Lambda School raises $30M in quest to tackle student debt

axios.com

Congratulations on the round Austen and team!

One thing I have always thought about when it comes to incentives in this model is that you have an incentive to only take in students that are likely to finish the degree and get a high paying job. This could lead to pattern matching people from backgrounds that are likely to do well due to demographics. How do you think about this and do you have any systems in place for minorities?

Nobody wants to buy a percentage of the lifetime earnings of a barista, and Engineers are smart enough to do the numbers and realize what an awful deal that would be.

What if you take a barista, buy a percentage of his or her income for two years, and use that to make the barista an engineer?

My experience is that it takes several thousand hours to make an engineer, so it has to be more than a bootcamp in order to work, but in theory, sure, I see the angle.

Yes, Lambda School is 8 months long full-time, approaching 2,000 hours of work to graduate.

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