Using Technology to Promote Education
According to the latest statistics from HolonIQ in January 2021, compared with 2010, online education insurance investment in 2020 has increased by nearly 32 times, with a total investment of USD 16.1 billion. It is estimated that by 2030, the output of the global education industry will reach US$10 trillion. In terms of investment distribution, nearly half of the investment bet on vocational education in 2020 will account for 48% of the investment, which includes vocational training, corporate training and professional skills upgrading. Online vocational education is also one of the few sub-fields on the online education track that has not yet been out of the lead, showing a sprung up state.
The recently learned “FLAGDream” is an educational technology company whose mission is to help students enter the world’s leading company. The company hopes to serve as a docking platform between mentors and students, like Uber, to help them find each other on the platform, so as to help college students and newcomers to obtain accurate career positioning and clear career development plans, and equip them with corresponding knowledge and skills to achieve career development Breakthrough.
“FLAGDream” was founded in 2019 by the founder of Intellipro and co-founder of the Silicon Valley Leadership Community (SVLC). It belongs to the Intellipro Group, the top resource group in North America, which is one of Google’s five core talent providers 1. Send hundreds of employees to Google every year. Relying on Intellipro Group’s more than ten years of accumulation in top-level human resources, “FLAGDream” invites and screens high-end talents from Facebook, Google, Apple and other large companies to become mentors. At present, the project has been officially operated for 10 months and more than 200 tutors have joined the platform.
The user group of “FLAGDream” is mainly overseas students from prestigious schools, and the focus on online vocational education segments are mainly data science, business analysis, computer science, etc.
The courses of “FLAGDream” are divided into two categories. The first is “Workplace University”. Focusing on this theme, the company has designed many vocational skills training courses with the goal of providing students with the most core skills upgrade in the shortest possible time and helping them form their competitiveness in certain core positions. . The price of this part of the course ranges from several hundred dollars to several thousand dollars. The specific pricing depends on the quantity of courses, the degree of difficulty, and the level of teachers. Qi Su said that the price of “FLAGDream” courses will be reduced by 30-50% compared to courses on other platforms of the same duration and quality, mainly through the entrepreneurial team’s compression of other costs besides products and services.
Next is the “Master Plan”, which uses a tutorial system and is positioned as a one-to-one career development consulting course. This part of the course completely adopts a customized charging method, based on the basic class hours, and matches the tutor according to each student’s background and career goals.
Talking about “FL”AGDream” 1 to 1 tutor system career development course enrollment, Yu Su said that the number of students in 2020 is about a few hundred people, with the expansion of the tutor team in 2021 and the establishment of the entire system, it is expected to enroll 2000- 3000 people. In addition, because the project adopts an elite education and long-term tutoring model, the size of students is limited by the size of tutors. They will also pass interviews and tutoring during recruitment to help them establish a correct outlook on career development and let students understand that education itself is a It was a very hard process, and then persisted in the platform learning, and really got professional progress under the guidance of the instructor.
In terms of overall student size, “FLAGDream” co-founder and COO Michael Zhao said that in the past ten months, the platform’s student growth rate has been very optimistic, with monthly growth The rate is 92.1% (MoM). At the same time, about 80% of the platform students have successfully obtained their favorite offers. The company of the trained students will also be connected to the headhunters through the Intellipro Group to help realize talent transfer.
In addition, “FLAGDream” will rely on Intellipro Group’s teams in the United States, Canada, United Kingdom, Holland, Germany, France, China and other places to enter in 2021 International promotion, expanding business from the United States to Canada, Europe, Australia and other places. Intellipro Group will also help platform students find local internship opportunities around the world to enhance their professional competitiveness.
In judging the future development of the online vocational education industry, Mr. Su believes: First, students pay to learn not only for training, but more Seek career development, so the more concerned about the results the students want, the more likely a company that can help the students with results is more likely to win. Second, in the Internet age, technology will lead the industry’s progress. Therefore, a software brand under the group is working on a talent database with more than 100 million people’s data. It uses AI algorithms to record a person’s growth and different stages of appeals to continue Provide services for talents. Third, the core competitiveness of educational products is service quality and customer reputation. At present, “FLAGDream” hardly has any negative reports. Concentrating these three advantages will help the company go further in the online education industry.
Michael Zhao added in the interview that another important point is the nature of online vocational education. Education thisNo matter what fancy way is used to achieve this thing, its essence will not change, that is, every step of the process is a result. Education is A slow work produces a meticulous job, so we want to do this thing well. Technology is the means and education is the essence.
It is understood that “FLAGDream” currently has relatively abundant cash flow and is currently polishing its MVP (Minimize Viable Product), hoping to further reduce student fees while improving efficiency. It is expected that the company will complete the MVP polishing and start the Pre-A round of financing within this year, with a financing amount of approximately US$2 million to US$2.5 million. The funds raised in this round of financing will be mainly used for marketing, upgrading of the company’s technology research and development, and team building.