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By 2025, we can expect the world to be completely digital. Paper books will be a thing of the past. Education will be delivered through analytics-based assessment tools and adaptive learning platforms.
For the price of a couple of Happy Meals, you can buy a digital textbook and stop your child from having to carry around a six-pound book.
Textbooks are going to remain a key part of learning. They just need to go digital, become more interactive and they need more analytics.
I do not want to be a long-term CEO.
Parents are telling other parents that you can save a lot of money renting. Forever they've been looking for a solution to higher textbook prices.
As things go digital, the notion of new editions will go away. A publisher can add video and assessment content at scale, make the change in 30 seconds and it's just a software update.
Using a service such as Chegg.com, students can save on average more than $600 a year when they rent textbooks over purchasing them.
Essentially, you have to be aware of a crisis happening: 'Can the company go on if I get hit by a bus?' That's, I think, how you build a great company and something that can scale.
Students today need experience to get a job, and they need a job to get experience. The Chegg Champion program provides students with a real-world working experience that actually offers financial rewards.
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Nathan Meyer Rothschild
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