Brain Waves - 2016 ASU GSV Summit Keynote

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VIEW MICHAEL'S KEYNOTE HERE: https://www.youtube.com/watch?v=oX95tFCg7F4

Michael Moe's (Co-Founder, GSV) opening keynote presentation at the 7th Annual ASU GSV Summit (April 18-20, 2016) in San Diego. www.asugsvsummit.com

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Brain Waves - 2016 ASU GSV Summit Keynote

  1. 1. BRAIN WAVES 7th Annual ASU GSV Summit April 18, 2016 Michael Moe, CFA Co-Founder, GSV @michaelmoe
  2. 2. 2010 Mission: To Accelerate Innova!on in Educa!on and Op!mize Impact
  3. 3. 2010 300 A!endees
  4. 4. 2010 35 Companies
  5. 5. 3,000+ A!endees
  6. 6. 350+ Companies
  7. 7. Sold Out 5th Year in a Row
  8. 8. April 2010…
  9. 9. iPad Released April 2010…
  10. 10. First UBER Ride S!ll 2 Months Away
  11. 11. Snapchat July, 2011
  12. 12. 8 Billion Videos Per Day
  13. 13. Series A 7 Months A"er First Summit
  14. 14. 2015 80 Million Nights Booked
  15. 15. $1.6 Billion Series E $25 Billion Market Value
  16. 16. EdTech VC Investment $550 Million 2010 Source: GSV Advisors
  17. 17. EdTech VC Investment $550 Million $2.1 Billion 2010 2015 31% CAGR Source: GSV Advisors
  18. 18. Weapons of Mass Instruction
  19. 19. KNEWTON Founded 2008
  20. 20. 10+ Million Students 16+ Billion Recommenda"ons
  21. 21. +
  22. 22. Pass Rates 17% + Source: Knewton
  23. 23. Dropouts 56% + Source: Knewton
  24. 24. Technology Vendors 2010 5
  25. 25. Technology Vendors Today 130 5
  26. 26. 2U Founded 2008
  27. 27. 15+ Partners $1+ Billion Tui"on Generated
  28. 28. CLASS DOJO Founded 2011
  29. 29. 50+ Million Users
  30. 30. REMIND Founded 2011
  31. 31. 35+ Million Users 3/4 U.S. Schools
  32. 32. CLEVER Founded 2012
  33. 33. 20+ Million Users
  34. 34. 2011 160,000 Students, Stanford AI MOOC
  35. 35. 4 Million Students 168 Countries
  36. 36. COURSERA Founded 2012
  37. 37. 18+ Million Students
  38. 38. 2011 2012 2013 2014 2015 160K 1.5M 10M 18M 35M 194% CAGR MOOC Enrollments
  39. 39. Map oft the colonies United States 1800
  40. 40. A!endees
  41. 41. “As GM goes, so goes the na!on.” — CHARLES WILSON CEO, General Motors (1953)
  42. 42. $0 $45 $90 $135 $180 1964 1969 1974 1979 1984 1989 1994 1999 2004 2009 GM Market Value, 1964-2009 Source: Capital IQ
  43. 43. Moore’s Law
  44. 44. 2000 2015 $0.04 $7.03 Cost of Compu!ng (per MM transistors) 98% decline Source: Deloitte
  45. 45. 2000 2015 $0.02 $4.77 Cost of Storage (per GB) 99% decline Source: Deloitte
  46. 46. Internet Access: 2000 371 Million Internet Access: Source: Gartner, Nielsen, A.T. Kearney, eMarketer, KPCB, GSV Asset Management
  47. 47. Internet Access: Today 3.1 Billion 371 Million Internet Access: Source: Gartner, Nielsen, A.T. Kearney, eMarketer, KPCB, GSV Asset Management
  48. 48. 2000 60 Million Broadband Access: Source: Gartner, Nielsen, A.T. Kearney, eMarketer, KPCB, GSV Asset Management
  49. 49. Today 2.3 Billion2 60 Million Broadband Access: Source: Gartner, Nielsen, A.T. Kearney, eMarketer, KPCB, GSV Asset Management
  50. 50. 2000 180 Million PC Penetra!on: Source: Gartner, Nielsen, A.T. Kearney, eMarketer, KPCB, GSV Asset Management
  51. 51. Today 1.4 Billion 180 Million PC Penetra!on: Source: Gartner, Nielsen, A.T. Kearney, eMarketer, KPCB, GSV Asset Management
