Founders School Opens in Manhattan with High-Risk Tuition Model
What happened
Founders School, an entrepreneurism-focused high school, opened in the Financial District of Manhattan in September. The school charges $150,000 per year in tuition, but offers a full refund of the $600,000 tuition if a student does not generate at least one million dollars in profit by the end of their fourth year. The school is an offshoot of Alpha School, which launched in Austin in 2014.
From nypost.com
Why it matters
The school's unique financial structure and high tuition costs introduce a high-end educational offering into the market. The concept was prompted by Joe Liemandt and Nat Eliason, who are involved in the founding of the institution.
From nypost.com
Who's involved
- EliasonCo-head of Founders School and entrepreneur
- Joe LiemandtPrompted the creation of Founders School
- ManhattanLocation of the school's Manhattan branch
- AustinLocation of the original Alpha School network launch
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Financial DistrictSpeculative
The establishment of the high-tuition school could add commercial activity and revenue to the Financial District.
- GreenwichSpeculative
A student from Greenwich might transfer to the Manhattan school, affecting the peripheral demand for the school's services.
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The entities involved
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Eliason
Nothing else this week.
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Joe Liemandt
American billionaire businessman
Nothing else this week.
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Manhattan
borough of New York City, New York, United States