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patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

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Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

東京都 Tokyo
kalzumeus.com
Joined February 2009

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    1. Austen Allred‏ @Austen 24 Mar 2018
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      Here's a real-world example: A code bootcamp that charges $10k/student recorded *the entire code bootcamp* and put it online, self-paced for $3k/student. 50 people signed up and paid $3k. *One* person made it past the first 45 min lesson. He quit after lesson 3.

      15 replies 31 retweets 208 likes
    2. Patrick McKenzie‏ @patio11 24 Mar 2018
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      Replying to @Austen @AustenAllred

      The stats on viewership for (much shorter) courses that I've been involved with were also below my naive expectations, though might partly be because they were structured to support "Just skip to the X% relevant to your present needs."

      1 reply 0 retweets 11 likes
    3. Austen Allred‏ @Austen 24 Mar 2018
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      Replying to @patio11

      I’ve seen enough of them now that I consider the “well only learn what you need to” and “some people were just sampling” to be a cop out. It’s certainly true, but you can find people who are determined, and that cohort still has 2% completion. It’s shockingly bad for some reason.

      3 replies 2 retweets 14 likes
      Patrick McKenzie‏ @patio11 24 Mar 2018
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      Replying to @Austen @AustenAllred

      Yep. FWIW, substantially all of my friends who sell or are involved with infoproducts have directionally similar experiences. They've experimented with interesting things to boost actual student success, including "put a teacher in it", first-party coaching/CS, P2P ...

      11:25 PM - 24 Mar 2018
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      • Nerd curious abt psychology 🧠 Sar Haribhakti Cole Hudson KimSia Sim 🇸🇬💻📗 Vladislav Supalov Zach Cook ☕️ shawn swyx wang Blockchain Engineer
      4 replies 0 retweets 14 likes
        1. New conversation
        2. Patrick McKenzie‏ @patio11 24 Mar 2018
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          Replying to @patio11 @AustenAllred

          study or accountability groups, changing course structure to emphasize creating evaluated deliverables over consuming lessons, and similar. Let me know if you ever want to chat with folks about their experiences; happy to introduce you to folks working on this.

          3 replies 0 retweets 3 likes
        3. Trevor McKendrick‏Verified account @TrevMcKendrick 24 Mar 2018
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          Replying to @patio11 @AustenAllred

          How do info product ppl “deal” with the potential lack of fulfillment from selling products that don’t usually lead to outcomes? (To be clear I’m making no value judgments, just something I’ve wondered about the industry in general.) Maybe I’m setting too high a bar

          2 replies 0 retweets 0 likes
        4. 4 more replies
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        2. Austen Allred‏ @Austen 24 Mar 2018
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          Replying to @patio11

          Yup. I sell a book I wrote for $100 (!). Less than 50% of the people that purchase it ever even download it. We had to figure it out for Lambda School or we’d go broke. I’m 99% confident it’s a solved problem, but with no skin in the game + online class was difficult to solve

          3 replies 7 retweets 38 likes
        3. Dan Naumov‏ @dnaumov 25 Mar 2018
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          Replying to @Austen @AustenAllred @patio11

          Wait, wait. People buy a 100$ book and then don’t succeed in downloading it? And this is more than half of all sales? What is the sales channel?

          1 reply 0 retweets 8 likes
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        1. Kamil Choudhury‏ @kchoudhu 25 Mar 2018
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          Replying to @patio11 @AustenAllred

          Sounds like we need the securities equivalent of FTD for online courses. We'll charge you 3K to join, and $50 each time you don't make required progress.

          0 replies 1 retweet 0 likes
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        1. Matthieu Varagnat‏ @MVaragnat 25 Mar 2018
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          Replying to @patio11 @AustenAllred

          Basic biology hypothesis : we are hardwired to learn from human interaction and human stimuli. @Lewagonparis did a bootcamp, filmed it, then *kept doing an actual bootcamp with actual humans* (only tutors though, not teachers). They have now opened franchises worldwide.

          0 replies 0 retweets 0 likes
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