Also, just out of curiosity, want to know why the 'No' for the two barriers and if you identified something different that would change the landscape.
134 karma · joined August 3, 2010
Also, just out of curiosity, want to know why the 'No' for the two barriers and if you identified something different that would change the landscape.
The challenge here is that the larger telecom companies (AT&T, Verizon) are required by law to sell their loops to other carriers, but there is a lot of CAPEX needed even with the fiber/copper look. It costs around $1000 per subscriber to bring a broadband TV service home even from the neighborhood (connecting from neighborhood to home and all the equipment in the home). This high CAPEX is a barrier for new entrants in this market.
Another reason why US is behind is that the US Federal Communications Commission (FCC) is not allowing the telecom companies in US to charge users based on their tiered internet usage. Therefore, price per mbps is flat no matter how much bandwidth you use. On the other hand, European telecom companies are allowed to charge extra for higher bandwidth usage.
Once these two barriers fall (cloud based home TV management and tiered pricing) there will be more competition in US.
The key here is timing. Its easier for Priceline to check on the bids with airlines because most of the airline systems support rapid data transfer. In the case of restaurants, it is difficult to predict and build a automated way to get 'approvals'. Therefore, the time it takes for them to get answer back from the restaurant will determine the success of uDeal.
The struggle with consulting is that you never get to 'own' any decisions. There is not much accountability between conception, design and implementation. From my experience with big three consulting firms, they are brought in by execs to either 'validate' a path that was already determined or to get contract work done for short-term. In both cases, there is very little impact you can have on the overall business.
In my experience, if you want to be a good entrepreneur, get a job where you can own decisions and implementation. You will make mistakes, but you will learn from them and can implement those learnings in your startup.
Its interesting to see your reaction to the criticism, especially that of being defensive (understandable first reaction). But if you look at the article objectively there are a lot of opportunities it creates for Khan Academy to be even more impactful than what it is today.
You are certainly a great teacher, orator and have the understanding of math and finance. However, one person cannot be good at grasping, understanding and teaching ALL subjects. Thats where you have an opportunity to enlist the best the the brightest teachers from US to create videos for you on subjects they are most passionate about. Why not create a video contest to identify in a democratic way who are these top teachers??
Also, just to answer your point about a teacher's ability to put 20 video online rather than writing criticism. The thing is that you have already gained a lot of fame and respect for your work and its a very difficult thing to do. Its unreasonable to expect a teacher to gain the same level of viewership now like you have. Thats why I say that take the interest that you have developed around you to uplift other teachers to bring up education as a 'whole'.
Otherwise, Kahn Academy will remain a closet work... Just my two cents...
Cheers Ritu
I wonder what is the correlation between people that start their companies after 30 and their long-term success rate...
To me, I feel like after my 4-5 yrs of work ex, I am more prepared to handle any situation and also have built a list of people to reach out to for guidance, help and just PR. Its important to have that under your belt so you can smoothly transition.
Another cool feature I really like is the ability for small bookstores to create their own storefront. That is a smart move. By opening the cloud, they will capitalize on the marketplace created by someone else.
I completely agree that meetings need to have a concrete agenda and should not allow anyone to monopolize air time. But they are important.