I admit that I was initially fond of Lambda, but there has been growing coverage of the challenges that the startup faces and of what the company really is about. Here is one of the most damning articles: THE HIGH COST OF A FREE CODING BOOTCAMP
Student debt in the US reached $1.6 trillion, yet graduates are having the hardest time ever to find employment
Unemployment among Americans aged between 22 and 27 who recently earned a Bachelor’s degree or higher was 3.9% in December — about 0.3 percentage point above the rate for all workers.Source: Bloomberg
Masayoshi Son and SoftBank struck again, this time with Oyo. Given the magnitude of capital involved, it’s incredulous to read this kind of shocking articles.
There were missteps at Oyo from the start. The Japan hotel team, led by a transplant from India named Prasun Choudhary, figured they could get to as many as 75,000 rooms in the first year, which would put them ahead of the Apa Hotels chain in the No. 1 spot. But they took as their starting point an inflated addressable market of 1.6 million rooms based on numbers from the local tourism authority: They included campgrounds, bed-and-breakfasts and pay-by-the-hour love hotels, which weren’t part of Oyo’s business plan, according to people involved at the time.
Oyo Life, the apartment rentals business led by another Indian lieutenant called Kavikrut (who like many Indians goes by one name), set the goal of 1 million rooms in part because it was a stunning, round number that would exceed the capacity of the Japan market leader, the people said. That was the target that caught Son’s attention in March.
An amazing piece of innovation from F1 Mercedes team that is an immensely ominous sign for their rivals