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Reading history about the founder, I think he had his eyes set on massive growth from the outset over the actual experience.

He got starry-eyed working in growth at LendUp and wanted to build his own rocket ship. I don't think he ever put the students above running a trendy fast-growing startup.

It would take years for the first cohort of students to be able to pay back the cost of running the business, so this is exactly the sort of thing you really do need venture financing for

Without VC money Lambda would have had at best 10 students and you wouldn't have heard of it.

There are real beefs Lambda will have to sort out on how it runs things, but running with VC money isn't one of them. Also, weird to have that opinion in HN, made by an incubator that sells startups to VCs.

Yep, exactly. This is Kaplan 2.0.