Another Path for High School Students
medium.com11 pointsby cglee0 comments
1. the value cannot be perceived until much later after the service is rendered
2. alternatives are mutually exclusive; eg, people usually just attend one university or coding bootcamp, not all of them (or even two of them)
This is in contrast to, say, a restaurant where diners can immediately determine if they like the food and can compare it with competitors (because they dine at all the restaurants). [1] https://failstatemovie.com/
[2] imo, edu institutions need to be judged on how they treat their most vulnerable students, unlike startups who are judged on their best wins (https://twitter.com/cglee/status/1781129096250179640)
[3] https://medium.com/launch-school/educational-entrapment-f5cc0472051e - https://news.ycombinator.com/item?id=30782967
- https://x.com/cglee/status/1232512904953335808
Always happy to chat about ISAs and how to best deploy them. Or, find better alternatives. a) commission based pricing (aka, incentive alignment pricing)
b) deferred payment
Of the two, imo the second is by far the most important thing for students. To the first bullet, I don't personally find commission based pricing to be all that incentive aligning. For example, it's not uncommon for me to advise someone to take a much lower offer because it seemed like a better long-term opportunity. This is in line with Sean's observation that quality education outcomes is difficult to reduce to salary numbers alone. - adverse selection is mitigated since you have a long track record of student behavior and performance
- can still be egalitarian, without relying on credit scores or degrees or any socioeconomic markers
- still possible to defer all payments, without the lock-in of an ISA-frst approach
There are many other student-friendly benefits of an ISA-later model, but I'll stop here as this comment is getting long.
The two things that consistently delight me are AI and my AVP. I'm trying to combine the two.