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The timing and content of this announcement is...confusing. I'm definitely not an expert in this, but the details here of the financing seem pretty general and straightforward, i.e. the type of document I'd assume they would've already drawn up when partnering with edly several months ago [0]. And that still doesn't explain why Lambda and Allred wouldn't have this info prepared by the time The Verge and NYMag (the latter which was a 5 month investigation) came calling around. It also doesn't explain why edly took the partnership announcement pages down the same day that @dhh started tweeting about them [1].

And then there's the issue of two prominent Lambda executives (one of them an investor, IIRC) stepping down this afternoon. [2]

[0] https://www.theverge.com/2020/2/12/21135134/lambda-school-st...

[1] https://twitter.com/dhh/status/1227317343539335168

[2] https://twitter.com/KateClarkTweets/status/12302421245005701...




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