...Lambda School, which runs virtual nine- and 18-month (part time) computer science courses for $30,000 — currently covering data science and full-stack web development — with payments for the course based on a sliding scale that only kicks in after you land a job that makes at least $50,000, has raised $74 million in equity in a Series C round.
...He also said that he hopes that this will be the last funding that Lambda raises, not because it’s planning an IPO but because it’s aiming to become profitable. Allred confirmed that is not the case yet.
...more demand than we can handle right now, even with the fundraise,” he said. “I don’t know if that’s a good or bad thing.”
Currently there are about 3,000 students enrolled, all taking live (not on-demand) classes according to timetables programmed for different timezones. All the classes are set up on a specific personalised basis, with labs to extend your learning and “live” projects to put you in the middle of the kind of work that you would be expected to do with the skills your’re picking up.
...“From a regulatory standpoint we could receive accreditation and grant degrees but [boards] require you to submit changes to curriculum a year in advance and our students can’t afford that. Things like that are a nonstarter until the accrediting bodies change their requirements,” he said, and added that schools that have accreditation are not always better than this.
“There are thousands of schools fully accredited that have a 20% graduation rate,” he said. “It doesn’t make you good. We have to prove our worth to students in other ways, usually through outcomes.”
No comments:
Post a Comment