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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)
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wrote a thing about "sell-out" culture that says similar things. Pontificating the long arc of supposed future institutions is fun great mental exercise. Point is how to maximize temporary value creation.
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