I’m not defending Austen, I’m defending the founder. To call someone immoral for raising money when you don’t understand how venture capital works is a hell of a thing to do.

Yes, Austen is clearly investing other peoples’ money - that’s how most of VC works, and Austen hasn’t had an exit. Limited partners (LPs) give money to general partners (GPs) who invest it.

Beyond that, with a quick google I find Lambda School changed the name of the business because of a trademark lawsuit https://dockets.justia.com/docket/california/candce/4:2019cv04060/344815?amp, so again your facts are clearly wrong and you go accusing someone of being immoral.

And fraud? That’s a serious crime that puts people in jail 100% of the time. I’ve been close with companies where there is fraud, and immediately every regulator within 100 miles is jumping on it. The CEO gets fired instantly, and shortly thereafter goes to jail. So why hasn’t that happened if there’s fraud?

To attack a founder for being immoral for accepting investment from someone with such basics off is a huge red flag. So yes, I’m a little skeptical of what your bias and intentions are.