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There’s also plenty of money to go around in Silicon Valley right now, and many startups have become way too focused on raising seed and Series A financing, which can be detrimental to the system and a distraction for founders. However, while these startups should be recognized for their mission-driven approaches, some of these startups evidence undercooked business models, obviously a problem for for-profit businesses when the funding (if there is any) dries up. Startups like Khan Academy, 2tor, ShowMe, Udemy, Udacity, Grockit, Coursera, and StraighterLine are all beginning to show how easy it is to flip the educational process - in other words, to use video and advanced web platforms to make learning more affordable and effective. Luckily, a number of startups are tackling the problem, which, along with the maturation of online content distribution channels, are helping to lower the cost of higher, primary, and continuing education - both making it easier for teachers to do what they do best as well as transforming learning into something that’s more engaging and personalized for students. Yale, for example, recently decided to add 250 students to its incoming class, which came with a price tag of a quarter of a billion dollars. Higher ed institutions struggle with the cost of expanding to meet demand. Student loan debt is over $1 trillion, unemployment remains high for the recently graduated, and non-traditional students - older people, single mothers, workers looking to re-train - are returning to academia and learning programs in droves, putting even more competitive pressure on already-scant on-site resources. is in “a dilly of a pickle.” At the risk of sounding like a broken record, the cost of education has become unsustainable. As Ned Flanders would say, education in the U.S.
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