Salman Khan and the Khan Academy

Salman Khan, Founder of the Khan Academy

 

Salman (Sal) Khan is the Founder and Executive Director of the Khan Academy, an online personalized learning site that began with mathematics and has spread to sciences and humanities.  The Khan Academy is a non-profit organization with the fundamental goal of providing “free, world-class education to anyone, anywhere”.   Students, parents, and teachers are all welcome to join and the site offers over 3200 tutorial videos, instant and adaptive assessment and statistics for individual students or classes.  The idea for the site was conceived after Sal had been tutoring some of his relatives in mathematics.  As the relatives lived in different states, logistics became difficult and Sal uploaded tutorial videos of himself onto YouTube.  The YouTube videos became popular and Sal founded the non-profit organization in 2008.  In 2009, Sal quit his day job and started working on the Academy full time, living off of savings.  In 2010, the Khan Academy received its first large donations and since then has grown to include approximately 30 staff members.

Salman Khan’s background includes three degrees from MIT and an MBA from Harvard.  He purposely chose to make the Khan Academy a non-profit organization as he felt that he wanted to provide the opportunity for free, quality education.  The two large donations in 2010, totalling $3.5 million, moved the venture from small business to large.  Sal has surrounded himself with team-members who are highly educated, well-qualified and experienced.  Sal started small, took notice when his small venture (tutorial videos for his relatives) became popular, took the risk of following through on his idea and capitalized on funding money when it became available by building a well-rounded team of experts to assist him.  I believe these are attributes of a successful entrepreneur.

As public, private and corporate education continue to look further at personalized learning environments, ventures like the Khan Academy have the potential to flourish.  In the words of the Khan Academy:

“…if you are a social venture capitalist and are looking to deploy capital with the highest possible social return per dollar invested, we should talk. We think you’ll find that there is no more measurable, scalable and high impact way to educate the world. ”  (The Khan Academy)

 

References:

The Khan Academy Website – http://www.khanacademy.org/

Picture of Salman Khan taken from Khan Academy PressKit available at the Khan Academy Press Room

Posted in: Week 04: Entrepreneur Bootcamp