Zoom University: Is Covid The Ultimate Higher Education Disruptor?
When we think about industries that immediately got hardest hit during the pandemic, the images that come to mind include restaurants, travel, theater, sports and - higher education. In the US alone, higher education is almost a three-quarter-of-a-trillion dollar sector. To help us understand what the disruption and the coming transformation might look like, we sit down with my friend Daniel Pianko. Dan has a long venture investing career in the higher education and training sectors. Dan himself is a disrupter. He is co-founder and managing director of the investment funds University Ventures and Achieve Partners. Is the college economic model offering being turned upside down right now? Or due to Covid, is the trend accelerating even faster than Professor Christenson every imagined? And if so, what comes next?
Call Me Back - with Dan Senor · Daniel Pianko, Dan Senor
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Show Notes
The price of college has been skyrocketing over the past few decades, escalating far higher and faster than the rate of inflation. According to one study, the cost of tuition at many schools is up by well over 1000% in less than a half century. For what? What about the product offering has actually changed? That’s a question that came into sharp focus as millions of students last March flocked to Zoom University...overnight.
As recently as three years ago, one of my favorite business school professors, the late Clay Christensen, predicted half of all colleges in the US would close some time this decade...that their business models would be unsustainable and would be disrupted. And, then, of course, there was the pandemic.
So, was Clay Christensen right?