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There's a Reason It's Called "Venture" Capital

A post by Jose Ferreira

“I started Knewton to do my bit to fix the world’s education system. Education is among the most important problems we face, because it’s the ultimate “gateway” problem. That is, it drives virtually every global problem that we face as a species. But there’s a flip-side: if we can fix education, then we’ll dramatically improve the other problems, too. So in fact, I started Knewton not just to help fix education but to try to fix just about everything…

Okay, yes, that’s crazily ambitious. But we have a vision of how it will happen and a plan to get there. It won’t be easy and maybe we won’t accomplish all of our goals. But whatever progress we make will be extremely positive.

So if I had to give one piece of advice to a budding entrepreneur, I would say: aim big. Go after a giant problem, one of the great problems of our time, a problem that, if solved, would usher in an era of large-scale transformation across industries and nations. It won’t be easy. The really BIG PROBLEMS, like education, are big problems for a reason. But there are already too many entrepreneurs and venture capitalists going for the easy and obvious stuff…”

Notes

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