So, here is my challenge to you: Why don’t you put your
money and energy behind your convictions?
First, Thiel is already doing this with 20 Under 20. Second, Founders Fund just led a $33M round for Knewton [0], which is doing adaptive education.Third, the extent to which the beneficiaries of usurious student loans now find themselves on the back foot is amusing. "First they laugh at you, then they fight you..."
Wadhwa has realized that he can't simply shame the critics of higher ed into silence (as he's attempted for the last few years [1]), so now he's saying:
"We can now make education affordable and pervasive."
I don't think Wadhwa understands what this means. It means things like ai-class.org, ml-class.org, and db-class.org replacing large lecture classes. It means companies doing a lot more stuff like MCSE, and a lot less stuff like paying for people to do two years of an MBA. It means coworking spaces like biocurious at $150/month [2] replacing the expensive (and inaccessible) university labs.Most of all, it means obsolescing the higher ed business model of charging $60,000 per year [3].
In other words, while it's refreshing to hear people in higher ed finally start to acknowledge that the benefits they provide need to be greater than their costs, they don't understand that the solution involves the end of college as we know it.
How could it be otherwise when there is now a six-order-of-magnitude gap between the cost of watching a Khan Academy video ($0) and the cost of dozing through the same content in a Harvard lecture hall ($250,000)?
[0] http://techcrunch.com/2011/10/13/founders-fund-33-million-le...
[1] http://techcrunch.com/2010/09/25/students-stay-in-school/
[3] http://www.admissions.college.harvard.edu/financial_aid/cost...