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

1. BRAIN
WAVES
7th Annual
ASU GSV
Summit
April 18, 2016
Michael Moe, CFA Co-Founder, GSV @michaelmoe

5. 2010 Mission:
To Accelerate
Innova!on in Educa!on
and Op!mize Impact

6. 2010
300
A!endees

7. 2010
35
Companies

8. 3,000+
A!endees

9. 350+
Companies

10. Sold Out
5th Year in a Row

24. April 2010…

27. iPad
Released April
2010…

28. First UBER
Ride S!ll 2
Months Away

29. Snapchat
July, 2011

30. 8 Billion
Videos Per
Day

31. Series A
7 Months
A"er First
Summit

32. 2015
80 Million
Nights
Booked

33. $1.6 Billion
Series E
$25 Billion
Market Value

34. EdTech VC Investment
$550
Million
2010
Source: GSV Advisors

35. EdTech VC Investment
$550
Million
$2.1
Billion
2010
2015
31% CAGR
Source: GSV Advisors

36. Weapons of Mass Instruction

37. KNEWTON Founded 2008

38. 10+ Million Students
16+ Billion Recommenda"ons

39. +

40. Pass Rates 17%
+
Source: Knewton

41. Dropouts 56%
+
Source: Knewton

42. Technology
Vendors
2010
5

43. Technology
Vendors
Today
130
5

44. 2U Founded 2008

45. 15+ Partners
$1+ Billion Tui"on Generated

47. CLASS DOJO Founded 2011

48. 50+ Million
Users

49. REMIND Founded 2011

50. 35+ Million Users
3/4 U.S. Schools

51. CLEVER Founded 2012

52. 20+ Million
Users

53. 2011
160,000
Students,
Stanford AI
MOOC

54. 4 Million Students
168 Countries

55. COURSERA Founded 2012

56. 18+ Million
Students

57. 2011 2012 2013 2014 2015
160K 1.5M
10M
18M
35M
194% CAGR
MOOC Enrollments

58. Map oft the colonies
United States 1800

60. A!endees

62. “As GM goes, so
goes the na!on.”
— CHARLES WILSON
CEO, General Motors (1953)

63. $0
$45
$90
$135
$180
1964 1969 1974 1979 1984 1989 1994 1999 2004 2009
GM Market Value, 1964-2009
Source: Capital IQ

64. Moore’s Law

65. 2000 2015
$0.04
$7.03
Cost of Compu!ng (per MM transistors)
98% decline
Source: Deloitte

66. 2000 2015
$0.02
$4.77
Cost of Storage (per GB)
99% decline
Source: Deloitte

67. Internet Access: 2000
371 Million
Internet Access:
Source: Gartner, Nielsen, A.T. Kearney, eMarketer, KPCB, GSV Asset Management

68. Internet Access: Today
3.1 Billion
371 Million
Internet Access:
Source: Gartner, Nielsen, A.T. Kearney, eMarketer, KPCB, GSV Asset Management

69. 2000
60 Million
Broadband Access:
Source: Gartner, Nielsen, A.T. Kearney, eMarketer, KPCB, GSV Asset Management

70. Today
2.3 Billion2
60 Million
Broadband Access:
Source: Gartner, Nielsen, A.T. Kearney, eMarketer, KPCB, GSV Asset Management

71. 2000
180 Million
PC Penetra!on:
Source: Gartner, Nielsen, A.T. Kearney, eMarketer, KPCB, GSV Asset Management

72. Today
1.4 Billion
180 Million
PC Penetra!on:
Source: Gartner, Nielsen, A.T. Kearney, eMarketer, KPCB, GSV Asset Management

73. Internet Access: 2000
740 Million
Mobile Penetra!on:
Source: Ericsson Mobility Report (2015)

74. Internet Access: Today
7 Billion
740 Million
Mobile Penetra!on:
Source: Ericsson Mobility Report (2015)

75. Smartphones: 2000
0
Source: Ericsson Mobility Report (2015)

76. Smartphones: Today
2.6 billion
Source: Ericsson Mobility Report (2015)

77. App Downloads: 2000
0
Source: Forrester

78. App Downloads: Today
226 billion
Source: Forrester

79. Internet Access: 2000
9 Million
Digital Na!ves Workforce:
Source: KPCB, GSV Asset Management

80. Internet Access: Today
56 Million
9 Million
Digital Na!ves Workforce:
Source: KPCB, GSV Asset Management

81. Global Middle Class: 2000
1.4
Billion
Source: OECD

82. Global Middle Class: Today
2.5
Billion +80%
Source: OECD

83. College Educa!on (OECD): 2000
14%
Source: OECD

84. 29%
+2x
College Educa!on (OECD): Today
Source: OECD

85. 50%+ Low Income Students 2000: 4
56%
60%
63%
51%
Source: The Atlantic, Southern Education Foundation, New York Times

