In the Open Education Challenge application form, we ask four questions:
- What is the education problem you want to solve?
- What is the role of technology in your project?
- What is your business and market approach?
- Why are you and your team the right people to do it?
But for anyone who is seriously considering the adventure of starting their own business in the education world, there are quite a few more questions you will have to answer, both to others and to yourself. EdSurge published this list of 51 questions every Edtech entrepreneur must answer, which was originally published by NewSchools. We added in bold the ones that piqued our curiousity.
From an Educator’s Perspective
- How do you see a teacher using your product in the classroom? Help me understand how a teacher would use this.
- Does your product track time on task?
- Can you explain how the students collaborate? Can a teacher modify the student created content before it gets shared?
- If I’m a student, how am I going to use this product? What is your hook to get students to use the tool?
- Is this something a student can use at home?
Utility to teachers
- How do you train the teachers to use the system? How long does it take for a teacher to become proficient?
- For power users, how long does it take to write a new lesson?
- Does it give information back to the Student Information System? Is it exportable back to a grade book? How does it integrate with other systems?
- Can other teachers access the data to share between classes and programs?
Quality of content
- How do you see the content aligning to the Common Core State Standards? Are the standards tagged by users or the system?
- Are there scaffolding supports build in for English Language Learners?
- There are a ton of edtech products being created, why would this be a good one for schools to invest in?
From a Business Perspective
Content and Product
- How does the adaptivity work?
- Do you have any concerns about privacy?
- How do you ensure quality of content?
- How do you deal with disparity in students with respect to social and economic background?
- How do you substantiate the learning gains you cite?
- How much content will you need to gain complete coverage of the curriculum, and how are you going to invest in getting that done quickly? How will you invest in going to market?
- Does your product slow down the top students? How do you ensure this doesn’t happen?
- Where are your content creators based and how do they get paid?
Competition and Market
- Who do you see as your competition?
- How do you differentiate yourself from your main competitors?
- What stops other companies from entering your field if your method becomes a hit?
- How do you make money?
- Who owns the digital rights?
- What is your price point?
Team and vision
- What is your painpoint right now?
- 5 years from now, what is your company going to look like?
- What keeps you up late at night?
- What gets you up early in the morning?
- What do you want to do with the data you collect?
- Tell us a bit about who you are
- What is the size of your team?
- If you prioritize your goals, what would you do right now and what would you leave to the future?
- How did you meet your cofounder?
On usage and users
- Of the X% users you retain, what is special bout them as opposed to those who churn? How often does that X% use your product?
- What negative things do customers say?
- Who is the customer? Who is the decision maker?
- What’s your plan to get your product to your customer base? Do you have revenue targets?
- How many users were active in January?
- You have X% retention. Why did the 100-X% leave?
- How will you scale up your customer support as you grow?