Sramana: What are some of the other trends occurring in this space now?
Gary Matkin: In general, there is a very large gap in the technology that is presently being offered. That gap is conventionally called content management. Publishers are doing more and more to create content that is quite well managed. Learning management systems are using some of that stuff, but learning management systems and content management systems the way the publishers are doing it are fighting a bit. I have seen that those communities are starting to work together a bit better. >>>
By Ajit Narayanan, Founder and CEO, Invention Labs
I started working with children with autism way back in 2008, building technology that helps them learn language and communication. In retrospect, it was almost serendipity – what started as mainly a favour for some friends has now turned into a full-fledged start-up. And today, I’m thrilled to share that TechCrunch broke the story of our company, Avaz (www.avazapp.com), raising our first round of financing, and I wanted to spend a moment reflecting on how my advisors in general, and 1M/1M in particular, have helped me get here.
Sramana Mitra: Do you work with a lot of for-profit colleges?
Karen Francis: We work with any content providers. Some people are not institutions in the way that you and I would think of it.
Sramana Mitra: Your marketing service is for any kind of online or educational program?
Karen Francis: Yes. On the Academix Direct site, we work with any post-secondary institutions whether it’s traditional brick-and-mortar, online, or blended – which most of them are. Even the ones you think are traditional have online components now. The CourseTalk site is all online.
Sramana: Even in the future, this is something that will have to be done with technology. Teachers need to be empowered to use that technology. I just don’t see how teachers can be required to architect the design.
Gary Matkin: It is going to have to be done more and more by teachers. They are going to have to get more involved with the design of courses than they are now.
Sramana: They may be involved in the course design process but that does not necessarily mean that they are going to have to do learning architecture design. I think we disagree here. I just don’t see ‘teachers as architects’ being scalable.
Gary Matkin: I don’t agree with you on that point of view. The most effective teachers we have right now are those who are involved with design. They are coming up with very creative solutions to convey information that our designers would not have otherwise conveyed. Our designers do not have the domain expertise to know that the content should have been there. Teachers, when they understand what the design elements are, can produce some wonderful stuff. >>>
Karen Francis: To that end, we are paying a lot of attention not just to the individual course certifications but series certifications. edX is leading down this path. One of the next things that we’ll be introducing on our site in the next couple of months is the ability to upload your certification and then attach it to your official transcript. You might go to high school and you have a transcript from your high school. You don’t want to go to college the way that other people might think about it. You know which skills you want and you want to be able to prove to an employer that you’ve mastered it. You will be able to take that certification and attach that to your official transcript.
Sramana Mitra: You are maintaining consumer records on their certifications and transcripts?
Sramana: Let’s explore your continuing education business in greater detail.
Gary Matkin: Continuing education is dominated by people who want convenient, high quality material that is very relevant. Cost is not the primary concern. If you can provide courses that meet those criteria, then you are in the market, and that is what we service. Convenience is enhanced by putting the courses online. We also have those classes on the evenings and weekends, but the online aspect makes it possible for working adults to take any class online.
Sramana: What percentage of your continuing education courses are delivered online today?
Gary Matkin: A little over half. >>>
Sramana Mitra: I have a bunch of questions on that. These are, again, trend questions. One of the big problems with the Internet, in my view, is that it’s a free-rider and free-loader population. What percentage of your traffic are paying users as opposed to people looking for free courses?
Karen Francis: The only way I could answer that right now would be to give you metrics on the paid course sales. I would say we’re too early for that. Most of the people on our site are connecting to free courses. I think that’s largely because they don’t know that they’re available yet. We’re really at the early stages of adding the courses. We’re just getting exposure now for those people who are willing to pay.
Sramana: Are there other models that you could envision being successful?
Gary Matkin: Another option would be to start selling advertising. Somehow they should use the names they have for advertising or marketing.
Sramana: Everything you have mentioned works well for UCI. For Coursera, that is a scary thought that nothing monetizes significantly in the short term. That is a problematic situation for a venture-funded firm.
Gary Matkin: It is and I don’t think Coursera, edX, or Udacity will last very long. >>>