American - Businessman | -
I hated being a public company CEO.
John Katzman
CompanyBeingCEOHatedPublic
The thing about startups is you can make it, and if it's wrong you can remake it, and you can build a team that you want to have, a product that you want to have. You're utterly focused on your users or your customers and their needs, and trying to figure out how to meet those needs.
TeamTryingYouWrongWantMeet
The question was, in a sense, at Princeton Review, how much value was I adding as a public company CEO. I was adding less than other people might've... I think you want to move on when you've given your best work and then feel that you're not going to add as much value moving forward.
WorkBestMoving ForwardValueThink
I studied to be an architect. And I find tremendous similarities between building a company and the design process. Businesses have to do their planning on the fly in a fashion similar to an architect sketching.
FlyFashionBuildingPlanningDesign
I am always making sketches of how information should look or mapping out a marketing campaign. When I present my notes, people start responding to them. Desktop publishing makes everything look slick. When you present sketches, it helps start the dialogue and collaboration.
I AmPeopleCollaborationStartLook
I think 2tor has a chance of remaking higher ed in a really great way. If we do that, those investors will do well.
GreatChanceThinkWillWayWell
When I was a student at Princeton University, I was working part time in a grocery store. I saw an ad for teachers of a prep course. I don't remember what it paid, but it was easily double or triple the minimum wage.
TimeRememberStudentTeachersSaw
I'd never taken an SAT prep course. They were for weaker students.
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After graduation, I took a job with Manufacturers Hanover Trust in software development. I don't think I was there more than a month.
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The Internet rewards scale; by trading higher up-front costs for lower marginal cost, market leaders can invest in better technology and service. As a result, there is nothing online that is both great in quality and small in scale. Amazon wasn't originally a better bookstore than the small shops we mourn, but it is now.
TechnologyGreatServiceQualityNow
Traditionally, universities have seen size as potentially dilutive to quality. If you doubled the size of campus and faculty, most would argue that you would make it a less compelling school. However, online schools will be as good as their classroom peers only if they are large enough to afford a substantial and ongoing investment.
GoodQualitySchoolEnoughYouWill
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