Puri: ISAs are effective debt vehicles when training costs are low
Shaan Puri · What Does It Take To Become Rich? How Some People Make Millions! My First Million Podcast 04-02-2020 · May 1, 2020 · at 39:46
Sean Puri and Sam Parr discuss whether the Lambda School income share agreement model translates well to training executive assistants.
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“When you have a low cost of training it's a great model because it reduces the friction to join because you say, well, it's free. And so it's, I only have to pay them if I get a high paying job out of this. So your incentives are aligned, right? Because we want you to get a high paying job, but you came to us to get a high paying job. We only get paid if you get a high paying job. And if you get a high paying job, this is a reasonable payback for us providing that service to you. And so I think anyway, any place where you have a low cost of training, this is a very good mechanism. It's just a debt mechanism. It gets a lot of hype, but really it's just a debt vehicle.”
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