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
Selective universities (to the extent they are willing to let in students that the market misprinted in absence of IQ tests), management consulting, maaaaybe graduate school (if you allow “pay in non-monetary ways”), and certain flavors of finance all feel like arbitrage to me.
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Replying to @patio11 @AustenAllred
Also YC, all but explicitly.
7:48 PM - 27 Oct 2018
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