Everything Manan Khurma said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Khurma: Many EdTechs spend ₹1L to acquire customers worth a fraction
“I know of many cases where the cost of acquiring a customer, when you factor in all the real costs, is upward of a lakh, and the LTV is like one fourth of that, or like one third of that, right? So, these are businesses where just money is being sunk in, and n…”
Khurma: EdTech turmoil will settle within a year as new winners emerge
“This noise will settle. It will settle over the next few months, or maybe a year or so. And then a new crop of education players, and I'm consciously not using EdTech, I'm using education, because education is the goal, as I said, a new crop of education playe…”
Khurma: Traditional Schooling Model Will Be Disrupted Within Two Decades
“In today's age, there's no way That model will continue beyond a few years or a couple of decades from now. It's bound to be disrupted in some way. So we will see a lot of new formats, a lot of new kinds of platforms emerging, and I do think some of them will …”
Khurma: Traditional schooling stifles natural curiosity by optimizing for wrong metrics
“I think everyone starts out great. If you take, let's say, 10 kids, all of age five or age four, you know, and if you look at their ability to think, or be curious, or be creative, all of them will be great in certain ways, right? The divergence starts to happ…”
Khurma: Real learning cannot happen in 30:1 or 40:1 classroom environments
“For real learning to happen in that kind of a setting is simply not possible. Yes, you do pick up other skills, and you pick up social skills, and so on. You form friendships, and I think that part is also important. But learning is not happening. Learning won…”
Khurma: Students pick video games over math because textbooks lack engagement
“The reason a student is choosing to play PUBG today versus reading their math book is because the math book is just not that engaging. It's not the student's fault. It's not that engaging, right?”
Khurma: Standalone learning apps fail without high-dosage human tutoring
“I believe that the closer you stay to this end, which is aristocratic tutoring, which is a tutor working with your child one to one as much as possible, which is also called, for example, high dosage tutoring in education literature, right? I think that has a …”
Khurma: Khan Academy has low completion rates due to lack of human interaction
“Even for Khan Academy, for all the good content it has, the completion rates are not very high, you know, because students ultimately tend to, you know, just switch off and not be motivated to complete the course and so on.”
Khurma: Education Startups Require Seven to Ten Years to Build Trust
“The fundamental law of education is you need 10 years to build something valuable, something that the ecosystem trusts. Students trust, parents trust, and so on. After that, it's great growth. After that, there's no stopping you, as long as the market is large…”
Khurma: Cuemath will cross $50M in revenue within 12 months
“In terms of the revenue scale, we'll do something over the next 12 months, we'll be, we'll cross fifty million in terms of revenue, so we've been growing very nicely.”
Khurma: Cuemath pioneered India's gig teacher model
“So we pioneered this gig, Like teacher model in India. We were the first ones to do it.”
Khurma: Price discounting is a failed strategy in education
“In education and healthcare, again, these are not commodity or transactional businesses, right? These are businesses of trust. And, ah, funnily, the way a consumer might interpret a higher price is higher quality. So, price undercutting is a very, very bad str…”
Khurma: EdTech startups should ramp down performance marketing after initial launch
“You can get your initial zero to one done with performance marketing and, you know, get your initial student base, but then you should steadily have a plan to ramp it down and not rely on it at all.”
Khurma: Education startups that ignore student learning outcomes will fail
“If a education organization that does not focus on creating those outcomes, they are bound to fail in the long run.”
Khurma: Status quo of educating young learners will not survive shrinking attention spans
“So, the attention span of humanity as a whole is going down, is fragmenting, right? And information overload will only continue to increase. It's not going down. So, I think expecting that status quo will continue on how we train our young ones, how we train o…”
Khurma: Hyper-personalized learning must replace one-size-fits-all cohort education
“First, we have to move away from this traditional one size fit all approach, you know, where like this one teacher is working with 40 students at a time and so on. I think this is, we are entering an era of hyper-personalization and hyper-customization where y…”
Khurma: Complex problem-solving collaboration will replace the lone genius era
“One of my theses, for example, is that in this century, one of the skills that will become really important is the ability to collaborate with each other. The ability to collaborate and solve complex problems, right? The future of work is all going to be about…”
Khurma: Math fluency will become increasingly critical to children's career opportunities
“And in, in the context of today's, you know, rise of technology, math fluency is only going to become more and more important. If you are okay letting a kid not being math fluent, that's going to Severely constrain the kids' future opportunities and, you know,…”
Khurma: Fact memorization has lost educational value compared to creative reasoning
“There's no point anymore in teaching students facts or helping them memorize things that, you know, can instantly be looked up on Google, for example. What will become valuable is the ability to think new things, is the ability to be creative.”
Khurma: Cuemath instructs teachers to be questioners rather than concept explainers
“One of the things we tell our teachers is that your job as a teacher is not to be an explainer of concepts, but to be a questioner. You need to question rather than explain.”
Khurma: Teachers fail unless conceptual patterns are replicated in students' minds
“A great teacher is someone who can get the student to get that same mastery replicated in their head. So there's certain mental patterns in my head around, let's say, some idea or some concept. Unless and until I get that thinking replicated in my learner's he…”
Khurma: Education fads and hype advertising inevitably collapse because trust relies on word-of-mouth
“Education is inherently very, very driven by word of mouth. So if you have some short term fads coming in, you know, or some, let's say this advertising of this kind and so on. Yeah, it may take hold for a certain amount of time, but ultimately people will see…”
Khurma: Mathematical thinking is foundational for all analytical careers and will grow in importance
“I think when you look at all the analytical skills, whether, and all the analytical professions today, data science, statistics, AI, ML, Product management, for example, and so on. All of it has math thinking at its core. If this is a solar system of skills, t…”
Khurma: Kumon Generates $1B in Annual Revenue With Over 500k Students
“In the US, it has a fairly big presence at this point. It has, I think, more than half a million students. It has a billion dollars of revenue per year. So that's one example of an after-school learning company that I know of that has scaled really well.”