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Lambda School fined $75k by CA for operating without state approval [pdf]

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181–190 of 364 posts

Re: Lambda School fined $75k by CA for operating without state approval [pdf]

#181

Earlier quoted context omitted.

The thing about running a startup is you have enough problems to solve you really don't want to create new ones.

It's the job of your attorney. It's possible all it takes is one strongly worded letter and they will settle.

May not be that simple. Attorneys understand the "send a threat letter and hopefully they will settle" model well. Also, their current attorney will probably charge just to send that letter.

Re: Lambda School fined $75k by CA for operating without state approval [pdf]

#182
post #178

Earlier quoted context omitted.

People who don't like the idea of capitalism in general tend to not be huge fans of Lambda School. But we only get paid $30k in the case where you get a software engineering job after Lambda School that pays $85k+. Everyone else pays less, and absolutely no one pays more than $30k. Our upfront tuition for the nine-month, full-time course is $20k if paid upfront.

This is distasteful coming from the founder of this institution.

I'm pretty sure he dug through my history before making that comment and is downvoting any comments that are negative.

Re: Lambda School fined $75k by CA for operating without state approval [pdf]

#183

It’s true. Our counsel informed us that we didn’t need to register. Counsel was wrong. Now we have new counsel :) We’ve submitted all the paperwork and have worked closely with California. This all happened a long time ago. I’m not sure what the right level of regulation is (it’s hard taking care of 50 states at once - one state registration was 2,277 pages and weighed 25 pounds https://twitter.com/austen/status/1153…

What about your experience suggests that regulation is reasonable?

Re: Lambda School fined $75k by CA for operating without state approval [pdf]

#185

Earlier quoted context omitted.

I used to work in compliance and the number of regulations that are punitive punishments for bad things that actually happened is just astounding. SOX compliance is arduous but it only exists (and is as strict as it is) because some banks decided to destroy the global economy just to make a bit of money and couldn't understand why this was a bad thing.

> for bad things that actually happened is just astounding. you are not kidding. "You mean we have to monitor for this because someone ACTUALLY tried doing that before...?"

Sure, bad things happen. But there's a trade-off between regulatory burden and economic vibrancy and adaptability. We all know that taxi regulations sort of existed because a lot of tourists would get taken advantage of. But then, the taxi companies and politicians exploited it to promote local monopolies and enforced it with limited edition, expensive taxi medallions that prevented people from starting up legitimate cab companies to compete with the incumbents.

That sort of thing happens all the time and that opportunity cost is not often talked about.

Re: Lambda School fined $75k by CA for operating without state approval [pdf]

#186

Earlier quoted context omitted.

When the government makes you waste a a day filling out paperwork to prove that your dog food doesn’t contain human remains, don’t blame the regulators. Blame the guy before you who made a buck by vertically integrating his cannery and his morgue.

I used to work in compliance and the number of regulations that are punitive punishments for bad things that actually happened is just astounding. SOX compliance is arduous but it only exists (and is as strict as it is) because some banks decided to destroy the global economy just to make a bit of money and couldn't understand why this was a bad thing.

SOX predates the GFC by a decade.

Re: Lambda School fined $75k by CA for operating without state approval [pdf]

#187
post #146

Earlier quoted context omitted.

The first draft they send highlighted grammar errors with a red pencil. After that I'm sure it's just stacking up somewhere. It's a waste for sure, but changing the system is a long process.

What I've learned is to always include a few token spelling and grammar errors in the first draft of anything so reviewers feel like they have done their job. /s

See https://en.wikipedia.org/wiki/Law_of_triviality

Re: Lambda School fined $75k by CA for operating without state approval [pdf]

#188

Earlier quoted context omitted.

>It was probably sufficient to explain to that one guy why that was bad. Greed doesn't listen to reason.

....nor regulators.

With a functional government, regulations enable the regulators to punish people who do these things.

Re: Lambda School fined $75k by CA for operating without state approval [pdf]

#189

Earlier quoted context omitted.

Can you go after your old counsel using your new counsel for damages?

I don’t know. If we could it wouldn’t be a good use of time or money.

Of course your choice to make but I would fight them.

Re: Lambda School fined $75k by CA for operating without state approval [pdf]

#190
post #132

Earlier quoted context omitted.

> 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 but of course there is more. To me, it was obvious there is something wrong b…

> 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

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