what metrics would you use to evaluate lambda school's income share agreement model?

Introduction

Evaluating Lambda School's income share agreement (ISA) model requires a comprehensive approach to product success metrics. This innovative educational financing model presents unique challenges and opportunities for measurement. I'll follow a structured framework that covers core metrics, supporting indicators, and risk factors while considering all key stakeholders.

Step 1

Product Context

Lambda School's ISA is an alternative education financing model where students pay no upfront tuition but agree to pay a percentage of their income for a set period after graduation, once they secure a job earning above a certain threshold.

Key stakeholders include:

1. Students: Seeking quality education and career advancement without upfront costs
2. Lambda School: Aiming for sustainable operations and student success
3. Employers: Looking for skilled graduates
4. Investors: Expecting returns on their investment in Lambda School

User flow:

1. Application: Students apply and are evaluated for admission
2. Education: Enrolled students complete the program
3. Job search: Graduates seek employment with Lambda School's support
4. Repayment: Employed graduates pay a percentage of their income for a set period

The ISA model aligns with Lambda School's strategy of increasing access to education and tying their success to student outcomes. Compared to traditional coding bootcamps, Lambda School's ISA model shifts more risk from students to the school.

Product Lifecycle Stage: Growth - The ISA model is gaining traction but still evolving as regulatory frameworks and market understanding develop.