If ever EdLab should have been at an event! On November 16th, MIT/Stanford Venture Lab (VLAB) held a sold out panel entitled, “De-Classifying Education.” Panelists and presenters included the following educational entrepreneurs: Osman Rashid, CEO and Co-Founder of Kno, Inc; Salman Khan, Founder of Khan Academy; and Glen Moriarty, Chief Exec. Officer and Co-Founder of NIXTY.
Some questions that were addressed were:
•Can programs initially funded by grants establish strong enough business models to make them sustainable and ultimately profitable?
•Can online education be as engaging as the physical classroom?
•Are these claims a new line of the "same old rhetoric" or will entrepreneurs be able to change a seemingly “hopeless” industry and finally be able to make lasting changes
•How to be profitable while revolutionizing the field of education?
According to RWW, When the topic of “disruption” in ed came up, both Moriarty and Khan argued that the future of educational content will be free and open. Contrast this with Rashid’s zeal to jump into the $88 billion market for ed tech and you can start to see why the future of ed as an enterprise is murky.
What will happen to that plump and primed market if educational content is made free and open?