… need to have a lot of money or a lot of time. An affordable private school removes those barriers, and my bet is that instead of 15% of parents, we will see 30% or more getting their kids a more personalized education using cutting edge technology, something that I think badly needs to happen to save education.
To date, all together $100M in funds operating in parallel and cross-investing. We invested initial ticket sizes of $1-$2M, mostly series A, entering at median entry valuations of $5M. Our smallest ticket was $250k and our largest investment is $8M.
3. Finally, our best entrepreneurs tend to dislike publicity. These entrepreneurs are focused on getting sh*t done. A good portion of our inspiration in life comes from the entrepreneurs we work with. If these speci…
If we want to redesign college, what should we do? The amazing thing to me is that it has already been done. In the 1980’s, Stanford created a program in engineering where people in industry could take classes remotely. The classes were beamed like TV to their buildings (I think via satellite!) synchronously, and students could ask questions via micro-phones of their professors and TAs in real time. I did my master’s degree this way and it was frankly better than being in-person as an undergrad because they recorded the lectures and I could re-watch and then ask questions of my TAs later if I needed.
With Tom, we were sitting together in front of our pool after an hour-long Balinese massage, 😃 super relaxed. As two growth guys and ex-entrepreneurs, our various discussions have all been about product, growth & startups. We were laughing at ourselves, thinking about all the mistakes we made in the past with our companies and all the things we would do differently today.