Stanford University

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• neutral assessment Daphne Koller

  it does and it's a very also very difficult for the instructor it requires a fair bit of work from the instructor to have that um and since you know creating an online course is already a pretty labor intensive thing for the instructor if you added this additional requirement on top of them we're going to get get a lot fewer courses being created

• neutral assessment Daphne Koller

  doing this for several thousand courses is going to be prohibitive in terms of the labor

• neutral assessment Daphne Koller

  general purpose adaptive learning is actually kind of hard um to implement it's a very intense it's a very labor intensive process to take a single even a single course and identify the concept maap for it and align specific assessments with the with the associated Concepts

• neutral fact_claim Daphne Koller

  right now if you're charging for it so it's a commercial use it's against our terms of service so it's analogous to you know you can rent a movie from Netflix for individual use but you can't show it in a movie theater for 50 people and charge for it

• neutral fact_claim Daphne Koller

  so right now we're actually able to offer courses in seven different languages I mean English is still the largest but we have courses in French um in Spanish Chinese Italian German and Arabic is our most recent language

• bullish assessment Daphne Koller

  I think the Next Generation already prefers this mode of Education um I think people get weary of sitting and in fact they find it disconcerting to walk into a college class and and be lectured at I mean currently it's not 100% but a good I would say over 50% prefer U maybe about 2third prefer this mode of instruction I expect as people get accustomed to the idea that it's okay for the professor to provide value in ways other than standing and lecturing that fraction will grow

• bullish assessment Daphne Koller

  I think it's a combination of different things first of all it's the technology itself um both the backend things like cloud Computing is absolutely essential to the success of this I mean if we had to build our own server Farms we would be dead in the water

• neutral fact_claim Daphne Koller

  our largest uh is is is large much larger than China not because of uh I think lack of interest in China and education but a combination of language and firewall issues

• neutral fact_claim Daphne Koller

  completion rates well it varies from country to country but I think it's comparable or potentially even higher depending on the country than than in the United States

• neutral fact_claim Daphne Koller

  only a third of our students are us the rest are non- us 40% are in the developing World

• bullish fact_claim Daphne Koller

  signature track increases this verified certificate increases retention rates so people sign sign for that have some skin in the game they complete at a higher rate than the people who don't

• bullish assessment Daphne Koller

  of the people who submit the first homework which is a relatively low bar of intent to complete 45% complete the course of the people who sign up and in an entry survey declare that they have a high level of commitment to complete the course 84% complete the course

• neutral fact_claim Daphne Koller

  our completion rate is about 8% on average

• bullish assessment Daphne Koller

  we think this is a tremendously empowering thing that will much greatly increase um the success rates in these programs

• neutral fact_claim Daphne Koller

  most of that a very large number is actually coming from institutions like the for-profit universities very little of it is coming from undergraduate programs in either public or private institutions the public because the tuitions are actually fairly reasonable in most public institutions and the privates because the students that have Financial need do get financial aid by and large so if you talk to universities including places like Stanford with its very high tuition rates students don't em

• bearish criticism Daphne Koller

  I think that one has uh at this point other Alterna atives for getting a great education for a very for much more cost eff in a much more cost effective way and and I think that um university of Phenix should think about how it could provide value for its students that are um that is more commensurate with that

• neutral assessment Daphne Koller

  I think that one of the strengths of the University of Phoenix that they have done and I think they should be commended for that is first of all this sort of notion that education should be something that we should use to uh appeal to as many people that can benefit from it as possible um and I think that the flexibility that off that is offered by an education that is largely online and the way in which it caters to a working adult and the lifestyle of somebody who has two jobs and three kids a

• neutral fact_claim Daphne Koller

  I want to correct the impression that it's only you know content going from Stanford to community colleges

• bullish assessment Daphne Koller

  it's a credential that carries the university brand so it has the full weight of our top university behind it

• neutral prediction Jason Calacanis

  some folks are even going to let you get degrees from there

• neutral fact_claim Daphne Koller

  leading in the fall of 2011 to the three large Stanford classes that Stanford Stanford put out um in computer science that each had an enrollment of 100,000 students or more

• neutral fact_claim Daphne Koller

  the whole open course Weare direction of let's take content that has been available until now only to a tiny handful of privileged Stanford students and put it out there

• bullish assessment Daphne Koller

  improving the quality of Education that we offered to our own Stanford students by doing what's called now flipping the classroom

• neutral fact_claim Daphne Koller

  the corsera has been percolating if you will not in any way as a as a goal as a Stanford project for the last five years or so

• neutral fact_claim Jason Calacanis

  the um idea grew out of some experimentation she did at Stanford

• neutral fact_claim Cameron Teitelman

  the money goes back to the operating budgets of the nonprofits

• bullish assessment Cameron Teitelman

  we've already had some pretty big exits already and we have a we have um some companies on the billion dollar track

