breaks and New York roots.

Codecademy, an online service that teaches tech novices how to write software, is trading up its Silicon Valley digs for a new headquarters in Manhattan.

The company, which received a huge boost when Mayor Michael Bloomberg made a New Year’s resolution in 2012 to subscribe to the technology, is moving to a new headquarters in the heart of New York’s growing technology sector in the Flatiron district. The new space will allow Codecademy to grow its ranks too, with the firm hoping to add 70 new positions in the coming months.

“We were looking for a big enough space for us to grow into, and found something really awesome,” said Zach Sims, one of the company’s two co-founders. “It speaks to the continued growth of the company. And we will fortunately continue growing in the future as well.”

Codecademy is receiving help from Gov. Andrew Cuomo’s administration in the form of $500,000 in tax breaks through the state’s Excelsior Jobs Program, which will go toward helping the company with the renovation of 9,000 square feet of leased space near 27th Street. Empire State Development CEO Kenneth Adams said the firm’s decision to grow is a sign of New York’s growing dominance in the tech sector.

“Codecademy is a perfect example of the type of companies New York needs to be successful in the growing innovation economy,” Mr. Adams said in a statement. “It is vital to keep companies like Codecademy here, and we are excited to see them creating jobs and expanding in New York.”

Despite its California ZIP code, Codecademy has always retained its Big Apple roots. Mr. Sims started the company with his partner Ryan Bubinski in August 2011 when both were students at Columbia University. Last year, the company partnered with New York University’s Steinhardt School’s Department of Media, Culture, and Communication to offer a 10-week course to students who want to learn how to code.

“It’s a world of difference from when I first started working at tech companies in New York,” Mr. Sims said. “It’s changed for the better.”

Codecademy has secured over $12 million in capital funding in just the last two years, and it has been named one of TIME Magazine’s 50 Best Websites and won a Crunchie Award from TechCrunch as the “Best Education Startup.”

But sticking with the firm’s weekly sessions can be difficult: a writer for New York magazine penned a “public apology” to Codecademy last December after failing to meet the company’s “Code Year” challenge. And as for Mr. Bloomberg? His office would not respond to questions about whether the mayor has stuck with his resolution—or learned how to code.