Sramana Mitra: This is funded by Menlo?
Karl Mehta: Menlo was one of the investors, but the round was led by SoftBank Capital.
Sramana Mitra: What, in a nutshell, is the premise of EdCast?
Karl Mehta: EdCast is a knowledge network for anyone to develop lifelong learning as a passion. We have a knowledge economy and things are rapidly changing. In order to keep pace with whatever field that you’re working on, you want to get smarter every day. You need a network that is going to bring you the most personalized content in your field. Let’s say you’re into learning Big Data or even non-technology, you can go to EdCast and follow a channel on architecture, for example. >>>
Felix Odigie: When you think about where we actually win, it is in the analytics. You’re training to be more security-aware. How do you measure that? You must be able to show this analysis to the customer and the customer will show it to their executives. That’s what we do. We have a very advanced analytics software in our portfolio. That’s a very strong differentiation for us.
Think of what we’re doing as an antivirus, if you will. We try to prevent hacking access through humans. The next stage of evolution which we’re doing now in partnership is to have a partner who can deploy endpoint solutions just in time. You have FireEye. We have the content and the training.
Now you have a partner who can monitor user activity. When you click on the wrong email twice and you’ve been trained before, it’s time to get trained again. That automatically triggers training. It’s like an antivirus check with more advanced analytics and better ways to ensure that. This is more of a complete solution. >>>
Sramana Mitra: How do you go to market? Are people paying for different modules separately or do you have an all-you-can-eat kind of subscription model?
Felix Odigie: It’s a SaaS business model. We have different types of customers. We have enterprise customers, small business customers, and even have individual smaller business customers who purchase their modules on our e-commerce platform. In other words, you can buy the product by the library where you have access to all of the products and you can deploy it to your employees, or you can just buy specific sets of courses depending on what you’re trying to enforce.
I did mention the other categories that we have like sexual harassment and HIPAA. Security awareness is our biggest because it’s quite prevalent but we have other compliance areas as well. We host the courses on our LMS which makes it easy to deploy to the customer and optimize the user experience. >>>
Inspired eLearning is doing something very effective in Cyber Security education. Read on to learn more.
Sramana Mitra: Give us a little bit of introduction to yourself as well as to the company.
Felix Odigie: I have a background in Computer Engineering. I went to Northeastern University and did my Masters at the Wharton School. The company I run is actually Inspired eLearning. We’re into security awareness and compliance e-learning space. We provide education for the enterprise.
To make that a little simpler for everyone, what we stumbled upon is, it became very difficult for hackers and network intruders to attack network infrastructure because there was a lot of investment in securing networks. The natural place for them to gravitate towards was to hack the individuals who are already inside infrastructure. That was easy. We are susceptible to phishing scams. That was our mission. >>>
i-Human Patients, Inc. is a cloud-based e-learning company that is focused on rapidly developing and evaluating critical cognitive competencies in healthcare students and practitioners. Its main value proposition is that it simulates encounters with patients in order to teach users how to quickly, accurately, and cost-effectively assess and diagnose patients.
Brad knows how to sell. Read how he turned that skill in to a $20M revenue business with very little formal education.
Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?
Brad Lea: I was born in Cottage Grove, Oregon in about 1969. My journey began right there.
Sramana Mitra: Did you grow up in that community?
Brad Lea: Yes, I grew up there until I was 14 years old.
Sramana Mitra: What did you do after that? Where did you move to and how did the journey evolve? >>>
Sramana Mitra: Talk to be me about the state of the union as far as virtual reality games are concerned.
David Lord: It’s an interesting time. The promise of virtual reality is infinite and yet the delivery is still three to six months in. That three to six months was a little bit more exciting than I think anybody had anticipated. Now, we’re at a time when we can start to evaluate new games in an entirely new light. To take the leadership in virtual reality for education, you have to first use virtual reality to understand its capabilities.
Secondly, you have to understand that content will drive the adoption. >>>
Sramana Mitra: Let’s double-click down on some of these trends that you are talking about. Tell us a bit about what is in the horizon versus what is already active. You talked about personalized learning. Are products already in the market that are personalized learning games?
David Lord: I would call the products that we have today similar to personalized. They don’t necessarily have the ability to adapt in mid-motion like technology allows us to today. It really comes from the learnings that we’ve made as we converted our games to the cloud. The technology jumps that have been taking place have enabled us to have different views of data. That’s really what’s driven the technology capabilities. >>>