Lots of fuzz flying at @LambdaSchool. So here's a little insight on Lambda, aligning incentives, student loans/debt, ISA's, widening participation & access to education.
@AustenAllred in much like @elonmusk did for the electric vehicle, has vastly improved the model of tech ed.
@AustenAllred in much like @elonmusk did for the electric vehicle, has vastly improved the model of tech ed.
1. @LambdaSchool have a single focus. They want to build the world's leading vocational school. They did not invent coding bootcamps, online CS education, Income Share Agreements (ISA) or career coaching/mentoring.
They execute 10x better than most. Evolution not Revolution.
They execute 10x better than most. Evolution not Revolution.
2. "Taxes, duh." Is a spectacularly naive response being trolled by very bright people, so perhaps we should just leave this one without any further response.
3. UK/Australian Higher Education funding programmes are excellent examples of ISA style programmes in play, at scale. They're the liquidity underpinning #HigherEd ecosystem. Far from perfect, they enable those that come after to learn from their mistakes, innovate & improve.
4. Skin in the game. At its most basic level we all deep down behave very differently when we get paid to do a job based on an outcome. Wash the car & earn $5 per car. We teach our kids these values. We don't say here, have your pocket money, and hopefully it will rain tomorrow.
As such @LambdaSchool (& similar schools/universities running ISA programmes) aren't out there saying Universities are awful - aren't we clever - what they are saying is we don't get paid until our students succeed. Incentives aligned. Simple.
5. Finally, no school is beyond critique. Students want choice & access to the best education. They want fairness. They want transparency. They want to feel their school/university is in it with them for the long haul. They want great outcomes & happy to share the upside. ✊
Footnote. @LambdaSchool school is not a one-man army. They have a fabulous team led by @sunjieming with @TrevMcKendrick @KarenDZachary - when you add to that backers such as @paulg @justGLew @GVteam you have a potent combination that will shift the game.
