Matt, thanks so much for your pitch. I completely agree with Carlo here – your skills as a marketer are impressive. The idea behind finding an ‘in’ between the funding and the actual delivery is solid, and I see the potential for a return on investment. I also love the idea of the disruption of an industry to drive innovation and progress. With that said, I have some concerns that would likely prevent me from investing in MeLearn. These are primarily ideological or philosophical in nature, as I see the evolution of a system with a tool like MeLearn as one that I’d rather not see happen. I tend to lean socialist and the idea of hyper-privatization doesn’t sit well. I also see a lot of soft skills and competencies that are implicit with large group education, and MeLearn might overcome this if it was partnered with a startup like HIVE (Mel’s A3) that helped organize group work. I wonder if teachers would be forced to a ‘race to the bottom’ as they scramble to market themselves as a high-value educator for a low price. This would exacerbate the teacher retention issues by removing any remaining incentives to become a teacher in the first place. Without strict language around class sizes teachers could have limitless classes, thereby turning them into MOOCs; a much less personalized form of learning that hasn’t lived up to the hype.
Ultimately, your presentation of ideas was really good. Professional and well-constructed. That I don’t agree with the philosophical underpinnings doesn’t mean I didn’t like it. I really appreciated your market projections and other statistics. Shows you did your homework and understand the potential. I wouldn’t invest for reasons stated above, but I enjoyed going through your pitch.