Backstage Interview With Mike Stanton
Lesson 4 from: Secrets From Silicon Valley: BackstageCreativeLive Team
Backstage Interview With Mike Stanton
Lesson 4 from: Secrets From Silicon Valley: BackstageCreativeLive Team
Lesson Info
4. Backstage Interview With Mike Stanton
Lessons
Day 1
1Backstage Interview with Dale Stephens
30:43 2Backstage Interview With Allana Rivera
17:45 3Backstage Interview With Pam Slim
35:24 4Backstage Interview With Mike Stanton
10:29 5Backstage Interview With Brian Solis
28:02 6Backstage Interview with Craig Swanson
17:14 7Backstage Interview With Niniane Wang
14:50Steve Rennie on The Business Music
16:24 9Mika Salmi on The Future of creativeLIVE
32:42 10Backstage Interview With David Goldberg
19:30 11Panel: The Creative Process
24:45Day 2
12Backstage Interview With Reid Hoffman and Ben Casnocha
16:56 13Backstage Interview With Mitch Gordon
18:19 14Backstage Interview With Rachel Masters
25:39 15cL's Megan Zengerle on Hiring for Growth, Being a Female Exec
14:16 16What Makes a Great creativeLIVE Workshop?
24:43 17Backstage Interview With John Stepiani
16:13 18Backstage Interview With Guy Kawasaki
12:01 19Backstage Interview With Green Barrel Wine's Limor Allen
16:53 20Behind-the-Scenes - creativeLIVE San Francisco With Chase Jarvis
13:18 21Backstage Interview With Toni Schneider
19:02 22Panel: Solving Your Biggest Business Challenges
57:33Lesson Info
Backstage Interview With Mike Stanton
Michael, tell us a little bit about learn capital for the folks here in the folks at home. And then we'll chat about what you're seeing in terms of trends in the education technology space. Sure. Ah, learn capital is the most active early stage investor into education and learning were based out here in the Bay Area. Silicon Valley. Have four partners have a portfolio of ah, little under 40 uh, 40 companies. Um, kind of all of which are, uh, you know, emerging growth companies. A lot of them are still at the to 5 person kind of trying to figure out how to rapidly scale phase, and a lot of them have moved on. Teoh raise the series air. Siri's be our most famous company is probably add Moto, which is over 20 million users here in the U. S. And around the world. It's a K Social Learning Network. Another famous companies Bridge International Academies, which is the most rapidly growing school in the world. It's based in Africa, in East Africa, in Kenya, and it is an ultra low cost privat...
e school that is very scalable and delivers education kind of above and beyond what government schools are able to do, and it zey live in person. There lie room in person, no technology. Uh, well, all of the companies that we invest in our technology enabled, at the very least, but the primary delivery is in direct, right? What connections In person? Yeah, yes. Um, so at learned capital, you have visibility into basically everything that's happening in you. Look at basically, every every company, every deal. It's happening in the tech space. We like to think so. And we try certainly as much as or more than anyone else out there. What what are the? You know, if you could give us, like, you know, a couple bullets in terms of the big trends that are happening and how the transformation that you're seeing? Uh, sure. Well, it's, you know, they ask you the biggest possible question. Yeah, um uh, hopefully I can I can answer that quickly. Uh, but, you know, it's it's hard. Teoh overstate the importance of the ubiquity of devices now, right, Like we've moved towards an interconnected world very, very rapidly, and that's only increasing as more more people of smartphones tablets are are becoming more ubiquitous more quickly than any other you know, technology medium on the planet. Uh, more, more people have Internet access. And so, um, as a result, uh, we're all interconnected, and that creates this enabling infrastructure for a lot of the innovation that's happening in education. Um, you know, and in terms of investment themes, you know, we're seeing social as a paradigm for company creation, for product product creation and for education delivery. So more and more things kind of look and feel like social networks. You're participating with people, you're around people, you're collaborating with people. You're getting peers to review your work, etcetera. And that really creates ah, either synchronous like creative live here today or asynchronous experiences that are web enabled and can be delivered to more people out of lower costs than ever than ever before. It sounds like we're essentially reinventing education along the lines that the society is traveling. Education system was largely invented during the industrial era to turn out, um, a lot of students who looked the same a standard degree with a fairly standard skill set from high school. Then, you know, secondary air university education a little bit more specialized for some white collar stuff, and it wasn't a two way participatory situation. It was your learning, your memorizing. It's coming top down. And now, with distributed networks and more social, more pure feedback, it's the connected social kind of Facebook model of the world where it's it's far more more laterals What it sounds like yet that that is a team trended. What we see, another thing we're seeing is on bundling or dis aggregation. You know, if you think of school, it's really this, like physical location in which we experience all the services that you get during your education. And we're seeing a lot, including lunch, uh, lunch, right cereal, part of the experience. But, uh, certainly there are service providers that come into schools