“So I dropped out of high school when I was in, in the 11th grade, but nevertheless, I was very lucky because I started tutoring young kids English when I was 15 years old part time.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Cindy Mi
AssertionPartly supported
Chinese families spend 15% of income on supplemental education versus US's 2%
“The market size is about fifteen billion US dollars parents spending every year. And then Chinese parents value education as investments. So from around 15% of our household income goes to supplemental education. Compared to two percent in the US.”
Cindy MiJan 16, 2019▶ 8:21Cindy Mi and Qi Lu Share Advice for Entrepreneurs Building Global Companies · Y Combinator
AssertionSupported
VIPKID has grown to more than 60,000 teachers
“And today VIP kid has more than 60,000 teachers. It's almost three times of the supply.”
Cindy MiJan 16, 2019▶ 9:54Cindy Mi and Qi Lu Share Advice for Entrepreneurs Building Global Companies · Y Combinator
Insight
Daily 15-minute language practice beats weekly two-hour classes
“If one can spend 15 minutes a day to learn the language, it's much more effective than 15 minutes times seven put into a two hour weekend class because More frequency helps memorizing better and utilizing the language in a much more effective way as a tool.”
Cindy MiJan 16, 2019▶ 11:25Cindy Mi and Qi Lu Share Advice for Entrepreneurs Building Global Companies · Y Combinator
AssertionNot checkable as stated
Cindy Mi: VIPKID took 18 months to reach product-market fit
“It took us a year and a half to understand that product market fit.”
Cindy MiJan 16, 2019▶ 15:09Cindy Mi and Qi Lu Share Advice for Entrepreneurs Building Global Companies · Y Combinator
AssertionNot checkable as stated
Sinovation Ventures helped VIPKID recruit three of its first four students
“We started with actually four students.
Because we cannot find the fifths.
Or the fifth students.
Yeah, and Sinovation Ventures, Dr. Kaifu Lee.
They had to help us find the first three.”
Cindy MiJan 16, 2019▶ 17:16Cindy Mi and Qi Lu Share Advice for Entrepreneurs Building Global Companies · Y Combinator
AssertionSupported
Cindy Mi: VIPKID reduced one-on-one tutoring costs for parents by over 50%
“We have lowered significantly the one-on-one learning experience, the cost for the parents by more than 50%.”
Cindy MiJan 16, 2019▶ 21:55Cindy Mi and Qi Lu Share Advice for Entrepreneurs Building Global Companies · Y Combinator
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