Darius Vaillancourt, founder of edtech startup Howdy, explains identifying the opportunity to build social networking tools for remote learners during early COVID-19 lockdowns.
Disclosure
Vaillancourt: Silicon Valley advisors wrongly told Howdy not to charge universities
“We had very smart angels and advisors. You know, I had like the former VP of product at LinkedIn learning and other vets that had been coming, you know, come out of Silicon Valley that basically said, don't charge the schools anything. Like you're effectively …”
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Vaillancourt: Howdy Saw Course Completion Rates Reach 75% to 80%
“And so that wound up, I mean, it varied across courses. So if you like use 95% as a benchmark, we were seeing in cases like 80, 75%.”
What-if
Vaillancourt: Howdy should have cut off non-paying elite university pilots sooner
“In retrospect, we should have pulled the plug, like, maybe taken the device out and said, hey, listen, sorry, like, you see the numbers going down. We really love to support you, but we also have a business to run.”
Insight
Vaillancourt: Elite universities prioritize full-tuition students over MOOC learners
“At the end of the day, their priority is their traditional business, which is the core university, the people that are going there, you know, spending 80,000 dollars a year to get a degree, undergraduate, whatever, like, that's really their core constituency.”
What-if
Vaillancourt: Howdy could have used LLMs as automated facilitators before shutting down
“I could have pivot now, like right around a year before we shut down the company, we could have integrated large language models into the peer-to-peer sessions to basically be an automated facilitator for these different topics.”
Insight
Vaillancourt: Regulated Legacy Institutions Rarely Share End-User Priorities
“There are certain industries, education, I know some people that have built in healthcare that share this, is that because of the regulation, in the way, like, some of these universities or institutions have existed for, You know, a hundred hundreds of years i…”