Tag: investment

The Minerva Delusion

by on Apr.06, 2012, under general

This week the tech and educational press has been buzzing about the launch of Minerva University. According to its founder, Internet entrepreneur Ben Nelson, Minerva is intended to "tap into the demand for an elite American education from the developing world’s rising middle class." His proposition is simple and compelling: there are more smart students in the world than there are seats in Ivy League schools, and the elastic enrollment afforded by Minerva's online format will provide an elite electronic education for those huddles masses yearning to learn.

In support of his subversive educational enterprise Nelson has mustered both heavy artillery and covering fire. The former comes from Benchmark Capital, the VC behemoth which has invested $25 million dollars to found Minerva. The latter comes from the long list of luminaries Nelson has recruited to form his advisory board, including such superstars as Larry Summers (former President of Harvard), Senator Bob Kerrey (former head of the New School), and Pat Harker (president of the University of Delaware and former dean of Wharton, Nelson's alma mater).

I am a big believer in educational access. Education is awesome. Extending education to those who cannot presently achieve it is extra awesome.

And yet I'm troubled by the Minerva Project; specifically, by the lack of credible answers to a few questions that the painfully shallow news coverage have yet to actually address. So I'm posting them here and trying to think through what some of the answers might be. 

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