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Life cycle of an educational institution: 1. initial pitch: we teach real skills 2. gain brand by teaching real skills 3. people start attending because of brand 4. teaching "real skills" gets decoupled from success 5. become a university (this will happen to Lambda)
3.5) real skills, social capital, drinking, secret societies, absurd rivalries, football games with jet flyovers. the sweet spot
why does your every fantasy involve jet flyovers
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