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David Perell
@david_perell
The state of online learning: 1) YouTube will eat the low-end of the market. 2) People will pay 5-15x more for live courses. 3) The three biggest competitive advantages are the personality of a creator, the warmth of the community, and the quality of the student experience.
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David Perell
@david_perell
4) Most of the big companies have been designed for pre-recorded courses. The market is ready for a platform focused on live courses. 5) Course creators should take guidance from fitness communities like SoulCycle, ToughMudder, and CrossFit.
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David Perell
@david_perell
6) The pedagogy of traditional education is unhelpful for online learning. 7) People don't pay for information. They pay for outcomes. 8) Low-end courses improve their offer by adding features. High-end instructors improve it by taking them away. Elegance wins at the high end.
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David Perell
@david_perell
9) Until now, homeschooling has been prohibitively expensive. But by lowering the costs of it, companies like @withprimer will expand the market. 10) The education industry is limited by the idea that learning and fun are inversely correlated.
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David Perell
@david_perell
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Education is broken. Here is what the future of education will look like: 1. Teaching will become an extremely lucrative profession. Salaries will follow a power law. The best teachers will make millions of dollars per year and teach thousands of students per year.
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David Perell
@david_perell
11) Lack of community is the biggest reason why homeschooling isn't more common. 12) Just as remote work shows us how much time we waste at the office, homeschooling will show parents how much time kids waste at school.
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David Perell
@david_perell
13) MBA programs have a scarier future than undergraduate ones. 14) The President of every struggling liberal arts school should focus on increasing enrollment. 15) Small liberal arts schools compete with state schools, not each other.
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Ana Lorena Fabrega
@anafabrega11
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Let’s face it, our education system is obsolete. It’s outdated. It’s outrageous. It’s broken. New and bold alternatives are already being tested out there. My bet? Online education will have a groundbreaking impact in the way future generations learn. Here's why👇
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David Perell
@david_perell
16) Curriculum is destined to become a commodity. 17) Teachers should study entertainers. 18) School teachers will struggle to build online schools because they'll obsess over the curriculum and under-rating the importance of marketing and business.
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David Perell
@david_perell
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If you want to start an online course, I made you a graph. Teaching online requires a portfolio of skills from four categories: 1) Business 2) Marketing 3) Education 4) Entertainment If you want to teach online, these are the skills you need to build.
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David Perell
@david_perell
19) You can’t sell a $1,500+ course without a strong word-of-mouth component. 20) Time zones plague every live course creator. The inability for all students to be together at once lowers their market size. 21) Somebody will make a fortune building a “Zoom for education.”
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David Perell
@david_perell
22) History will remember Y-Combinator as the most innovative school in the world today. 23) Colleges will survive by doubling down on the college experience and partnering with yet-to-be-built, white labeled online education platforms.
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Eli
@_bernizz
Replying to
@andy_matuschak
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@david_perell
I think a clear distinction needs to be made between “practicing” and “doing” here. Practicing implies the ability to repeat w/ minimal cost. Doing has high cost. You can’t start Y Combinator over. High growth environments should tolerate repetition to an extent.