HARD ADVICE: Avichal Garg, co-founder of PrepMe (acquired by Ascend Learning in July) shared some great insights on the disconnects between entrepreneurial and VC expectations and the realities of the education market that make it so difficult for edtech startups to succeed. Money quote: "Most entrepreneurs in education build the wrong type of business, because entrepreneurs think of education as a quality problem. The average person thinks of it as a cost problem." Equally interesting: his colorful (if anecdotal) look at how "being Asian or poor changes your perspective." Lively reader comments here. Our vote is for Steve Jobs' advice: "You've got to find what you love. And that is as true for your work as it is for your lovers....Don't settle."
