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by vinceguidry 2172 days ago
> But you're absolutely right that the market sets rates. And did no one wonder why the hell Andela would exist and be so valuable if there wasn't significant arbitrage to be had? They're a business not a charity.

The article appears address the incongruency:

> As Andela moved into 2019, many within the company felt the mood shift. It moved from something resembling an NGO to a profit-driven enterprise — which it indeed always was.

Andela appears to have been a profit-driven enterprise masquerading as a non-profit one. Until they could no longer sell the lie. Appearing as a benefits-first company drove a lot of "investment" dollars their way.

Just looks like another example of fools and their money. With a heavy price tag paid by the innocents.