News for hackers. Stuff that matters.
Re:Announcing Our New ISA Financing Blueprint and $100M in N... by wmf on Wednesday February 19, 2020 @05:17PM (#22370699)
It sounds like Lambda is growing so fast that it's not realistic to be profitable. Early cohorts of ~100 students can't possibly pay for newer cohorts of ~1,000 students.
Re:Announcing Our New ISA Financing Blueprint and $100M in N... by carterehsmith on Wednesday February 19, 2020 @08:27PM (#22371976)
Indeed. So, as per the article, they take $100M investment to keep this weird chain going.
Re:Announcing Our New ISA Financing Blueprint and $100M in N... by derision on Wednesday February 19, 2020 @05:28PM (#22370781)
Social security all over again
Re:Announcing Our New ISA Financing Blueprint and $100M in N... by darawk on Wednesday February 19, 2020 @11:15PM (#22372629)
It's nothing like social security. It's a business that's growing. Eventually that growth will plateau, at which point it will be profitable. This is an extremely standard pattern that thousands of businesses have gone through successfully.