Salient to Investors:

Google’s Eric Schmidt and Anne-Marie Slaughter at the New America Foundation said colleges and universities are indecisive, slow-moving, and vulnerable to losing their best teachers to the Internet.

Schmidt said colleges have the luxury of thorough, democratic deliberation of issues because they never actually do anything, in contrast to the Khan Academy which analyzes students’ answers to figure out which questions do the best job of assessing mastery of a topic. Schmidt said college just produces a better adult, who are phenomenal employees when trained, and says Peter Thiel, who pays young people to launch startups instead of studying in college, is just fundamentally wrong.

Slaughter said traditional colleges and universities, with their high fixed costs, are at risk and will lose their top talent as we become global teachers and the best people become free agents.

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