Sramana Mitra: Interesting. Online learning is something that you can do at your own time in a very flexible way. That flexibility goes away with that. You’re saying that there’s more benefit in terms of engagement and learning, but there is that other benefit of flexibility that gets taken away from that setup. Peter Hirst:
Social media is great, but human beings also love to socialize in person. Paint Nite is thriving by tapping into the desire human beings have to ‘hang out’ and do creative things. Sramana Mitra: Let’s start with telling our audience a little bit about your personal background. Where were you born and raised? What kind
SmartRecruiters is going after Taleo and SuccessFactors and intends to disrupt the cloud-based recruiting platform industry. Gutsy and well-conceived, Jerome is executing very well on his vision! Sramana: Jerome, let’s start by reviewing your background. Where are you from? What are the roots to your entrepreneurial journey? Jerome Ternynck: I was born in France. I
Peter Hirst: From an education standpoint, the input doesn’t look that dissimilar from a cost base. The other approach is the MOOCs. Often, they are free and are low-cost courses. We’re beginning to see some executive education versions of those. As I go around and talk to my peers in other schools and in schools
Sramana Mitra: If you try to build a business that is selling to schools, that’s an incredibly slow cycle. I have companies in our portfolio and I know a lot of educational entrepreneurs who have become frustrated trying to sell technology or content to schools. It’s a long sell cycle. The textbook vendors are quite
Sramana: What are some of the metrics of the business today? Chris Gladwin: We are doing many tens of millions of revenue. We have 130 employees and have raised over $100 million in total. We have built a very large patent portfolio. We have 186 patents. We had six issued last Tuesday. We typically get
This interview is a great discussion about the various experiments going on in the world of higher education and how online learning is playing out there. Sramana Mitra: Let’s introduce our audience to yourself as well as to what you’re doing at Sloan vis-à-vis executive education. Peter Hirst: I’m the Director of the Executive Education
Sramana Mitra: You were able to build a minimum viable product, start monetizing it right away, and then, scale it from there. Katya Andresen: Not right away. Most of the overnight successes have a five to seven years lag. Sramana Mitra: That’s my point. How do you finance five to seven years of development? Katya