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26 people think this is good

  • Carolyn Sams
  • Carmen Guerreiro
  • Lil' Miss Moonshine
  • Bridget Hilton
  • Elizabeth Dyar
  • Jan Vajda

Discuss

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  • Carolyn Sams

    This is fantastic, I'm glad you're experiencing this! One of the most powerful conversations I ever had was with Robert Egger, the founder of DC Central Kitchen and now LA Kitchen. He thinks like a businessman, and has been able to create a financially viable nonprofit that strategically fills a need in the market. He's cunning and strategic, and glad to see there are more people pushing the system!

  • Alessandra Rizzotti

    I love that Unitus is investing in workhorses like Umesh. When I briefly looked at the HLC site, I was a little confused about HLC's method of charging students. I know it's low cost- but do funds from Unitus and supporters supplement the majority of the costs? What if Umesh gets to a point where there is a lack of funding? Does the school have to shut down or does he charge the students more? Totally logistical questions- but just curious. Really cool to see that people are investing in this school and that Umesh is acting as an entrepreneur.

    • Hannah Wasserman

      Hey Alessandra-- great questions. So Unitus' funds are investment capital-- so HLC used it to expand, hire people, whatever they needed to do--that money doesn't subsidize fees. HLC charges students a super low fee-- about $50 for one year-- paid monthly. The unit costs of running each school shouldn't exceed the unit revenues (from fees), but there is a lot of capital needed upfront to start each school. The hope is that Umesh can keep raising funds in order to rapidly expand. For a business like this, scale is key to making it float. If there is a lack of funding, expansion would need to slow/stop-- it shouldn't harm the current preschools/students.

  • Gisela Hausmann Author

    Fabulous article - it points out that if we want to prepare children the right way education needs to walk the path the world is taking. Maybe we need that type of think in US schools too? I know that some do, even if they don't articulate their concept with such clarity. Loved reading your article. Following you now

  • Patrick McDonnell

    Let’s focus our attention on the workhorses and not the “show ponies.” Very well put!

  • Jeff Nelder

    Great point Hannah- the competitive space we envision, where people do well by doing good, requires both parts of the equation: doing good, but doing well, too.