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This is the scariest article of the week or month, not counting the violent rampage of Trump allies on January 6.
Dominik Dresel writes in Edsurge about Jeff Bezos’ entry into the education “market.”
Bezos, more than any other tech entrepreneur, is known to play the long game, masterfully. In a now-famous 1997 interview, he candidly explained why Amazon started out by selling books. (Hint: It had nothing to do with Bezos’ love for literature. Books were simply a stepping stone, the “best first thing” to sell.) Less than three decades later, Amazon has become not just the world’s largest online retailer, but also a global leader in areas as diverse as cloud computing, home security and digital content production. And we’ve only seen the beginning—within the next few years, the company is poised to disrupt the healthcare market, become the market leader in online advertising, establish itself as a competitor to USPS, FedX and UPS, and provide global access to broadband internet through a network of satellites orbiting the planet… to name but a few examples.
It would be easy to think that Amazon’s rapid expansion into industry after industry is just the natural, opportunistic path of a cash-flush company seeking to invest in new, lucrative markets. But Jeff Bezos, himself a graduate of a Montessori preschool, doesn’t think in short-term opportunities. His early annual shareholder letters bear titles such as “It‘s All About the Long Term” (1997), “Building for the Long Term” (1999) and “Taking the Long View” (2000), and they are testimony to the fact that every strategic decision he makes is part of a larger, long-term plan.
Becoming a driving force in public education may, at first, seem like a long shot for Amazon. While Google, Microsoft and Apple have been pursuing their ambitions in K-12 and higher education for more than a decade, Amazon has mostly remained at the sidelines.
But foraying into the complex sphere that is public education is a matter of when, not if, for Jeff Bezos. To understand why, it is worthwhile to consider three principles that have guided Amazon’s strategic investment and growth decisions since its founding days.
Read the article to understand Bezos’ three principles and why he might see public schools as ripe for disruption, like the other billionaires before him. As I explained in my recent book Slaying Goliath, the tech billionaires love to disrupt the lives of other people’s children. They have had no success, only failure. But that doesn’t stop them.