101–110 of 384 posts
pg in 2019: > Lambda School will go on growing and transform education. Few will remember having been part of the jeering mob. https://twitter.com/search?q=from%3Apaulg%20lambda&src=typed...
I attended Lambda when it was first starting out. I think I was in the third or fourth cohort. At the time, the sell was that you didn't have to pay anything unless you got a job using the skills you learned from them. I was pretty naïve, I guess. Things seemed fine in the beginning. The instructors were good, and I liked that there were actual live classes. Things degraded very quickly. They kept changing the format…
Am I crazy, or do fines never come close to matching damages? Or jailtime? I'm constantly seeing rulings or indictments where an article says "defendant faces $1500 in fines or two years jail time", as if those are in any way equivalent. Were all the fine quantities written up in 1875 and just never got updated? In this case, defendants are accused of conning "at least 11,000 income share loans" "carrying an average…
Generally, yes fines are a fraction of damages; fines are meant to deter, and are paid to a regulator not the damaged party. Payout from a lawsuit is meant to capture damages, and pay to the damaged party directly. In this case, the 'stick' is that CFPB is preventing the company from issuing new loans, de facto forcing them to cease operation. (Or I guess charge regular tuition, like a normal school?) That's a pretty…
Am I crazy, or do fines never come close to matching damages? Or jailtime? I'm constantly seeing rulings or indictments where an article says "defendant faces $1500 in fines or two years jail time", as if those are in any way equivalent. Were all the fine quantities written up in 1875 and just never got updated? In this case, defendants are accused of conning "at least 11,000 income share loans" "carrying an average…
Generally, yes fines are a fraction of damages; fines are meant to deter, and are paid to a regulator not the damaged party. Payout from a lawsuit is meant to capture damages, and pay to the damaged party directly. In this case, the 'stick' is that CFPB is preventing the company from issuing new loans, de facto forcing them to cease operation. (Or I guess charge regular tuition, like a normal school?) That's a pretty…
And to make matters even more depressing the CEO just tweeted [1] that it's no biggie for him:
> BloomTech continues to focus on its core mission: improving the lives of students and enabling them to fulfill their economic potential. While it’s been frustrating, we’re glad to put this behind us.
[0] https://www.theverge.com/2024/4/17/24133577/lambda-school-bl...
pg in 2019: > Lambda School will go on growing and transform education. Few will remember having been part of the jeering mob. https://twitter.com/search?q=from%3Apaulg%20lambda&src=typed...
In January 2020, as news broke about Lambda School's scummy behavior, Graham gave Austen a pep talk which he later expanded into the essay, "Haters." It has aged like a fine milk. https://paulgraham.com/fh.html
A master of deception with statistics!
pg in 2019: > Lambda School will go on growing and transform education. Few will remember having been part of the jeering mob. https://twitter.com/search?q=from%3Apaulg%20lambda&src=typed...
VCs would improve their public image if they took the occasional L.
Honestly, there’s nothing really that screams dishonesty than this tweet. Saying that your outcomes are stronger than ever when every tech company was laying off and headcount was frozen just doesn’t pass the smell test.
Earlier quoted context omitted.
> I attended Launch School and found the founder and the program to be of high quality and integrity and the success of the capstone graduates speaks for itself.
Is this a quote from somewhere? (Or maybe just an errant > symbol?) Just wondering if it's your own experience or I missed something