What does a game changing educational technology company look like? Well, education can be so broadly defined, but the reality is – unless one is lucky – it takes what I refer to as the Big 3. No, not Ford, GM, and Chrysler. I am talking about a subject matter expert, entrepreneur/business guy, and a technology team. This is the holy grail and when one finds this, magic will happen. I am sure you are thinking – ‘this is not incredibly insightful, this is the truth for any technology company.’ Well, at some point in every technology company’s lifecycle this is true, But for education-focused companies this really needs to be there in some way, shape, or form at the outset.
All three parties must be dedicated on improving outcomes and approaching education the right way. Understand that the system is broken on so many levels, but really think about the different avenues to penetrate it system to make peoples’ lives easier on all fronts. Another fault I see with the leadership of educational technology companies is they are chasing the dollars and market opportunity instead of focusing on creating real value and massive wealth.
The point of this rant comes down to one thing, recruit a bad ass team dedicated to the cause.