86. 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

87. 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

88. Low-Income Students
5x More Likely to
Drop out of High School
Source: American Psychological Association

89. Source: Bill & Melinda Gates Foundation, National Education Association
Dropouts
8x More Likely to
Go to Prison

90. Source: National Education Association
80%
U.S. Prison Popula"on
High School Dropouts

91. 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

92. 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

93. Income Quartile Graduate from College
Top 75%
Second 33%
Third 20%
Bottom 8%
Source: Pew Research Center

94. 70% of Poor Americans Never Make it to
the Middle Class.
Move to Middle+ Stay Put
70%
30%
Source: Pew Research Center

96. 30,000
Amazon
Warehouse
Robots

97. 350+ Million
Global Manufacturing +
Warehouse Workers
Source: McKinsey, GSV Asset Management

99. 12 Million
U.S. Middle Skills Jobs
Eliminated by 2025
Source: McKinsey

100. $7 Trillion
Managed by
Robo-Financial Advisors
by 2025
Source: Deloitte

101. 3,000+
Financial
Reports Per Quarter
Source: New York Times

102. 50%
Jobs At Risk of
Replacement in
20 Years
Source: The Economist, Oxford University

103. “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

104. 1.2 Million
Computer Science
Job Openings by 2020
Source: U.S. Department of Labor, Fortune

105. “Data Science
— The sexiest
job of the 21st
Century.”

106. 1060
Time
Humans
Knowledge, Skills, Abili!es
Computers
We Are Here

107. Digital Marke!ng

108. Visual Design

109. iOS + Android
Development

110. Data Analy!cs

111. Cybersecurity

113. Killer Jobs Today…
Killed Tomorrow

114. 1967

116. 1967

117. “We could be looking
at a society in which
all the gains in wealth
accrue to whoever
owns the robots.”
— PAUL KRUGMAN

118. “The obvious
conclusion is that
the government
will just have to
give these
people money.”
— SAM ALTMAN

119. “New disease…
technological
unemployment.”
— JOHN MAYNARD
KEYNES, 1930

120. Agriculture is our wisest
pursuit, because it will in
the end contribute most
to real wealth, good
morals, and happiness.
— THOMAS JEFFERSON, 1787

121. Automa!on Eats Jobs
Farming
Factory
Informa!on
Knowledge

122. 2x
Increase in
GDP Per Capita
Source: US. Bureau of Economic Analysis, Federal Reserve Bank of St. Louis

123. 2x
Increase in
Corporate Profits
Source: US. Bureau of Economic Analysis, Federal Reserve Bank of St. Louis

124. 2.5x
Increase in
Labor Produc"vity
Source: US. Bureau of Economic Analysis, Federal Reserve Bank of St. Louis

125. 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

126. …Decreases for men
$0
$10,000
$20,000
$30,000
$40,000
$50,000
1970 1980 1990 2000 2015Source: U.S. Census Bureau

127. Winner Take
All Economy

128. Value
Scale
10M
Users
1.6B
Users
Source: New York Times, GSV Asset Management

129. Value
Scale
21%
Search
64%
Search
Source: Yahoo Finance

130. Value
Scale
170M
Users
1.1B
Users
Source: YouTube, Vimeo

131. Value
Scale
$125M
Revenue
$107B
Revenue
Source: Yahoo Finance, Fortune

132. 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

133. 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

134. Inequality is
the parent of
revolu!on.
— ARISTOTLE

137. Talent is equally
distributed by zip
code…
but opportunity
is not.

138. Our B.H.A.G:
Ensure that every person has
an equal opportunity to
par!cipate in the future.

140. Magic of Silicon Valley =
Exponential Ideas

141. Auto
Industry?

142. Annual R&D
Spend:
$7.2 Billion
Source: Company Disclosures

146. 1060
Auto Innova"on
Time
Value

147. 1060
Tesla = Exponen!al Innova!on
Time
Value

149. ImagiNation

150. 1060
Time
Value
Communica!on + Collabora!on

151. Time
Value
Travel + Hospitality

152. Energy
Time
Value

153. 1060
1055
1050
1045
1040
1035
1030
1025
1020
1015
1010
105
1
10-5
Healthcare
Time
Value

154. Educa!on Innova!on…
Time
Value

158. ?

