🏫 Lambda School

Lambda School enables students to sell a piece of their future earnings in exchange for tuition. The school teaches in-demand skills such as web development and data science. Courses can be completed remotely and are highly practical, focused on getting students hired once they complete the course.

Some companies—like Lambda (Series C; $122M raised), Flockjay (Series A; $14M raised), and Microverse (Seed; $3M raised)—use Income Share Agreements (ISAs), which align incentives with learners. Flockjay, for instance, only gets paid if students land a new job paying at least $40,000 per year. The average graduate gets a job paying $75,000.

One of the most well-known leaders of the “building in public” phenomenon is Austen Allred, Founder & CEO of Lambda School. Allred largely built his company on Twitter, and those who followed him got to see him build Lambda in real time.