Motley Fool Money The Future of Education
Jun 14, 2019
David Gardner, co-founder of Motley Fool, interviews Chip Paucek, CEO of 2U, a leader in digital education. They explore the transformative role of technology in higher education and how 2U partners with universities to offer innovative programs. Chip discusses the financial challenges in education and alternative funding models like income share agreements. The conversation also emphasizes the importance of community engagement in digital learning, culminating in a heartfelt message for graduates about the future of their education journey.
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2U's Business Model
- 2U partners with universities to create high-quality online education programs, eliminating geographical barriers.
- They also offer alternative credentials like boot camps and certificates.
2U's Revenue Model
- 2U shares tuition revenue with universities, taking around 60% for their services.
- These include student recruitment, support, and placement.
Leading by Example
- Chip Paucek pursued an MBA at UNC while running 2U, even doing an IPO during the program.
- He took classes internationally, demonstrating the flexibility of online programs.