Lambda, an online school, wants to teach nursing

“I HAVE BEEN this close to buying a nursing school.” This is not a sentence you expect to hear from a startup founder. Nursing seems a world away from the high-tech whizziness of Silicon Valley. And, to use a venture-capital cliché, it does not scale easily. Austen Allred, boss of Lambda School, sees things differently. His two-year-old firm matches labour supply and demand by providing fast, efficient training to potential employees. It offers five online courses that prepare candidates to write software at technology firms. Training nurses, more of which are sorely needed to care for America’s ageing population, is not an illogical next step—especially when many nursing schools have to turn people away.

Instead of responding to the threat of joblessness posed by automation with a universal basic income, Mr Allred wants to help people to switch jobs faster. Unlike most online courses, Lambda does not charge students up front to attend (though admissions are competitive) and online tuition is live and interactive, not recorded. Full-time students attend for nine months, Monday to Friday, 8am to 5pm San Francisco time. Latecomers risk falling behind. In most recent classes, 85% of students who began a course finished it.

The school only starts getting paid back for its services after its students have landed a job which...

via Business Feeds

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