Darius Vaillancourt, founder of edtech startup Howdy, discusses what product pivots he could have executed in hindsight before ultimately shutting down the company in 2023.
Opinion
Vaillancourt: Remote bootcamps charged $10K despite degraded student experience
“These companies are still charging the same amount, 10 K for a coding bootcamp or whatever, but the experience is like significantly degraded.”
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 …”
Assertion Not checkable as stated
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.”
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…”