Traditionally, education took place in the first ~20 years of life. This was fine in an industrial-centric world. But in a tech-centric world, that model no longer works.
Education will be lifelong & workers will reinvent their skills again & again 👇
1) While tech has reinvented sector after sector, education has been largely untouched.
Costs have gone up: the cost of education is growing 8x faster than real wages & Americans hold $1.5 trillion in student debt.
Plus, COVID showed us how ripe education is for reinvention.
2) Most education spending is spent in a learner's first 17 years.
But the skills demanded by the labor market are evolving faster than ever: tech accelerates the pace of change.
85% of today’s college students will have jobs in 11 years that don’t currently exist (!).
3) The solution is lifelong learning: refreshing skills again and again throughout a career.
"Horizontal" skills will be taught early in life. These lay the foundation for being able to learn again and again.
Then vertical, job-specific skills be taught through a lifetime.
4) The World Economic Forum estimates that closing the skills gap could add $11.5 trillion to global GDP by 2028.
We'll see a shift toward skills-based education. It's unlikely the government can shoulder the costs. More employers will pay & private-sector solutions will emerge.
5) A new study found that 53% of Americans would switch to a new industry if they could retrain.
Lifelong learning will give them that option.
Today’s graduates are expected to hold between 15 & 20 jobs (!) over the course of a career. Education will evolve to meet that future.
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A countertrend to the unbundling of Microsoft Office and Google Workspace is the *rebundling* of work.
The proliferation of productivity & collaboration tools is actually making work more complicated. This creates an opening for tools built for organization & focus.
The "unbundling" of Microsoft Office and Google Workspace has been one of the most important tech trends of the past decade.
Elegant, best-in-class products have won with product-led, bottom-up go-to-market motions.
Thread below 👇
1/ In 1990, Microsoft reinvented work productivity tools with its Office suite.
In the 30 years since, Office has grown to 1.2 billion workers. Once-groundbreaking products like Microsoft Word, Microsoft Excel, and Microsoft PowerPoint have become synonymous with knowledge work.
2/ In 2006, Google launched G Suite (now called Google Workspace).
Google Docs, Sheets, etc. reinvented work again by introducing real-time cloud collaboration.
How Google squandered its lead in productivity / collaboration tools I will never understand 🤦♂️
Technology and regulatory changes are both making investing more accessible.
At the same time, we're seeing a massive shift in the cultural mindset from "renting" time to thinking like an equity holder.
Thread 👇
1/ Until the past few years, you had to make over $200K a year or have a net worth over $1M to make angel investments. The rules were incredibly restrictive.
The SEC recently changed the rules to make angel investing more accessible (though still not available to everyone yet).
2/ As a result, we're starting to see more venture rounds include employees, creators, customers, and everyday people: