Why do education startups fail? Because…
Most entrepreneurs in education build the wrong type of business, because entrepreneurs think of education as a quality problem. The average person thinks of it as a cost problem.
Building in education does not follow an Internet company’s growth curve. Do it because you want to fix problems in education for the next 20 years.
There are opportunities in education in servicing the poor in the US and building a company in Asia — not in selling to the middle class in the US.
The underlying culture will change and expose interesting opportunities in the long term, but probably not for another 5 years.
Why Education Startups Do Not Succeed
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