Joe Liemandt

And my view is with Time Back, we have to show here's a platform, but you can build great businesses on this.

And you have to be able to build great businesses in order to attract great talent.

It's a trillion dollar market with no good products.

The economics historically...

of education having to work, this completely changes it.

I believe we're going to show, I mean, we're in the cash burn phase and we're burning hundreds of millions of dollars building all this stuff out.

It's just like anything, which is, it's a huge market.

And if you have an awesome product,

The one element is, if I was talking to an entrepreneur where everybody's like, don't go into education, can't make any money, it's terrible, it's failed, all those things.

Great products.

Parents will absolutely pay for great products.

Societies pay for great education.

We spend a trillion dollars for a relatively bad product right now.

As an entrepreneur, if you look at this, you build a great product, you actually can build great customer base, and it doesn't have to be a money-losing nonprofit that's supported 100% on donations, which is the world today.

You can't sustainably grow.

Part of the problem on schooling today is everything has to be nonprofit.

the organization or nonprofit.

And so then you just caught on scaling.

There are good school system, charter schools out there where their gating factor is, well, I'm waiting for someone to give me $40 million so I can build a campus.

I've got a 3,000 person wait list.