It would be one thing if you were asking for $240k after 10,000 learners had successfully completed this course, created a Hive account, and earned some kind of badge for competition viewable on their profile.
How do you define a “reach of 10,000?”
You have stated you would like some on Hive to help. However, your orientation starts in over just 2 weeks. This seems like something that should have been secured ahead of asking for funding and the course about to start.
While I believe in free education and see it as the future. There is a big difference once something is free for someone to click on a signup button and those being able to commit to something for 9 weeks.
I’ve taken many free online offerings by MIT and others. There is a massive difference I’ve noticed between those who sign up for something free and the amount that makes it to the end. Before even taking into account those that will go out and do something with the information they gained.
In your own experience. What percentage of those that sign up for a free course do you expect to attend day one? How many would be expected to finish the course?
I feel at $1,200 per person for the pilot is quite a tough pill to swallow for many when it comes to the DHF. As far as the $240,000 what is the breakdown in terms of how this money is being allocated? Is this just for the staffing for 9 weeks? Is there a % of it that is going towards the cost of creating core content?
If this does not get fully funded what is the future of this program and the free education elements?
Hi @enjar and thank you for your feedback and questions.
$1200 per learner is not unreasonable for a course of such caliber especially when it requires 200 students to get the personal support they need to complete it and feel confident in their journey.
You are spot on about people not completing courses and it's one of the things we have put a lot of effort into. I'm teaching online for 14 years. I know only too well how poor the completion rate can be for e-learning. But this is not an e-learning course. Students will be guided via live classes, peer groups, and the student outreach team. Retention is one of the things we have spent a lot of time on and have received outside consulting on. Part of this includes the quality of the student, and so we won't be doing a mass marketing campaign advertising a free course. Instead, we are targeting innovators, entrepreneurs & professionals.
In regards to the breakdown of $240K
We are a for-profit entity, based in Ireland. We have overheads and we have staff. The cost of the course creation has already been absorbed by us and is very much back-ended. As a for-profit entity, we provide a service for a fee. In effect the service to Hive is marketing. Hive gets to be involved in a for good social project, bring education on Web3, Blockchain, and Digital assets.
By establishing a Partnership, we can make this a viable business and as a business, we want to grow. Partnership revenue will be classified as a contribution to profits. Much of our spend will be on
If this project is not funded we are going ahead anyway, it will build our reputation. I would love to see us becoming the go-to education partner for every blockchain like Chainlink is the go-to oracle.