Why VCs don’t back most college alternatives: 1. Scalability. Relying on physical campuses keeps costs up, accessibility down. Opening in new cities = recipe for disaster 2. Limited market. Once you start charging enough people go to college instead 3. Regulation of incumbents
Replying to @Austen @AustenAllred
Also the model is “Make a $100 billion market into a $10 billion market and own all of it.” not “Make a $100 billion market into a $10 billion market split 300 ways.”
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