Thought Leaders in Online Education: Sher Downing, Executive Director of Online Academic Services at the W.P. Carey School of Business at Arizona State University (Part 1)

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

Much is changing in the world of education. Universities are becoming large scale providers in online learning. Arizona State University is at the fore of this trend, running one of the largest business programs online.

Sramana Mitra: Sher, let’s start with introducing our audience to yourself as well as to what’s happening at the Business School at Arizona State University.

Sher Downing: The W.P. Carey School of Business, which is at Arizona State University, is one of the largest business schools in the nation. This year, we have around 11,000 students in various business tracks that are both face-to-face as well as online. We also have some pure online degrees that we are doing across the globe. We focus on developing the ideal that business is personal. We want people to come out of our school with a real sense of entrepreneurship and ability to do a lot of different things in their lives. >>>

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Student Entrepreneur to $10M+ Business: Blaine Vess, CEO of StudyMode (Part 1)

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

We’re seeing a wonderful trend of student entrepreneurs building substantial businesses without dropping out. Blaine Vess is yet another great role model. This story outlines Blaine’s entrepreneurial journey.

Sramana Mitra: Blaine, let’s start with introducing our audience to you. Where did you grow up? Where were you born? What kind of back story leads up to StudyMode?

Blaine Vess: I’m Blaine Vess, the CEO of StudyMode. I grew up in the suburbs of Chicago, which is where I co-founded StudyMode with my friend Chris Nelson. At that time, we were going to North Central College. From there, I ended up moving to Northern California and graduating from San Jose State University with a degree in Marketing. I originally focused on Computer Science and learned that I could program, but it wasn’t my specialty. So I switched over to Marketing and ended up moving to Los Angeles.

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1Mby1M Incubation Radar 2014: Easyskillz, New Delhi

Easyskillz.com provides online training for professional skills like Android app development, HTML5, web development, Excel, SAP, project management, Six Sigma, and digital marketing. Training is delivered through pre-recorded videos of industry experts and on successful completion of the course, students receive certification from Indian Government skill certification agencies.

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A Tablet App from Invention Labs Helps Kids with Speech Disabilities

The field of educational technologies is going through an exciting period. From massively open online courses (MOOCs) like MIT’s OCW or edX and Khan Academy to a range of tablet and smartphone applications, the field is rife with exciting innovations that have dramatically changed the face of education. There is a higher degree of self-learning and from a ‘sage on the stage’ model, education has evolved to a ‘guide on the side’ model. And in niche areas of education like special education where the ‘guide on the side’ models are the norm, there is a revolution happening, aided by the tablet and the various applications.

In the 1M/1M program, I came across one such innovative company, India-based Invention Labs, in the field of special education. With its latest innovation, called FreeSpeech, it addresses a growing problem encountered by children with special needs. For every 88 children in the US, one child is diagnosed with autism. The incidence of dyslexia is 15 percent of children in the US educational system. There are about 6 million kids with special needs in the US and a total of 24 million in the US, Canada, Europe, Japan, Korea, and West Asia. There is a growing need to help kids with speech disabilities develop communication and language.
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Building a $10M Company Proctoring Exams Online: Don Kassner, CEO of ProctorU (Part 1)

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

One of the chief bottlenecks of the adoption of online education has been the lack of ability to handle testing in a secure fashion. ProctorU addresses that gap and is growing at a nice clip.

Sramana Mitra: Don, let’s start at the beginning. Tell me about yourself. Where are you from? Where were you born and in what kind of circumstances? It sounds like you have multiple co-founders, so if you could also introduce the cast of characters, that would be great.

Don Kassner: My name is Don Kassner. I’m from the San Francisco Bay Area. I studied and taught at San Jose State University where I earned my bachelor’s and master’s in Economics. In 2005, I had the opportunity to take over a small accredited correspondence college in Birmingham, Alabama called Andrew Jackson University. I moved out to Alabama to take over as President and converted the university from paper-based to wholly online. During that time, I hired a guy named Jarrod Morgan. Jarrod became the Director of Technology.

