Lambda School looks like a charity from the outside, but we’re really more like a hedge fund. We bet that smart, hardworking people are fundamentally undervalued, and we can apply some cash and leverage to fix that, taking a cut.
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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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Replying to @Austen @AustenAllred
fwiw, I worked at Bain & Co, and that is 100% a human capital arbitrage play
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Replying to @Austen @AustenAllred
market opp is undervaluing / lack of commiserate opportunity for top level 22-28(ish) talent. mgmt consulting firms let those people do 98% of compelling work, package it with a savvy, resumed 40/50-something, and charge a monster markup. that said, done well, a win-win-win.
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Replying to @birsic @AustenAllred
The best phrase I ever heard about management consulting: without loss of generality Kellogg’s can’t employ 130 IQ 22 year olds on boring logistics so McKinsey outsources validation to Harvard then charges Kellogg’s $300 an hour and pays employee a third.
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Kellogg’s gets out of this “We don’t have to entirely break our career ladder or pay scale in middle America but we do get a SQL/Excel workhorse that we would have great difficulty hiring otherwise.”
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