Stoa laid off 90 percent of their workforce
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 “means-to-an-end” to a good job. If no job no demand of that course . Maybe they weren’t able to screen good candidates. As good candidates go to top B schools. The avg guys didn’t 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 original mafia is a lot bigger. You cant beat traditional MBAs.
The Morning Vine 🍇
Good morning! Too much has happened in the last 24 hours, we’re going double the size of our 5 news a day quota - here we go:
𝐈𝐧𝐝𝐢𝐚 𝐓𝐞𝐜𝐡 🇮🇳
𝟏. 𝐆𝐫𝐨𝐰𝐰’𝐬 𝐀𝐜𝐭𝐢𝐯𝐞 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫 𝐁𝐚𝐬𝐞 𝐂𝐥𝐢𝐦𝐛𝐬 𝐎𝐯𝐞𝐫 �...