  52. 52. Internet Access: 2000 740 Million Mobile Penetra!on: Source: Ericsson Mobility Report (2015)
  53. 53. Internet Access: Today 7 Billion 740 Million Mobile Penetra!on: Source: Ericsson Mobility Report (2015)
  54. 54. Smartphones: 2000 0 Source: Ericsson Mobility Report (2015)
  55. 55. Smartphones: Today 2.6 billion Source: Ericsson Mobility Report (2015)
  56. 56. App Downloads: 2000 0 Source: Forrester
  57. 57. App Downloads: Today 226 billion Source: Forrester
  58. 58. Internet Access: 2000 9 Million Digital Na!ves Workforce: Source: KPCB, GSV Asset Management
  59. 59. Internet Access: Today 56 Million 9 Million Digital Na!ves Workforce: Source: KPCB, GSV Asset Management
  60. 60. Global Middle Class: 2000 1.4 Billion Source: OECD
  61. 61. Global Middle Class: Today 2.5 Billion +80% Source: OECD
  62. 62. College Educa!on (OECD): 2000 14% Source: OECD
  63. 63. 29% +2x College Educa!on (OECD): Today Source: OECD
  64. 64. 50%+ Low Income Students 2000: 4 56% 60% 63% 51% Source: The Atlantic, Southern Education Foundation, New York Times
  65. 65. 50%+ Low Income Students Today: 20 55% 51% 59% 50% 68% 60% 61% 61% 65% 71% 58% 51% 50% 52% 53% 58% 60%58% 59% 51% Source: The Atlantic, Southern Education Foundation, New York Times
  66. 66. 40%+ Low Income Students Today: 39 55% 51% 59% 50% 68% 60% 61% 61% 65% 71% 58% 51% 50% 52% 53% 58% 60%58% 59% 51% 49% 45% 47% 42% 40% 44% 48% 45% 40% 49% 47% 40% 48% 43% 46% 43% 41% 42% 40% Source: The Atlantic, Southern Education Foundation, New York Times
  67. 67. Low-Income Students 5x More Likely to Drop out of High School Source: American Psychological Association
  68. 68. Source: Bill & Melinda Gates Foundation, National Education Association Dropouts 8x More Likely to Go to Prison
  69. 69. Source: National Education Association 80% U.S. Prison Popula"on High School Dropouts
  70. 70. 400 450 500 550 600 < $20K $40K - $60K $80K - $100K $120K - $140K $160K - $200K Reading Math Wri!ng SAT Scores and Family Income Source: College Board
  71. 71. 0% 19% 38% 56% 75% No College Community College Compe!!ve Most Compe!!ve Enrollment from Top Quar!le Enrollment from Bo#om Quar!le Locked Out of Elite Colleges Source: Pew Research Center
  72. 72. Income Quartile Graduate from College Top 75% Second 33% Third 20% Bottom 8% Source: Pew Research Center
  73. 73. 70% of Poor Americans Never Make it to the Middle Class. Move to Middle+ Stay Put 70% 30% Source: Pew Research Center
  74. 74. 30,000 Amazon Warehouse Robots
  75. 75. 350+ Million Global Manufacturing + Warehouse Workers Source: McKinsey, GSV Asset Management
  76. 76. 12 Million U.S. Middle Skills Jobs Eliminated by 2025 Source: McKinsey
  77. 77. $7 Trillion Managed by Robo-Financial Advisors by 2025 Source: Deloitte
  78. 78. 3,000+ Financial Reports Per Quarter Source: New York Times
  79. 79. 50% Jobs At Risk of Replacement in 20 Years Source: The Economist, Oxford University
  80. 80. “Our policy is to hire as many talented computer engineers as we can find. There aren't enough people who have these skills today.” — MARK ZUCKERBERG
  81. 81. 1.2 Million Computer Science Job Openings by 2020 Source: U.S. Department of Labor, Fortune
  82. 82. “Data Science — The sexiest job of the 21st Century.”
