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Running Lambda School is kind of like running four companies at once when all of them have the potential to be zero multipliers. If any of them fail the whole operation goes to 0. But when they all work...
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100+ people started code schools, but their market is limited to people who will pay $10k+ and hope it works out The people who run code schools are generally opposite from the people who know how to think about and are willing to hold the risk But mostly it’s really damn hardhttps://twitter.com/AlexCartaz/status/1051722826510548992 …
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my understanding is that
@fullstack also had income sharing some years ago, but abandoned it because of NY regulations -
You're spot on, Zach. Thanks for the context. NY state (and likely other states' regulatory agencies) requires that all of an org's students pay the *same* tuition. The goal is to head off discrimination, but it does make it difficult to implement more accessible pricing
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Lamdaschool should start a curriculum on Graphic Design as well. I see a lot of amazing designers who have no formal degree in design.
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Hey
the uneducated teen mom who founded Hackbright here
Frankly it was because the people who _can_ think about risk properly have vulnerability themselves and without VC funding we were unable to afford that risk ourselves. -
Once we graduated a few classes and had social proof, we were able to start taking deferred tuition but only on a case by case basis.
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Thought it was smart because it was the first I saw that aligned incentives: you only get paid when you output skilled, hirable employees. Interesting from a scale and revenue perspective: why filter when you can create.
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