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OK, so just to be clear: you're targeting well-off parents, who want to give their kids a leg up in the world from a business perspective - right? The fear I a
by bestattack 10y ago
OK, so just to be clear: you're targeting well-off parents, who want to give their kids a leg up in the world from a business perspective - right?
The fear I always have around companies like this is that you're playing a two-sided game, where you make money by convincing parents that it will help their kids in life but your actual work is trying to actually help the kids, and these two vectors point in different directions. It's easy to optimize for making money without actually helping the kids - the impact piece doesn't have a good feedback loop. If you want to help the kids then you'll have to rigorously measure whatever you can get your hands on, in order to improve the program.
- Kevin_S 10y agoYes basically. I definitely see your point - misaligned goals. I would hope that the level of impact would lead to great reputation and higher caliber students, pushing toward the best students and greater impact. Metrics is a piece I have thought a lot about, and the best way I can think of to collect metrics on the graduates would be making the alumni network very strong and making sure they get so much out of the experience they want to give back. But you are right - the metrics would not be easy.