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Not All Student Entrepreneurs Drop Out

Today’s generation of students has a high exposure to the Internet, smartphones, social and many other technologies from a very young age. It is not uncommon to see college students tinkering with technology, starting digital startups, and making millions (and occasionally even billions). Some drop out of school to build their business, but not all. Some stay on in school to get the best of both worlds.

Today, we are going to look at some such student entrepreneurs that we have worked with.

Jeff Nobbs is the founder and CEO of Extrabux, a highly regarded shopping rewards site monetized via affiliate commissions on online transactions. He co-founded Extrabux as a student at the University of Southern California in 2006. He and his co-founder, Noah Auerhahn, who lived in the same dormitory, worked on the project while they were still at school. Two years later in their junior year, they submitted Extrabux to the USC business plan competition, where it won first place and received $25,000, its first stamp of credibility. That helped them build a team and raise close to a million dollars over the next year. They are now on a run rate of over $10 million and their revenue in 2012 was about $5 million. Read more about how Jeff made Extrabux a success in my interview with him.
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Venture Capital in Slow Growth Markets: India, EdTech, Cleantech

There are a number of relatively slow growth markets in which we do a lot of business: India and EdTech are two examples. These are also two markets that I am passionate about, and have covered prodigiously for a long time. In a way, these markets, and many others that have similar characteristics, share very similar trajectories vis-a-vis entrepreneurship, venture capital, and exits. Another market in which 1M/1M doesn’t have much presence, but I have invested in, is Cleantech. The story is somewhat similar there as well. Let’s take a look at these slow-growth markets, and how they will emerge over the upcoming years.

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Are We In A Golden Age Of EdTech?

John Doerr would like the world to believe yes.

Speaking with Betsy Corcoran of edSurge, Doerr expresses his enthusiasm:

What makes this moment “transitional” for learning, Doerr says, is the fact that so much of the technology now getting applied to learning and schools already pervades the rest of our lives.

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From The Seedy Underworld of Drugs and Prostitution To Entrepreneurial Success: David Sharpe’s Journey with Empower Network (Part 1)

From drugs, sex, prostitution, David Sharpe has seen it all. Hopelessly lost since his teens, a father at 15, jailed in his twenties, David has found his way back to a healthy life through entrepreneurship. Enjoy reading one of the most unusual stories we’ve done in the eighth year of Entrepreneur Journeys.

Sramana Mitra: Dave, tell us where you’re from. Where were you born and raised – what kind of circumstances?

David Sharpe: My name is Dave Sharpe. I was born in Clearwater, Florida which is right outside of Tampa Bay in 1983. I turned 30 last November 17.

Sramana Mitra: Tell me a bit more about the circumstances. Where did you do school? What did you study? What kind of mental set are you coming from as an entrepreneur? What’s your family background?

David Sharpe: The fascinating thing is I don’t come from an entrepreneurial family. My mom was very involved in a lot of what I did, extracurricular wise. I was a sports player. I was an athlete. By the age of five, I was on a baseball field throwing the baseball around. My parents divorced when I was 2-years-old, but my dad always showed up for my baseball games. Then I had a stepfather, still do. My mom and my stepfather are still married.

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Thought Leaders in Online Education: Mike Pellerin, Director, Enterasys University (Extreme Networks) (Part 1)

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

Enterasys is experimenting with a concept of corporate massive open online courses (MOOCs). Interesting concept. Read on!

Sramana Mitra: Let us start by setting some context. Tell our audience about yourself and Enterasys. Then, we’ll take it from there.

Mike Pellerin: Enterasys has recently been acquired by Extreme Networks in November. Enterasys Networks evolved from a manufacturing cable company named Cabletron that was founded in the early 1990’s. They invented some nice patents like blinking out with the lights on with the computer equipment and then evolved into the computer network game space. Fast forward about ten to fifteen years, when I joined the organization. My background is in the computer science field and I started out in the quality assurance engineering. After learning the bits and bytes of all the different technologies, I transitioned into running the education team about 10 years ago.

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