The Khan Academy is an organization on a mission. We’re a not-for-profit with the goal of changing education for the better by providing a free world-class education to anyone anywhere.
All of the site’s resources are available to anyone. It doesn’t matter if you are a student, teacher, home-schooler, principal, adult returning to the classroom after 20 years, or a friendly alien just trying to get a leg up in earthly biology. The Khan Academy’s materials and resources are available to you completely free of charge.
The Khan Academy is a not-for-profit educational organization created by Salman Khan. With the stated mission of “providing a high quality education to anyone, anywhere”, the website supplies a free online collection of over 2,200 micro lectures via video tutorials stored on YouTube teaching mathematics, history, finance, physics, chemistry, biology, astronomy, and economics.
Distance learning and correspondence courses have been around since the invention of mail. And private, for-profit schools flourish; the University of Phoenix has half a million students enrolled, most of them online. Other private operations, like the Teaching Co., specialize in amalgamating “great courses” from nationally known teachers: the 12-hour Game Theory in Life, Business, and Beyond, from one academic star, costs $254.95 on DVD.
What’s remarkable about Khan Academy, aside from its nonpareil word of mouth and burgeoning growth, is that it’s free and prizes brevity. Remember your mumbling macroeconomics teacher whose 50-minute monologue in a large auditorium could bore the dead? That isn’t Khan. He rarely cracks wise if you want shtick, check out Darth Vader trying to teach Euclidean geometry on YouTube (“The Pythagorean theorem is your destiny!”) — but in less than 15 minutes Khan gets to the essence of the topics he’s carved out.
Online critics question whether he amounts to a dilettante who’s turning learning into pedagogical McNuggets. But while you obviously don’t learn calculus in one session — the subject is divided into 191 parts, which doesn’t include 32 more in precalc — Khan’s components seem to hit the sweet spot of length and substance. And he covers an astonishing array. There are the core subjects in math — arithmetic, geometry, algebra, trigonometry, calculus, and statistics — and the de rigueur science offerings, like biology, chemistry, and physics. But Khan also gives lessons in Economics of a Cupcake Factory, the Napoleonic Wars, and the Alien Abduction Brain Teaser.
Like so many entrepreneurial epiphanies, Khan’s came by accident. Born and raised in New Orleans — the son of immigrants from India and what’s now Bangladesh — Khan was long an academic star. With his MBA from Harvard, he has three degrees from MIT: a BS in math and a BS and a master’s in electrical engineering and computer science. He also was the president of his MIT class and did volunteer teaching in nearby Brookline for talented children, as well as developed software to teach children with ADHD. What he doesn’t know he picks up from endless reading and cogitation: His gift, like that of many teachers, is being able to reduce the complex. “Part of the beauty of what he does is his consistency,” says Gates. Of Khan’s capacity to teach, Gates, who says he spends considerable time trying to help his three kids learn the basics of math and science, tells Fortune, “I kind of envy him.”
Khan continued to work for the small hedge fund he had joined after Harvard, Wohl Capital Management. He said he took away “under $1 million” before the Silicon Valley-based hedge fund wound down, and briefly started his own fund in mid-2008, which didn’t really get off the ground because of the financial crisis. (“I called it Khan Capital,” he says, “but it never got much beyond ‘Khan’s Capital.'”) He used his nest egg to buy a house with his wife, Umamia, a rheumatology fellow at Stanford Medical School, and as a reserve when he gave up his investment career. On a typical day he tapes a few tutorials, answers posts from students, calls experts when he’s stuck on how best to explicate a concept, and fields queries from curious potential backers.
He maintains he has no interest in monetizing the operation by charging subscriptions or selling ads. “I already have a beautiful wife, a hilarious son, two Hondas, and a decent house,” he declares on his website. But that hasn’t stopped the inquiries, the most notable from John Doerr, the Silicon Valley venture capitalist, and his wife, Ann. Not long ago a PayPal donation on Khan’s site came in for $10,000 (a typical gift is $100). Khan e-mailed the donor. Her name was Ann Doerr. He knew of a John Doerr but just assumed the name was more popular than he realized. He e-mailed her to say thanks. She suggested lunch.
When they met, Ann Doerr told him she couldn’t believe hers was the largest donation. “This is, like, criminal,” she said. “I love what you’re doing.” When he got home, he found a message from her: “There’s $100,000 in the mail.”
Khan is using that money to pay himself a salary. Later, he met John Doerr and has since relied on both Doerrs for entrée to others in the philanthropic establishment. After Gates mentioned Khan in Aspen, John tweeted it to his Silicon Valley legions. In July the academy received another $100,000 — from John McCall MacBain, a Canadian entrepreneur who made a fortune in publishing. “If I had a million dollars,” Khan says, he’d fund software development of more automated problem sets and extensive translations of his videos. Gates, whose foundation spends $700 million a year on U.S. education, plans to talk to Khan soon as well.
Khan has his skeptics in the education business. They don’t doubt he means well and is helping students, but they question the broad impact of any tutorial that doesn’t test performance or allow student-teacher discussion. “It’s a solid supplemental resource, particularly for motivated students,” says Jeffrey Leeds, president of Leeds Equity Partners, the largest U.S. private equity firm specializing in for-profit education. “But it’s not an academy — it’s more of a library.”
But Khan intends nothing less than “tens of thousands” of tutorials offering the “first free, world-class virtual school where anyone can learn anything.” The advances envisioned by Leeds and others wouldn’t hurt either. The education industry can use all the innovation it can find