Why edtech startups in india are failing _ business insider india

Being an education or edtech start-up is not easy. Gas vs diesel generator It is not easy in India, and it is not easy anywhere else in the world. Wd gaster battle A good way of explaining the same to you will be the fact that even after having a $100 million+ funding, edtech start-ups such as Knewton, Coursera, Udemy, Duolingo are still ‘figuring many things’ out. Gasbuddy touch They are well known and are doing cutting edge work but are far away from a time where they can see to recover the money they are spending or become profitable.

Back in India, edtech start-ups have seen some form of success in only few segments that include Test Prep, Professional Courses & LMS. Gas 1940 Barring this, majority of segments such as Pre-school, K-10 & Higher-Ed are yet to see decent success stories.

Multiple factors are responsible for the low success rate of Edtech start-ups. National gas average 2007 I am sharing a few here that I have observed as well as faced over the years that has threatened our existence our existence but we always came out on top.

Say, you are selling B2B to schools (K-12). Electricity videos for students This means that your POC (point of contact) is the school administration; your consumers are school students; your buyer is the school trust / board; and your customers are parents whose kids are studying in that school. Gas 87 89 93 Barring the actual consumer, everybody else decides things on whims and fancies and your sales are dependent on each one of them being onboard to buying your product / service.

In the B2C market in K-12, you are (in most cases) competing with a tonne of other products & services that are providing exactly same (or somewhat similar) features as you are. Gas prices Yet, everyday a new start-up crops up in this space providing the same features & no differentiation from the existing lot. Mp electricity bill payment online bhopal Even if the features change, there is no noticeable difference in the value proposition. Npower electricity bill To add on top of this, there is always someone providing the same for FREE and just takes away any leverage you can build in the market.

Education is no e-commerce, or taxi business, or hyper-local business. Gsa 2016 new orleans Start-up in education only if you are in for the long haul i.e. Electricity outage chicago atleast 15-20 years. Bp gas station In most other types of businesses, hyper growth is one of the possible ways of growing. Electricity and magnetism worksheets 8th grade In education, no one has seen hyper growth. Electrical supply company near me You may come and argue that Khan Academy has X million users or Duolingo has Y million users. E payment electricity bill maharashtra Well, I agree they have users. Gas variables pogil worksheet answer key But are they paying? Khan Academy is not-for profit so it is in its own league. Gas pump heaven Duolingo has still to figure out how to make money. Q gas station It takes time in education to get your model right, to get your pricing right and to get your strategies right. F gas regulations 2015 You cannot just randomly say you will reach out to X million in 5 years. Gas house pike frederick md You might infact take 5 years to get your product-market fit right. Electricity nightcore lyrics Patience is a powerful friend of a smart edtech entrepreneur. Gas tax in new jersey Your initial focus should be to survive as long as you can, doing as varied things as possible so that you can quickly know what works for you and what doesn’t. Electricity quiz ks3 Don’t take VC money before you get your product right. Gas prices going up or down That is a sure-shot way of failing. Electricity and magnetism notes Be patient — the longer you survive, the higher is your chance of success.

This is an extension of what I wrote in the previous point. Gaz 67 dakar You should know the behavior of each of your stakeholders inside out and play those to your advantage. Gas and water Parents like quality but cheap products, educational institutes like unique product that they can take from you at a price point of x and sell at 5x or 10x. Electricity worksheets grade 6 Can you do any one of these without losing money? Ask this question to yourself everyday. Gas mask ark Education is not a quality problem for the customer, it is a pricing problem (barring test prep). Gas monkey monster truck body If parents get option to choose from two online learning platforms, they are not going to choose the cheaper one since they are high inexperienced and incapable of differentiating between the two products (which is aided by the fact that the two platforms are actually not very different from each other).

The graver sin after this is to raise institutional capital before having figured out the right model. Electricity lessons grade 6 VCs mostly have an 8-10 year period to return money to their LPs. Impact of electricity in the 1920s In no way, can an upcoming education start-up figure things out and start growing crazily in that little time. Gasket t 1995 They will push you to do things that don’t make sense and will only end in more pain for you. Electricity synonyms If you need to raise, raise from angels who get what you are doing and are equally passionate about the problem you are about to solve.

Most edtech start-ups that show decent initial traction believe that this is how their growth curve is going to be. Gastronomia y cia Being as optimistic as possible, they start using these initial traction numbers to draw exponential growth curves and sometimes, in an effort to be realistic they simply draw linear curves. Electricity and magnetism worksheets 4th grade They cannot be more wrong to do so. Electricity billy elliot karaoke with lyrics Every edtech product’s initial customers are the best types of customers to have, they are willing to try what you provide and try even giving you the right feedback. Gas 66 It is good to use these sets of people as your evangelists but not more. Gas leak chicago The next set of customers are crucial who are skeptic but have just enough faith to give you a shot. Arkla gas pay bill Now, this is your make or break shot. 6 gases If you convince this particular bunch, you will find your mojo that will help you scale. Electricity in the 1920s You also need to also be ready to take all the criticism / feedback this bunch will have since it will only help you refine your business model.

This is a serious problem for most edtech startups showing good initial traction. Electricity physics definition There are many who never even reach a point where they can say they have 10,000 users or 15,000 users. Gas after eating So, this point is not valid for them. Electricity wikipedia simple english Every ed-tech startup touches a peak number after which the growth starts plateauing and you are in search of getting more people. Electricity invented timeline When doing that, you start discounting using VC money. P gasket 300tdi Bad move, don’t do it. Gas jet Figure out more innovative ways of reaching out, but don’t give stuff for free just to acquire more users. Electricity notes physics Users are not going to keep you afloat, paying customers are. Hp gas online login You are not a wallet that you will have 20 million people on your platform and you will start leveraging the fact that you have data. Grade 6 electricity Very, very few ed-tech startups even see the face of 2 million users, let aone 20. Electricity word search pdf You cannot leverage data. Electricity generation You can build a sustainable business model to survive giving your customer a value proposition that makes him / her look better, smart or whatever that keeps him / her happy.

It is very true that what does not kill you only makes you stronger. Gas in oil lawn mower Being an ed-tech start-up means you must always be nimble, frugal and tip-toeing your way in the academic space. Ortega y gasset obras completas Find your niche, stick to it and build a quasi moat if it is too hard to build a real one. Static electricity in water Knewton is a great example of a company that has built a quasi moat and whenever you think ‘Adaptive Learning’, you think Knewton when infact they were far from being one of the first players in the segment. Electricity and circuits class 6 cbse Don’t raise too much money too quickly, take your time. Mp electricity bill payment online jabalpur Survive. Gas 47 cents Survival is key. Electricity and circuits physics Too much money too easy will just brutally kill you. Gas vs electric water heater savings Be in the sector for a long haul and for the right reasons, you will surely see success. Gas vs electric oven efficiency It is the most brutal market but it is also one without too many success stories and opportunities are always up for grabs for those who know the dos and don’t’s of edtech.