159. …Exponen!al Opportunity
OPPORTUNITY GAP
Time
Value

161. $27 Trillion
U.S. Economic Gains with
Basic PISA Improvement
Source: OECD

162. $200+ Trillion
Global Economic Gains
with Basic PISA
Improvement
Source: OECD

163. Hollywood
Meets
Harvard

164. 1967
Super Bowl I

165. 60,000
A!endees
Source: Wikipedia

166. $12
Ticket Price
Source: CBS (2016 USD)

167. $6 Million
Avg. Team Value
Source: CBS (2016 USD)

168. $25,000
Avg. Salary
Source: US News & World Report

169. 2016
Super Bowl 50

170. 80,000
A!endees

171. $1,500
Ticket Price

172. 167+ Million
Remote Viewers

173. FREE

174. $5 Million
Per 30-Second Ad

175. $360+ Million
Ad Sales

176. $2 Billion
Avg. Team Value
Source: Forbes

177. $2.2 Million
Avg. Salary
Source: CNN

178. Spor"ng Event
MEDIA MODEL

179. Access

180. Quality

181. Value

182. 60,000
Ivy+ Enrollment, 1967
Source: University Disclosures

183. 80,000
Ivy+ Enrollment, Today
Source: University Disclosures

184. $15,000
Cost to Graduate, 1967
Source: University Disclosures

185. $250,000
Cost to Graduate,
Today
Source: University Disclosures

186. 138 Million
U.S. Higher Ed Gap
Source: NCES, U.S. Census Bureau

187. $35 Trillion
Price Tag
Source: GSV Asset Management

188. Superbowl vs. Ivy League
1967
Value
Super
Bowl I
Ivy
League

189. Superbowl vs. Ivy League
1967
Value Super
Bowl 50
Ivy
League
Today

190. media

191. mEDia

193. magic leap
Magic Leap

194. AR/VR Industry
$90
Million
$5.2
Billion
2014
2018
176% CAGR
Source: Statista

195. Big Data

196. 50%
Programs
Watched Were
Recommended
Source: Company Disclosures

197. 50%
Accuracy
Lung Cancer
Diagnosis
Source: The Fourth Industrial Revolution (Klaus Schwab), FortuneSource: IBM

198. 90%
Accuracy
Lung Cancer
Diagnosis
Source: The Fourth Industrial Revolution (Klaus Schwab), Fortune

199. ADAPTIVE
Technology

200. ADAPTIVE
Technology + DIAGNOSTIC
Technology =

201. Personal Robot Tutor

203. 10,000 Hours
of Prac"ce
Makes Perfect

204. Healthy
10,000
Steps

205. Wealthy
10,000
Dollars

206. Wise
10,000
Neurons
Time to Learn!

207. 10,000 Hours
Classroom Time
K-12
Source: U.S. Department of Education

208. 10,000 Hours
Video Games
K-12
Source: U.S. Department of Education

209. MEGAWINNERS
Engagement
Efficacy

210. KaizenEDU

211. 1/3
Babies
Live to
100+
Source: United Kingdom Office of National Statistics (ONS)

212. Digital
Natives

213. 64%
Would Work
for Less than
Half at a Job
They Love

214. 15+
Lifetime
Careers

215. Job Benefits Millennials Value Most
Source: KPCB
#1 Training + Development (22%)
#2 Flexible Hours (19%)
#3 Cash Bonuses (14%)

216. Old System, 1900
PLAY LEARN JOB RETIRE

217. New System
LEARN
PLAY SCHOOL JOB JOB JOB

218. Adaptability
Grit
Cri!cal Thinking
Empathy
Communica!on
Entrepreneurship
Learn to Learn
Skills for an
Exponen!al
Economy

219. Learn to Learn

220. Entrepreneurship

221. Communica!on

222. Empathy

223. Cri!cal Thinking

224. Grit

225. Adaptability

226. Knowledge
as a
Currency

227. NEWS to Knowledge

228. Informa"on

229. Knowledge

233. Old
Knowledge
Currency

234. Knowledge
Por"olio

238. 4 Minute
Mile

239.
Impossible is not
a fact. It’s an
opinion.
— MUHAMMAD ALI

246. Imagine what it
would look like to
“MIND the gap”.

247. Imagine what would
happen if everybody
had an EQUAL
OPPORTUNITY to
par"cipate in the future.

248. Imagine how
we could use
EXPONENTIAL
IDEAS applied to
this challenge.

249. Imagine what
GREAT looks like.

250. DARE TO BE
GREAT!!!