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Today, Mi is 33 and founder of a startup that aims to give Chinese kids the kind of education American children receive in top U.S. schools. Called VIPKid, the company matches Chinese students aged five to 12 with predominantly North American instructors to study English, math, science and other subjects. Classes take place online, typically for two or three 25-minute sessions each week.
Mi is capitalizing on an alluring arbitrage opportunity. In China, there are hundreds of millions of kids whose parents are willing to pay up if they can get high-quality education. In the U.S. and Canada, teachers are often underpaid—and many have quit the profession because they couldn't make a decent living. Growth has been explosive. The three-year-old company started this year with 200 teachers and has grown to 5,000, now working with 50,000 children. Next year, Mi anticipates she'll expand to 25,000 teachers and 200,000 children.
(Score: 0) by Anonymous Coward on Thursday December 22 2016, @12:36PM
Public school teachers have the summer off, are coddled by pensions (which disappeared in the private sector 40 years ago) and protected from incompetence by tenure.
Oh, without tenure teachers would be at the mercy of arbitrary management? Welcome to real world.
Nobody who hasn't been a teacher can comment on the teaching profession? Well, that's a nice way to put yourself above criticism, isn't it. Maybe politicians should claim the same deal.
(Score: 1) by khallow on Thursday December 22 2016, @01:26PM
Maybe politicians should claim the same deal.
You can't judge me until you've accepted a hundred thousand dollar bribe from the fine folk at Soulless Corp? Sounds intriguing. "Note to self..."
(Score: 0) by Anonymous Coward on Thursday December 22 2016, @02:32PM
Hm, all the former Nortel employees must have missed the memo.