• bullish fact_claim Cameron Teitelman

  it's a partnership with Stanford University Stanford Healthcare which is the hospital and stardex and so the money comes from Stanford Hospital which is now branded Stanford Healthcare and Stanford University got it and it's just their money

• bullish fact_claim Cameron Teitelman

  if you take Stanford Founders who went independently through angelist whatever and then compare them through the stard deck ones stardex ones the stardex would be some percentage higher yeah so we're uh at least a million on average higher than the rest

• bullish fact_claim Cameron Teitelman

  our companies get really high valuations as well on average we're like a step function up from all other Stanford Founders

• bullish endorsement Cameron Teitelman

  you get go through stardex you're the cream of the crop of Stanford internationally that really helps our companies

• neutral fact_claim Cameron Teitelman

  what I will say Stanford companies get that as well overall they do but why com companies get a little bit more don't they depends yeah I mean oh yeah as as an average as a CL sure as a class

• neutral fact_claim Cameron Teitelman

  Stanford agreed to give us a big Grant about 1.2 million a year

• neutral fact_claim Cameron Teitelman

  we made a formal partnership with Stanford University

• neutral assessment Cameron Teitelman

  if there was some better structure to um make the overall Stanford ecosystem system more efficient

• neutral fact_claim Cameron Teitelman

  Stanford alumni Founders have um founded 40,000 companies and that's 2.7 trillion in annual revenue which makes it the 11th largest country

• neutral fact_claim Cameron Teitelman

  I went out and talked to a couple hundred Stanford alums everyone from the you know LinkedIn PayPal guys to a lot of people who failed and tried to figure out if there's some sort of pattern between the ones who succeeded multiple times once and the ones who failed and there actually was a really clear pattern

• neutral fact_claim Cameron Teitelman

  it was in 2009 I was actually an undergrad at Stanford and I was building companies and um what happened is I kind of was a bit frustrated with the entrepreneur ecosystem as a whole

• bullish assessment Jason Calacanis

  this is an amazing story of a 26-year-old who is super smart and was part of the cast of lay Miz on Broadway I mean this is like some Savant kid who created something thing in the valley that is competitive with white combinator as good as white combinator according to the people I talk to and he did it all as a nonprofit

• bearish assessment Unattributed

  if you take stanford and do three things you first of all do away anything that's not education like tenure and the pretty campus and the football team second you digitize everything can be digitized anything repetitive or one-to-many you digitize and thirdly the one one-on-one you outsource we actually outsource um our services then stanford tuition should be 733 a year

• bearish criticism Unattributed

  if you look at stanford's tuition right now it's forty five thousand eight hundred dollars a year complete different ballpark

• bearish criticism Unattributed

  i never found university saying we have to build this because companies want it i found it to be very ivory tower that professors were basically building stuff to extend their research so that they could get grants so the incentives in higher education have become just totally misaligned in a way

• bearish criticism David Friedberg

  so it's much less than stanford the most i can spend with you is thirty six hundred dollars a year

• neutral fact_claim George Zachary

  the people that went through his the first batch of people had had scores that matched people at stanford

• bearish fact_claim Sebastian Thrun

  the top 412 were online students the strongest Stanford student was number 413

• bearish criticism Sebastian Thrun

  it's just so archaic it's like so 19th century I felt like we don't reach many people it's a very elitist system

• bullish fact_claim Cameron Teitelman

  and why are Stanford companies in aggregate the sixth largest country as far as GDP so they're tied for Germany with Germany as far as GDP creation

• neutral assessment Cameron Teitelman

  the entrepreneurs are generally much more humble or the successful ones and I think Stanford gets a bad rap sometimes on the humility front

• bullish assessment Cameron Teitelman

  Stanford focus a lot early on on like design and having design thinking be very prevalent across all of its programs and so I think that that helps

• bullish assessment Cameron Teitelman

  our companies reach a hundred million dollar valuation twice the rate that YC companies do yeah because you're dealing with a pool of people as you said who already have been accepted to Stanford which is one of the hardest tickets to get into

• neutral fact_claim Cameron Teitelman

  there was kind of this grant that was kind of like a management fee for that for that fund that Stanford was a I was there like a bridge loan that they gave us to get up on our feet and have our own revenue stream

• neutral fact_claim Cameron Teitelman

  we've had this fund called the Stanford startx fund which is an investment vehicle that we started with Stanford University in Stanford Hospital his wares that were not proper from them but you know lots of intermingled stuff there and that that fund deployed around two hundred million dollars over seven years and about I think we made something like 700 investments in about 500 of the companies bunch of follow ones