Joe Liemandt

Back to my economics, I need someone to donate 40 million versus, okay, well, let's build a really good business model.

that you can build a business model on it so you can open up 500 of them because capitalism will provide capital to this space.

Well, I mean, your best example right now is just we haven't done this at scale.

And so here's all these things, but it's in a limited group.

Easy for you to say you got all this money.

No, literally, you have infinite money, selection effect size, all those kind of things.

Absolutely.

Like, there's nothing in alpha today that would say there's a billion kids 10 years from now that's going to work.

Now, I shouldn't say nothing.

Holistically, the viewpoint is, well, there's seedlings of data here.

of trying to figure out, wow, look at some of these data points of what we can do and have been able to do, and then figure out how would you scale it.

But fundamentally, the best example is, okay, you're this really high-end private school, and you have all these adults, you have all this money around that.

The bigger one is, the biggest issue, and this is my product side, is

Education is hard because you have to define the product and your customer bases have very different needs.

This is why when I talk about public school being impossible, parents do not agree on what the purpose of an education is.

What a parent wants in education.

Big bundle.

It's a huge bundle and they're diametrically opposed.

They're diametrically opposed.

We're having that in Austin on the public school side where we have three schools that have failed standardized tests.