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Cengage is one of the three major publishers of educational texts and materials. In this interview, we explore a range of trends in higher education with Jim Donohue, their Chief Product Officer.
Sramana Mitra: Let’s start, Jim, with an introduction for our audience to Cengage and yourself so that we know whom we are talking to and the context of the conversation.
Jim Donohue: Cengage is the world’s second largest educational text and materials company. We are primarily a book company and in our educational division for higher education, we’re still about 70% print based. The goal has been, obviously, to make a rapid change as the industries change.
I think higher education is an interesting animal in that it has been, in the last couple of years, pretty resistant to the kind of technology that other related industries have caught up with. As a result, it’s still very much focused on print and I think that’s going to continue for a few more years. I think, the challenge for this industry is to offer must-have products that will really encourage professors to make that move because their students are demanding it. I think it’s a really interesting dichotomy as I look at it through the Cengage lens.
It is that time of the year when we tend to pause and reflect. What have we achieved this year? What are the highlights of culture, business, technology, and trends that we have observed around us?
For me, the most exciting and positive movement at present is in the domain of technology impacting education. And it is an impact that is coming from many different directions.
Let’s explore them in further detail.
The for-profit education sector was in the news recently when President Obama mentioned in one of his gatherings [press conferences?] that they were “making out like bandits.” The president has been vocal about how the for-profit industry admits students, gets federal funding but have low graduation rates. He mentioned how the government was going to spend time during the next year to connect with professors, faculty members and students to rate good schools whether they are for-profit or nonprofit.
Omninox develops interactive, mobile study guides called Omniguides™ for high level math and science courses. It aims to consolidate the material that students learn for Advanced Placement (AP) STEM (Science, Technology, Engineering, Math) classes by offering built-in software tools such as a calculator, quizzes, and sketchpad with social sharing. >>>
Further to my earlier post, Mentoring Startups: 10 Lessons We Have Learned, I want to also go over our learnings through running, what is today, the world’s only global virtual incubation program.
1. Reach & Scalability: We have successfully created a virtual incubation program that entrepreneurs all over the world are using. The self-service curriculum is quite rich now, which makes the program scalable. Also, the online mentoring roundtables have been extremely productive, as discussed in the earlier post. We’re also running an active content organization that helps our portfolio companies get coverage, as well as distribution for their messages through social media (reach over 100k currently).
2. Inclusive vs. Exclusive: We have successfully reset the definition of entrepreneurship within the program from Entrepreneurship = Financing to Entrepreneurship = (Customers + Revenues + Profits), Financing and Exit are optional. This has enabled us to be inclusive, as opposed to exclusive. Unlike YCombinator that takes pride in how many entrepreneurs they reject, we take pride in the fact that we do not reject anybody. Over 99% of entrepreneurs seeking financing get rejected. We work with ‘The Other 99%’ irrespective of their fundability, helping them grow to become successful businesses, and to raise financing if appropriate. Also, you don’t have to move to Silicon Valley to get incubated with us, which also gives us tremendous flexibility on whom we can work with.
Shaul Kuper is the chief executive officer of Destiny Solutions, a company that provides software solutions for higher education management on a cloud-based SaaS. He holds a bachelor’s degree in molecular biology and genetics from the University of Toronto. In this interview he gives us a detailed overview of the origins of Destiny and of the education space, in which he specialized at the very early stages of the company.
Sramana Mitra: Shaul, let’s introduce you to our audience. Where are you from? Where did you grow up?
Shaul Kuper: I was born and raised in Toronto, Canada. I had a fairly normal childhood: I grew up, I went to school and went to university. I was promised the dream of “make sure you learn math, science, and French, and you will be able to do anything you want in the future.” >>>
Rich Mahoney is the director of robotics engineering at SRI. He has more than 20 years of experience in the development and research of robotics. He holds a BS and an MS from Drexel University in Pennsylvania and a PhD in engineering from the University of Cambridge, England. In this interview he talks about current developments in the robotics industry and potential uses of robotics in our daily lives as well as the future of this fascinating field.
Sramana Mitra: Rich, let’s start with a bit of context. Give us an overview of where you think robotics sits today.
Rich Mahoney: This is my 25th year in robotics. I started in 1988 as a graduate student, and robotics itself emerged in the 1960s as a manufacturing technology in Boston and Silicon Valley, where the first demonstrations of industrial robotics were gaining traction. >>>
The following is an excerpt from my new book, Feminine Feminism.
Five years ago, a good friend of mine hanged herself.
I had coffee with her the day before.
She was married to a successful Silicon Valley entrepreneur who ran a couple of major companies and had a brilliant career. She did not work. But on the surface, they had everything.
I knew both of them well. It was a deeply disturbing incident that shook us all up.
Five years have passed. I have observed society around us closely. And today, I am writing this with a certain amount of lingering sadness.
One of the greatest defeats of the feminist movement in America has been the phenomenon that women in the thirties are quitting the workforce in large numbers. Many of them are highly educated, and just as they acquire sufficient experience to take on more substantial roles, the body clock sets off an alarm.
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The feminist movement has suffered some major setbacks. One of the greatest is talented women in their thirties dropping out of the workforce in large numbers. In the latest volume of her Entrepreneur Journeys book series – Feminine Feminism (Amazon Kindle) – Silicon Valley entrepreneur and writer Sramana Mitra presents the struggles and triumphs of successful women entrepreneurs who have chosen to make the most of their many talents. Through this collection of essays and interviews, she illustrates how entrepreneurship may be the answer for many women looking for a flexible way to balance a fulfilling career while raising children.
As the founder of the One Million by One Million (1M/1M) global virtual incubator, Sramana Mitra strives towards 1M/1M’s audacious goal of helping 1 million entrepreneurs globally to each reach $1 million in annual revenue by 2020. With Feminine Feminism, she aims to inspire women to explore the path of entrepreneurship as part of their pursuit of work – life balance. This series of complex, emotional, intimate, and candid perspectives from a great collection of female role models fall under such headings as:
Working mothers are constantly struggling to strike a balance between spending time with their kids and making the most of their professional skills or supporting their families financially. Jana Francis, co-founder of Steals.com, has achieved this balance, and for her, the most rewarding part is that her employees are able to strike a balance as well.
The motivation for Steals.com came to Jana Francis right after she had a daughter, her third child, when she had to head back to work in the sales management team for a dot-com startup at the end of her maternity leave. She realized she was a smart, capable woman who could come up with a way to earn money from home. Once she started thinking along those lines, the ideas started to flow.
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