The Ledger, every show

“So one startup based in San Francisco is called Basis, and they're using unlicensed but trained people in the community to basically serve as therapists.”

“The number of applications is shrinking across the board, and the institutions that historically were thought of as immune to this, so Harvard Stanford, GSB, Wharton, the top, top business schools, They're now experiencing this, too, where they're seeing year …”

“But I think with the internet and now with all of these programs and like the availability of reviews and the availability of like various assessments and other measurements of a student's competency and mastery of a subject, I think the era of accreditation i…”

“And so in other words, we're looking for categories where there's a lot of demand that is being unfulfilled today. And so that leads us to what we think is next, which is regulated services and marketplaces that address regulated services.”

“I think in this next cycle, someone is going to crack that and design a game economy that is actually sustainable and functions.”

“I think you can get there with pretty simple game dynamics like what Neopets had. Neopets was literally playable on a dial up modem. And so I think those are the games that are going to figure it out first in advance of the AAA games that probably will take fi…”

“And I think that same question was posed to university presidents by Pew Research, and I think only 50% of them said that the purpose, the main purpose, was to get a job.”

“All of the DeFi protocols are still working, but they've been incredibly resilient during this period of broader turmoil. And I think it's really important to note that because in those instances and in the DeFi world, users know exactly what is happening with…”

“I think UCLA ran a survey a few years ago, surveying their students as to, like, what is the purpose of college for you? And 80% of them said to get a job.”

“So in the past few years, the nature that these programs are monetizing has really shifted from upfront tuition payment, which has been the traditional higher ed business model to now more and more programs are offering income share agreements or ISAs.”

“To date, there haven't been large outcomes in this space, so we're keeping tabs on it, but wondering if there can be a large exit or a large outcome here.”

“In China, it's like an extremely competitive career path. Very few students are accepted to teaching schools. Very few of those graduates get accepted to actual teaching jobs.”

“I think the Bureau of Labor Statistics has a statistic that only seven percent of the services that we purchase are digital.”

“And basically every single category now has its own specialized marketplace that tackles just that particular category.”

“So, during the entire lifetimes of both of those companies, there's always been an excess of demand, and supply has always struggled to keep up.”

“Psychiatrists are out of network, and so they can charge prices of, you know, even 600 dollars an hour, and so this is really a product that most people can't access”

“And instead of taking the top-down approach of they decide what the class should be and what the curriculum is, it's instead of A bottoms up motion where they actually collect the request from parents and from students and send that along to the teachers who h…”

“Today, in order to be a truck driver in the US, you have to be licensed, and this is the most common profession in most states in America, and yet we're still extremely supply constrained when it comes to the truck driving industry. There just needs to be a lo…”

“Marketplaces for services are a huge opportunity because services represent 80% of the U.S. GDP, and so there's a ton of opportunities left”