New Deck v2
The world’s first Product University
Problem 50% of existing jobs have potential to be replaced by software. Companies can’t hire enough engineers to build this software. Universities don’t prepare students for industry and can’t scale to meet demand. Over the next 10-20 years this will be the biggest limiting factor in global economic growth.
Reinvent the University Skills - Learn CS theory, product development and career skills Credential - Build a portfolio of products in lieu of a GPA Network - Meet professional founders and developers Time - Graduate in 2 years instead of 4 years Cost - Zero out of pocket cost instead of $200k in loans (tuition = 6mo internship earnings + 25% first 2 years salary)
Make School Traction
Sep 2014
Students
Revenue
11
$220k (seen in 2015)
Sep 2015
30
$2.7m (over 4 years)
Outcomes
Partners
Summer Academy supporting product
High school and college hackers learn to ship iOS apps Curriculum used by MIT, UC Berkeley, Carnegie Mellon $6k upfront tuition for 2 month summer program Scaled to San Francisco, Palo Alto and New York City Strong funnel into Make School
Summer Academy Traction
Jun 2014
Students
Revenue
120
$400k
210
$800k
Jun 2015
5 Year Goals 5,000 Enrolled Freshmen 7,500 Summer Academy Graduates $100m annual revenue (+ $240m deferred revenue) (deferred revenue means tuition repayments expected from graduated and 2nd year students)
Team Founders
Benji
Jeremy
Ashu
Jeremy and Ashu met in high school where they started building apps that made $50k and were featured by Apple. They dropped out of MIT and UCLA to found MS.
Alan
Curriculum Engineer Worked at IBM Spoke at AltConf, NSMeetup, 360iDev
Curriculum Engineer Worked at Twilio and Leap Motion Taught Int’l Math Olympiad Students
Head of Marketing Worked at ClearSlide and Buddy Media Liza
Investors
Mitch Kapor
Tim Draper
The world’s first Product University
Problem 50% of existing jobs have potential to be replaced by software. Companies can’t hire enough engineers to build this software. Universities don’t prepare students for industry and can’t scale to meet demand. Over the next 10-20 years this will be the biggest limiting factor in global economic growth.
Reinvent the University Skills - Learn CS theory, product development and career skills Credential - Build a portfolio of products in lieu of a GPA Network - Meet professional founders and developers Time - Graduate in 2 years instead of 4 years Cost - Zero out of pocket cost instead of $200k in loans (tuition = 6mo internship earnings + 25% first 2 years salary)
Make School Traction
Sep 2014
Students
Revenue
11
$220k (seen in 2015)
Sep 2015
30
$2.7m (over 4 years)
Outcomes
Partners
Summer Academy supporting product
High school and college hackers learn to ship iOS apps Curriculum used by MIT, UC Berkeley, Carnegie Mellon $6k upfront tuition for 2 month summer program Scaled to San Francisco, Palo Alto and New York City Strong funnel into Make School
Summer Academy Traction
Jun 2014
Students
Revenue
120
$400k
210
$800k
Jun 2015
5 Year Goals 5,000 Enrolled Freshmen 7,500 Summer Academy Graduates $100m annual revenue (+ $240m deferred revenue) (deferred revenue means tuition repayments expected from graduated and 2nd year students)
Team Founders
Benji
Jeremy
Ashu
Jeremy and Ashu met in high school where they started building apps that made $50k and were featured by Apple. They dropped out of MIT and UCLA to found MS.
Alan
Curriculum Engineer Worked at IBM Spoke at AltConf, NSMeetup, 360iDev
Curriculum Engineer Worked at Twilio and Leap Motion Taught Int’l Math Olympiad Students
Head of Marketing Worked at ClearSlide and Buddy Media Liza
Investors
Mitch Kapor
Tim Draper
The world’s first Product University
