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It took five years to write, but here's the full story behind Lambda School, Silicon Valley's disastrous foray into for-profit education.
I explain how they burned through $120 million in funding, why Income Share Agreements failed, the crimes committed along the way, and how one developer turned journalist put an end to the fraud.
Sandofsky · Fast Crimes at Lambda SchoolTwo days after his company's downfall, Austen Allred wrote:
I wish people could see how ugly it is to be envious, and how obvious it is to those around you when that's what's happening.
There's not much uglier than trying to tear someone down because they achieved what you wish
@sandofsky incredible read, thanks for gathering it all in one place. I’m thinking again of the people who spoke up against him and were targeted by VCs who attacked their careers and livelihoods.