We’ll make good money on all these insane success stories you read, and there’s no loser involved. Outside of venture capital no one has really ever tried to arbitrage human capital, even though it’s the most obviously mispriced asset class there has ever been.
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Charity? Lol -- There's a significant bunch of people who think its nothing but exploitation. And a classic case of the Principal-Agent problem. https://en.wikipedia.org/wiki/Principal%E2%80%93agent_problem …
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How is it a case of Principal-Agent problem?
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I get how it can look like it, but from my pov, Lambda's cap on what they earn from each student solves it.
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The argument that lambda would want their students to take the highest paying job over a better fit doesn't work anymore because of the cap. And I think that's the biggest Principal-Agent problem in this example
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To be fair, that argument definitely still works, just to a lesser extent. It's a $30k cap. Salary could be $50k-$88k/year. I'd imagine there's still a lot of salary variety in that range for entry-level software dev jobs.
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It doesn’t matter what job Lambda wants you to take, we don’t/can’t force you to take any job
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You don't force people to take any jobs, but the incentives are still there to make relationships with co's that offer higher starting salaries. To play devil's advocate, LS also is incentivized to help students find jobs where they'll have high job satisfaction.
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It’s also in the student’s best interest to take jobs where salaries are higher, generally speaking
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I like the analogy, but probably more accurate to say a "private equity fund" than a "hedge fund"; albeit, it's less pithy. :) But this is the exact description of a growth PE fund. They find undervalued companies and then help them grow at a faster rate. Both parties win.
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Got any short positions?
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That would be credit card companies :)
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ITT tech
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How is your minority enrollment, including Black Americans?
#BlackLivesMatter
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Very, very goood
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Hey, I have a 72 year old who wants to take your challenge. You think I should encourage him/her ?
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Sure! We’ll only accept as a student if they plan on working for 2+ yrs, but the challenge is open to everyone
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Have you met
@join_ef ? People join as *individuals* and leave in teams, often with extremely good shot at building foundational companiesThanks. Twitter will use this to make your timeline better. UndoUndo
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