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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)
Agree. I wrote a similar thing after reading Caplan’s case against education.https://twitter.com/mattsclancy/status/1097892202204852224?s=21 …
