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At the Recur Club HQ, two longtime friends-Pratham Mittal, founder of Masters' Union, and Shashank Shwet, founder of ImaginXP-met to break down the Indian Higher Education Industry, compare it with ed-tech, and share their individual experiences of building businesses in this sector.
⏳ Timestamps:
00:00 - Trailer
00:29 - Episode begins
1:05 - Pratham’s Life before Masters’ Union
4:58 - How did Masters’ Union start
8:15 - Shashank’s early career
11:52 - How did Imagine XP start
18:22 - Revenue Sharing with Teachers in Colleges
24:21 - Pratham’s 3 rules for Marketing
27:23 - Need for Scarcity in Branding
28:34 - Secret behind Masters' Union's Placements
30:13 - Economics of building a Business School
34:24 - Shashank’s Entrepreneurial Mistakes
37:57 - Problem with VCs in Education Business
40:02 - Are Government Schemes helping Education Industry?
40:59 - Should Education be for Profit vs Not for Profit?
42:30 - Real Problem with Indian Education
45:54 - Unaddressed Gaps in Education Industry
47:57 - Startup a College, not Ed-Tech
51:47 - How is Entrepreneurship taught at Masters Union?
56:17 - Problem with Research Departments in Colleges
1:00:09 - What is wrong with Researchers at Wharton, Stanford and Penn
1:01:56 - A Day in the life of Pratham Mittal
1:04:03 - Pratham’s Learnings from LPU, Masters Union is LPU 2.0
1:05:57 - Elon Musk at Masters Union?
1:08:22 - Top 10 Business School in 5 Years, How will Masters' Union get there?
1:10:48 - Rapid fire with Pratham
1:12:18 - Rapid fire with Shashank
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