Teaching people how to code could be a catalyst for the economy, said Zach Sims, co-founder and CEO of Codecademy, the online-start-up aimed at teaching people how to program for free.

"We're building the basic steps of competency to help people start their own companies, get entry level jobs right now," Sims said on CNBC's Squawk on the Street. "I think what they see is what we are building is part of the future of education. Kind of a new, online, native experience for education where people can learn skills to help them find jobs."