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> From the comments here it appears its a specific class of school. From their site it just looks like a regular online learning company. It is not a class of

by chx 7y ago

> From the comments here it appears its a specific class of school. From their site it just looks like a regular online learning company. It is not a class of school, it is indeed a company. A scam/cult masquerading as a startup. It's hyped, it's batshit insane. A thread from yesterday https://twitter.com/KeziyahL/status/1155154616281178114 https://twitter.com/KeziyahL/status/1155154616281178114 but of course there is more. To me, it was obvious there is something wrong because PaulG often raved about it and nothing good comes out of that. You can't growth hack education. Humans don't work like that. I started a (very small, very unprofitable) school in a far away country and also happen to have a teacher's degree and oh boy. As for scam, just look at their website. > "Pay $0 tuition until you land a high-paying job Lambda covers your tuition costs until you're making at least $50,000 a year. " How is $50 000 a high paying job? According to the SSA, the average wage in 2017 was $48,251.57. Also, the 17% is calculated from before tax but paid after tax. So if you earn 50K, take home 40K then Lambda doesn't take 6800, no they will take 8500. > "You can choose to pay $20k upfront for Lambda tuition ... You'll never pay more than $30k ..." Wait, you are charging 50% interest? Possibly over two years?

austenallred 7y ago
> To me, it was obvious there is something wrong because PaulG often raved about it and nothing good comes out of that. Just pointing out how funny it is for someone to say that nothing good comes from PG... on HackerNews
- pgcj_poster 7y ago
  If we take "good" to mean, "the opposite of evil," it would most definitely not describe HackerNews.
sigstoat 7y ago
> > "You can choose to pay $20k upfront for Lambda tuition ... You'll never pay more than $30k ..." > Wait, you are charging 50% interest? Possibly over two years? that's not how interest works. on a variety of levels. for starters, "50% over two years" would be 22% annualized, which is the only way anyone talks about interest. admittedly, that would be a high interest rate. except it isn't interest. what you pay is a function of how much you earn. try borrowing money from the bank for 6%, and see if they'll let you just stop paying if you don't make any money. > I started a (very small, very unprofitable) school in a far away country and also happen to have a teacher's degree what were you teaching that didn't require simple arithmetic, or reading comprehension?
CPLX 7y ago
I am very open to the idea that Lambda school sucks, or is overhyped. Many SV things are. However, literally nothing in that linked twitter thread, or the one it in turn links to, do a single thing to demonstrate that at all. The people who posted both have no first hand experience at all and there's no data or details or facts to support their arguments. It’s just someone reading the website and posting reaction gifs.

by chx 7y ago

austenallred 7y ago

> To me, it was obvious there is something wrong because PaulG often raved about it and nothing good comes out of that. Just pointing out how funny it is for someone to say that nothing good comes from PG... on HackerNews

pgcj_poster 7y ago
If we take "good" to mean, "the opposite of evil," it would most definitely not describe HackerNews.

sigstoat 7y ago

> > "You can choose to pay $20k upfront for Lambda tuition ... You'll never pay more than $30k ..." > Wait, you are charging 50% interest? Possibly over two years? that's not how interest works. on a variety of levels. for starters, "50% over two years" would be 22% annualized, which is the only way anyone talks about interest. admittedly, that would be a high interest rate. except it isn't interest. what you pay is a function of how much you earn. try borrowing money from the bank for 6%, and see if they'll let you just stop paying if you don't make any money. > I started a (very small, very unprofitable) school in a far away country and also happen to have a teacher's degree what were you teaching that didn't require simple arithmetic, or reading comprehension?

CPLX 7y ago

I am very open to the idea that Lambda school sucks, or is overhyped. Many SV things are. However, literally nothing in that linked twitter thread, or the one it in turn links to, do a single thing to demonstrate that at all. The people who posted both have no first hand experience at all and there's no data or details or facts to support their arguments. It’s just someone reading the website and posting reaction gifs.