  83. 83. 1060 Time Humans Knowledge, Skills, Abili!es Computers We Are Here
  84. 84. Digital Marke!ng
  85. 85. Visual Design
  86. 86. iOS + Android Development
  87. 87. Data Analy!cs
  88. 88. Cybersecurity
  89. 89. Killer Jobs Today… Killed Tomorrow
  90. 90. 1967
  91. 91. 1967
  92. 92. “We could be looking at a society in which all the gains in wealth accrue to whoever owns the robots.” — PAUL KRUGMAN
  93. 93. “The obvious conclusion is that the government will just have to give these people money.” — SAM ALTMAN
  94. 94. “New disease… technological unemployment.” — JOHN MAYNARD KEYNES, 1930
  95. 95. Agriculture is our wisest pursuit, because it will in the end contribute most to real wealth, good morals, and happiness. — THOMAS JEFFERSON, 1787
  96. 96. Automa!on Eats Jobs Farming Factory Informa!on Knowledge
  97. 97. 2x Increase in GDP Per Capita Source: US. Bureau of Economic Analysis, Federal Reserve Bank of St. Louis
  98. 98. 2x Increase in Corporate Profits Source: US. Bureau of Economic Analysis, Federal Reserve Bank of St. Louis
  99. 99. 2.5x Increase in Labor Produc"vity Source: US. Bureau of Economic Analysis, Federal Reserve Bank of St. Louis
  100. 100. Median Income Stalls in 1967… $0 $10,000 $20,000 $30,000 $40,000 $50,000 1970 1980 1990 2000 2015Source: U.S. Census Bureau
  101. 101. …Decreases for men $0 $10,000 $20,000 $30,000 $40,000 $50,000 1970 1980 1990 2000 2015Source: U.S. Census Bureau
  102. 102. Winner Take All Economy
  103. 103. Value Scale 10M Users 1.6B Users Source: New York Times, GSV Asset Management
  104. 104. Value Scale 21% Search 64% Search Source: Yahoo Finance
  105. 105. Value Scale 170M Users 1.1B Users Source: YouTube, Vimeo
  106. 106. Value Scale $125M Revenue $107B Revenue Source: Yahoo Finance, Fortune
  107. 107. Source: Economic Policy Institute CEO Compensa!on $20 $5,015 $10,010 $15,005 $20,000 1970 1980 1990 2000 2010 Median Income $27K 303x 23x
  108. 108. Source: Forbes Major League Baseball $20 $1,140 $2,260 $3,380 $4,500 1970 1980 1990 2000 2010 Median Income $27K MLB Salary $4.3M
  109. 109. Inequality is the parent of revolu!on. — ARISTOTLE
  110. 110. Talent is equally distributed by zip code… but opportunity is not.
  111. 111. Our B.H.A.G: Ensure that every person has an equal opportunity to par!cipate in the future.
  112. 112. Magic of Silicon Valley = Exponential Ideas
  113. 113. Auto Industry?
  114. 114. Annual R&D Spend: $7.2 Billion Source: Company Disclosures
  115. 115. 1060 Auto Innova"on Time Value
  116. 116. 1060 Tesla = Exponen!al Innova!on Time Value
  117. 117. ImagiNation
  118. 118. 1060 Time Value Communica!on + Collabora!on
  119. 119. Time Value Travel + Hospitality
  120. 120. Energy Time Value
  121. 121. 1060 1055 1050 1045 1040 1035 1030 1025 1020 1015 1010 105 1 10-5 Healthcare Time Value
  122. 122. Educa!on Innova!on… Time Value
  123. 123. ?
