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.
The top b-schools globally are just a filtering mechanism. The value add by b-schools per se is not very high. Any IIM grad would have 95%+ similar output on his job even if they never did an MBA. Apart from hard skills like accounting, finance - there is not much to learn at there.
The real value is scoring 99.5%ile in CAT (hence sharpening your basic reasoning skills) and being around folks who are pushing themselves all the time (high quality assignment submissions, case competition, sports etc). You cannot replicate this in a 3rd place
I have been bearish on the value prop of alternative b-schools. Tech skills are still very tangible - building an application teaches you more about tech than making a ppy teaches you about business
Even alumni networks also cannot be created in a short time. Its a decade long building activity.
Alumni + Education + Raw talent = B School IMHO
Hahaha not surprised. Love how the revolutionary "cohort based courses" have crashed and burned. Dont think Maven is doing well either. Lot of branded funding, but no real outcome for students, as usual.
Placement is the name of the game in higher education. Everything else is just conversation.
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...
The original mafia is a lot bigger. You cant beat traditional MBAs.
They push down a 2yr intensive course within 12 weeks and call themselves alt MBA - donโt think that really went well...
Loved their newsletters tbh. Very articulate
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!
What do you people think of Stoa for a career transition? Theyโre charging 2.9L for the course. Anyone who belong to the Cohort?
