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by CrazyStat
401 days ago
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FractalU isn't a school. It doesn't need to keep records, comply with miles of state regulations (employee and volunteer background checks, record keeping, mandatory exams, ...). It doesn't need to be able to demonstrate to other schools (or universities) what the students achieved. It doesn't need to demonstrate to the state that it's actually teaching the students something. It doesn't handle any money, so it doesn't need an accountant. It doesn't employ anyone. It doesn't need to worry about firing anyone. My kids attended a small co-op school when they were young--5 employees (4 teachers + "director" who was mostly a floating assistant/substitute), everything else handled by parent volunteers. There's really an enormous amount of administrative overhead. FractalU doesn't have any of that because it's not actually a school. |
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Some skepticism for me creeps in the more I peruse the fractal sites. Course links for the summer semester are broken, and a lot of the working content seems to be somewhat self-indulgent, reading more like a normal unremarkable friend group.
The MLM/cult vibes I’m getting are that the main purpose and monetary incentive seems to be in the mere existence of the “community” itself, and selling that aspiration as a $600 course. The website for the course (fractalcampus.com) is a bog-standard tech startup marketing landing page including “as seen on…”, testimonials, and other calls to action to buy this $600 course.
Notable with that course, we are talking about a paid course being sold where the only person with a true success story is the person selling the course. The Boston iteration seems to only consist of a weekly dinner so far.
Doesn’t that sound familiar, like every other influencer selling a self-help course we’ve ever seen?
I think if the paid course and stated analogy to YCombinator wasn’t a part of it I would be more enthusiastic, like, “yeah this thing is awesome, a real community that goes deeper than small talk, you’re all getting together and learning from each other and truly engaging.” But then the more I think about what they’re actually doing as actions rather than words, the more I feel like this whole thing isn’t 100% honest.
The founders’ biographies support the idea that they are a tech couple who exited with lucrative equity and are now landlords as their main job and that this is a glorified real estate course. “Co-living” is just a drop-in word for “landlord.”
“FractalU isn't a business or a nonprofit. In fact, it's not a formal organization at all.”
I’d put five bucks down that there’s an LLC or trust involved somewhere.
Idk, maybe I’m reading too deep into this, but there are a lot of scams in this world and I think this might be one of them.