Losing a third of students
Roughly a third of college students transfer at least once before earning a degree, according to a study cited by the Chronicle of Higher Ed today: The absolute number here is alarming. Higher Ed is a business wherein the customer (read: student) costs thousands of dollars to acquire, so a churn rate of 33% can significantly increase the fully burdened costs of a program — up to 50% more...
“If your actions inspire others to dream more,...
- John Quincy Adams
Declining unemployment may be a red herring.
I had dinner last night with an old friend who trades foreign exchange at a hedge fund in NYC. Because Forex traders tend to be very “macro” focused, I always take the opportunity to get his views on where the global markets are heading. Our discussion this evening eventually found its way to unemployment. My understanding was that unemployment has declined significantly from its...
3 ways to land a job in VC
It’s that time of year when I get about 2-3 weekly requests to meet for “coffee” with current students or recent grads who want to get into venture capital. I’ve found myself giving the same advice time and time again (as have others), so I decided to write a quick post with a few words of guidance. #1. Build an orthogonal network. The value of a junior person at a venture...
"Would you ever buy an electric vehicle?"