This Week in Startups E1033: News Roundtable! Lambda School CEO Austen Allred & General Catalyst Partner Katherine Boyle on Lambda School controversy, Techlash & late-stage journalism, Robinhood down as Dow jumps & more!
Mar 3, 2020
Austen Allred, CEO of Lambda School, known for his sharp insights on education, opens up about the recent controversies surrounding his school. He discusses the nuances of Income Share Agreements and their intended role against predatory loans. Katherine Boyle, a venture capitalist with a background in journalism, critiques media narratives and emphasizes the need for transparency in tech education. They also dive into the evolving challenges of journalism in the age of clickbait and reflect on the implications of major tech events, like Robinhood's market outage.
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Lambda School Controversy
- Jason Calacanis interviewed Austen Allred about a recent New York Magazine article.
- The article alleged Lambda School misrepresented statistics and contained other inaccuracies.
The Genius of ISAs
- Students at Lambda School assume no risk with ISAs.
- If they don't get a well-paying job, they pay nothing, and the debt disappears after five years.
Dealing with Late-Stage Journalism
- Founders should avoid direct interaction with journalists, opting to communicate via email or DM instead.
- Publish full, unedited interviews on personal or corporate blogs for transparency.