22: Austen Allred, Founder and CEO of Lambda School
Square One: Conversations with the Best in Business - A podcast by Romeen Sheth
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Education is broken. Since 1996, only three sectors have materially risen when adjusted for inflation. Construction is a bit more expensive than the inflation benchmark, healthcare and childcare prices have risen ~2x the benchmark, and college education has risen 4x inflation! This rising cost is having a significant impact on the economy - millennials are less likely to start businesses, own homes and are taking longer to "settle down" due to the crippling impact of student loans. A lot of companies have been trying to disrupt the higher ed space; one of the companies I've been most impressed by in the space is Lambda School - a 30 week immersive coding school that only charges students IF they secure a $50k+ job upon completion of the program. Lambda is one of the fastest growing startups in the Valley and just announced a fresh round of capital this week, led by Google Ventures and Stripe. It was a pleasure to have Austen on the show to get his thoughts on the future of education. Watch out for this company - Lambda has the potential to be one of the most important and impactful companies in the next 20 years.
