I heard from someone in the industry that Stoa laid off most of the people and only 7 of them are still there, including 4 of their co founders. The Main reason was that they were not able to provide placements to the members and their experience had turn to shit . What is happening with ed tech , also the sauce is that now they are pivoting into self paced courses following the coursera model. Alternative MBA nahi chal payega India .
MBA (any course for that matter) is a โmeans-to-an-endโ to a good job. If no job no demand of that course . Maybe they werenโt able to screen good candidates. As good candidates go to top B schools. The avg guys didnโt get job as expected and then revolted .
Many edtechs tried this model of taking avg students and promising jobs but jobs are hard to come by even for good candidates. Hence their models fails.
If education in India has to be improved it has to start at the school education.
+100
Outcomes was the issue
If someone really wants a MBA from out here just target top Bschools. You cant break the cartel that has been set for years.
So recently stoa announced that theyโre revamping their business. And for some reason everyone (other startup founders/ twitter folks) were supporting them and telling them not to get discouraged and to keep building and other shit.
Iโ...
There are few more which are doing the same. One bullshit is growth school. Spamming everyone with ads.
The original mafia is a lot bigger. You cant beat traditional MBAs.
Good morning! Too much has happened in the last 24 hours, weโre going double the size of our 5 news a day quota - here we go:
๐๐ง๐๐ข๐ ๐๐๐๐ก ๐ฎ๐ณ
๐. ๐๐ซ๐จ๐ฐ๐ฐโ๐ฌ ๐๐๐ญ๐ข๐ฏ๐ ๐๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซ ๐๐๐ฌ๐ ๐๐ฅ๐ข๐ฆ๐๐ฌ ๐๐ฏ๐๐ซ ๏ฟฝ...
Whoever is curating this, kudos. Job well done!
