A few more thoughts on Coursera. If you believe AI changes everything, tech is accelerating etc etc, I think this is a sneaky “picks and shovels” play First off…people think of Coursera and they think of the MOOC craze of the early 2010’s. And yes, there was a peak and then a trough of disillusionment. But AI has re-accelerated this business. Google Trends recently cleared an all-time high. The world is changing. People and institutions need to skill up. They need to reskill. Coursera is uniquely positioned to help these people and institutions adapt to a quickly changing world. Start with Higher Ed. The value of today’s degrees are rapidly deteriorating. What is being taught in classes is NOT what businesses need new hires to know. So, increasingly, businesses are creating their own education. They’re building the modular blocks for THEIR required knowledge. They’re building them in partnership with Coursera, who integrates them into the curriculum for college credit. College faculty will never learn this shit well enough to teach it. Better to partner with Coursera They’re the only player who can reliably sit in between industry + Higher Ed to build a better-equipped talent pipeline The same goes for post-graduation. Because those modular skill blocks apply to people who need to reskill, too. Everyone needs to learn AI. Businesses and governments will send their employees here to skill up. Job seekers will grab credentials to be more qualified So, Coursera’s flywheel will work like this: - They have the most learners. 183 million registered learners. Those learners come because Coursera has the best content that will help them get jobs, get promoted, etc. - This will attract course providers, who want to reach those learners because they are hungry for qualified talent - This differentiated content will attract more learners, and round and round we go