  124. 124. …Exponen!al Opportunity OPPORTUNITY GAP Time Value
  125. 125. $27 Trillion U.S. Economic Gains with Basic PISA Improvement Source: OECD
  126. 126. $200+ Trillion Global Economic Gains with Basic PISA Improvement Source: OECD
  127. 127. Hollywood Meets Harvard
  128. 128. 1967 Super Bowl I
  129. 129. 60,000 A!endees Source: Wikipedia
  130. 130. $12 Ticket Price Source: CBS (2016 USD)
  131. 131. $6 Million Avg. Team Value Source: CBS (2016 USD)
  132. 132. $25,000 Avg. Salary Source: US News & World Report
  133. 133. 2016 Super Bowl 50
  134. 134. 80,000 A!endees
  135. 135. $1,500 Ticket Price
  136. 136. 167+ Million Remote Viewers
  137. 137. FREE
  138. 138. $5 Million Per 30-Second Ad
  139. 139. $360+ Million Ad Sales
  140. 140. $2 Billion Avg. Team Value Source: Forbes
  141. 141. $2.2 Million Avg. Salary Source: CNN
  142. 142. Spor"ng Event MEDIA MODEL
  143. 143. Access
  144. 144. Quality
  145. 145. Value
  146. 146. 60,000 Ivy+ Enrollment, 1967 Source: University Disclosures
  147. 147. 80,000 Ivy+ Enrollment, Today Source: University Disclosures
  148. 148. $15,000 Cost to Graduate, 1967 Source: University Disclosures
  149. 149. $250,000 Cost to Graduate, Today Source: University Disclosures
  150. 150. 138 Million U.S. Higher Ed Gap Source: NCES, U.S. Census Bureau
  151. 151. $35 Trillion Price Tag Source: GSV Asset Management
  152. 152. Superbowl vs. Ivy League 1967 Value Super Bowl I Ivy League
  153. 153. Superbowl vs. Ivy League 1967 Value Super Bowl 50 Ivy League Today
  154. 154. media
  155. 155. mEDia
  156. 156. magic leap Magic Leap
  157. 157. AR/VR Industry $90 Million $5.2 Billion 2014 2018 176% CAGR Source: Statista
  158. 158. Big Data
  159. 159. 50% Programs Watched Were Recommended Source: Company Disclosures
  160. 160. 50% Accuracy Lung Cancer Diagnosis Source: The Fourth Industrial Revolution (Klaus Schwab), FortuneSource: IBM
  161. 161. 90% Accuracy Lung Cancer Diagnosis Source: The Fourth Industrial Revolution (Klaus Schwab), Fortune
  162. 162. ADAPTIVE Technology
  163. 163. ADAPTIVE Technology + DIAGNOSTIC Technology =
  164. 164. Personal Robot Tutor
  165. 165. 10,000 Hours of Prac"ce Makes Perfect
  166. 166. Healthy 10,000 Steps
  167. 167. Wealthy 10,000 Dollars
  168. 168. Wise 10,000 Neurons Time to Learn!
  169. 169. 10,000 Hours Classroom Time K-12 Source: U.S. Department of Education
  170. 170. 10,000 Hours Video Games K-12 Source: U.S. Department of Education
  171. 171. MEGAWINNERS Engagement Efficacy
  172. 172. KaizenEDU
  173. 173. 1/3 Babies Live to 100+ Source: United Kingdom Office of National Statistics (ONS)
  174. 174. Digital Natives
  175. 175. 64% Would Work for Less than Half at a Job They Love
  176. 176. 15+ Lifetime Careers
  177. 177. Job Benefits Millennials Value Most Source: KPCB #1 Training + Development (22%) #2 Flexible Hours (19%) #3 Cash Bonuses (14%)
  178. 178. Old System, 1900 PLAY LEARN JOB RETIRE
  179. 179. New System LEARN PLAY SCHOOL JOB JOB JOB
  180. 180. Adaptability Grit Cri!cal Thinking Empathy Communica!on Entrepreneurship Learn to Learn Skills for an Exponen!al Economy
  181. 181. Learn to Learn
  182. 182. Entrepreneurship
  183. 183. Communica!on
  184. 184. Empathy
  185. 185. Cri!cal Thinking
  186. 186. Grit
  187. 187. Adaptability
  188. 188. Knowledge as a Currency
  189. 189. NEWS to Knowledge
  190. 190. Informa"on
  191. 191. Knowledge
  192. 192. Old Knowledge Currency
  193. 193. Knowledge Por"olio
  194. 194. 4 Minute Mile
  195. 195. 
 Impossible is not a fact. It’s an opinion. — MUHAMMAD ALI
  196. 196. Imagine what it would look like to “MIND the gap”.
  197. 197. Imagine what would happen if everybody had an EQUAL OPPORTUNITY to par"cipate in the future.
  198. 198. Imagine how we could use EXPONENTIAL IDEAS applied to this challenge.
  199. 199. Imagine what GREAT looks like.
  200. 200. DARE TO BE GREAT!!!

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