that, um, can do certain pieces much more efficiently and at scale eso that's happening at the K 12 level. One of our favorite companies, Bloom Board, is introducing new teacher evaluation platforms, things like that on, and then at the higher ed level, you see, you know the rise of micro credentialing. You see, you know new ways to represent work online, new ways to access courses and course materials um, one of the things that we're seeing We call it the move to inscription content. Ah, an inscription is a word that describes, um, increasing the memory or the ability for you to remember the content that you experience, right? And so more and more content is now game ified, interactive multimedia, multi channel multimodal. Ah, and it increases the probability that you're going to remember that content and perform well, Reproduce it when you need it. Not just a textbook, right? Not just the Yeah, Yeah. Textbooks are probably the first thing to really go so well when you think about the educational process, I had to break it down into kind of four stages. And I don't know if these air right or wrong, this is how I think about it. Did the first stages information delivery And that could be a textbook. It could be a video. It could be a teacher in front of a classroom lecturing and with the Internet essentially makes information delivery that takes that off the table. That that's table stakes. You got YouTube. You've got Wikipedia. If you are basing your value on information delivery like you're dead and I'm talking about classic classrooms, Teacher in front included. Because they can watch a YouTube video presented in a more entertaining, engaging way from a teacher who is better. Probably a better performer. Then you know the whoever's in the classroom. Ah, and so you have to. You have to provide different values lower on in the process, which are kind of, uh, practical repetition. You have to internalize the information so the the drills and the skills and and working through problems together than practical application, where you go out and apply that to real world world skills. And ultimately, you know, it's kind of a demo format, and then you actually have to get out there and get paid in some real world application, which is not very well defined. Four steps. That's kind of how I think about it. Um, that's a pretty good out like and so in fast forward five years because things have been disrupted so quickly, how how do you think employers are going to be? What are they gonna be looking for in students that are coming through this kind of new disrupted educational process? Is it still just probably, you know, sort of a big question, but I think that's, you know, probably the primary question on people's minds. Really, since the great recession, you know, which is global in nature. Ah, and there, uh, McKinsey put out a report that said, they're gonna be 85 million unfilled knowledge, worker jobs across the world. And there just happened to be 75 million people between the ages of 17 and that are out of work and doing nothing s o That that skill gap globally is is this huge, gaping question that a lot of really brilliant people and, uh, people in government and industry are thinking about, um, so and probably the thing we're most excited to be investing in over the next couple of years is the line right around this skill gap and the line between being able to reach up and get a job or create opportunities for yourself that are, like, slightly out of reach. And how how do you How do you get that within reach? Right. Um, I they're kind of two trends that directly answer your question. Um, so the first is the rise of this articulated need for creative problem. solving collaborative. Um uh, employees at knowledge working cos right. And those air actually foundational skills that a lot of people are graduating our high schools from lacking right and even graduating our colleges from lacking. And so most employers say we want to hire more people. We can't find the people that are creative enough, but our collaborative enough that problem solved that can really come in and solve their solve our business issues. Um, the other the other trend is the continual need for up skilling. So a lot of the jobs that are that are being created right now are on the forefront. Like that job literally just got a title in the past three years. Like data scientists or something. Right? Right. And so now there are all these companies looking for data scientists that as a field that didn't even exist until, like in the past, like, seven years, right? And so how do you then, um, continue to re skill the model of college, this idea that you go for four years, you get your b A and then you never need to be re educated ever again in your life is not as relevant as it used to be. That doesn't mean you shouldn't go to college necessarily. Dale has good answers to that. But, um, but there is more need than there ever has been for continual re Skilling and upgrading, uh, your skill sets and your knowledge base throughout your career and simultaneously, employers are saying it's not our responsibility. It's the individual's responsibility that creates a unique opportunity for for companies like yours, absolutely. And so being entrepreneurial and re educating yourself in constantly improving your skill set is a requirement. Whether you are out on your own or still working for another organization. I am being told that it is time Teoh head back to Studio C for the main stage. Michael, thank you so much for coming by and hanging out with us. And ah, with that, we will kick it back over