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

Post by crazypyro » Mon, Jul 29, 2019, 4:09 PM UTC

jedberg wrote: post #36

adnzzzzZ wrote: post #19

Earlier quoted context omitted.

The vetting process and requirements for compliance likely makes it harder for schools who have alternative methods of teaching to be able to experiment and find better solutions to the problem. This pushes innovation in this field out of your state, which you may be okay with as long as people aren't getting swindled. But there's always a cost to these things.

California is known for overbearing compliance, but it isn't known for stifling innovation because of it. Our State recognizes that innovation is its lifeblood. I'm not too worried about them stifling innovation. For one, it was stated elsewhere that they are working with Lambda school to get them certified, and for two, I think the fact that most of the self-driving car companies are working here now is a perfect ex…

Post by austenallred » Mon, Jul 29, 2019, 4:12 PM UTC

amerf1 wrote: post #60

These things happen when you're just getting starting its normal we live and learn. Just hoping they start a slightly more flexible cohort for people who are working and looking for the next promotion

Post by austenallred » Mon, Jul 29, 2019, 4:14 PM UTC

merpnderp wrote: post #49

austenallred wrote: post #11

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…

25 lbs of paperwork to register an online school? Sounds less about protecting students and more towards protecting incumbents and cronies.

Post by dsfyu404ed » Mon, Jul 29, 2019, 4:16 PM UTC

bushido wrote: post #25

austenallred wrote: post #11

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…

Legal advise can be tricky, specially when trying to do something new. I have seen a few situations where this scenario played out Out of curiosity, was the paperwork cumbersome, or did the old counsel just not know? note: I considered rewording the "not know" bit since regulations can be tricky, there can be other reasons why they might've felt that the need to register wasn't there. Most of which I feel, for counse…

Post by ww520 » Mon, Jul 29, 2019, 4:20 PM UTC

duxup wrote: post #56

TimTheTinker wrote: post #18

Earlier quoted context omitted.

Not directing this at you, but to all - this is a concrete example of why you shouldn’t blindly trust legal (or medical, or spiritual) advice. Ask questions, make sure you understand, and think critically. No one is infallible.

Reminds me of this story: https://a16z.com/2014/02/06/why-i-did-not-go-to-jail/ TL;DR, A widely respected CFO makes a suggestion regarding stock and being competitive as far as employee compensation. CFO says that they have done the same thing at numerous companies. The CEO is not very knowledgeable and asks the general council (who unlike a lot of places at the time reports directly to the CEO, not the CFO) to weigh…