Podcast
Questions and Answers
What percentage of Hispanic students attend high-poverty schools?
What percentage of Hispanic students attend high-poverty schools?
Which of the following is NOT mentioned as a barrier for low-income students in accessing college opportunities?
Which of the following is NOT mentioned as a barrier for low-income students in accessing college opportunities?
What kind of partnerships does the program aim to establish?
What kind of partnerships does the program aim to establish?
What is one of the major offerings of the no-cost platform for students?
What is one of the major offerings of the no-cost platform for students?
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Which industry does the program focus on for creating career pathways?
Which industry does the program focus on for creating career pathways?
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What is the budget for equity investments within Boston Public Schools?
What is the budget for equity investments within Boston Public Schools?
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What aspect distinguishes the platform as accessible for underserved students?
What aspect distinguishes the platform as accessible for underserved students?
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Which is included in the extensive tools offered by the program?
Which is included in the extensive tools offered by the program?
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What percentage of revenue is expected from institutional licensing?
What percentage of revenue is expected from institutional licensing?
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What primary role does Faith Rounds have in the organization?
What primary role does Faith Rounds have in the organization?
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Which milestone concerning partnerships is targeted by the organization?
Which milestone concerning partnerships is targeted by the organization?
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What form of support is not listed as a need for the organization?
What form of support is not listed as a need for the organization?
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What is one of the monetization strategies through freemium add-ons?
What is one of the monetization strategies through freemium add-ons?
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Which of the listed partnerships has been successfully secured?
Which of the listed partnerships has been successfully secured?
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Which student benefit is highlighted in their mission?
Which student benefit is highlighted in their mission?
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What is the expected reach for students on the platform?
What is the expected reach for students on the platform?
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Study Notes
My New Pathway
- Aim: Empowering underserved students for college and career success
- Problem:
- 38% of Hispanic and 37% of Black students attend high-poverty schools, limiting their upward mobility
- High cost, low-income students struggle to access high-quality college prep resources, career opportunities, and personalized guidance
- Complex college application processes, limited SAT/essay prep, and lack of mentorship hinder opportunities
Solution
- No-cost platform:
- Free, accessible platform offering step-by-step guidance for college applications and career preparation
- Expansive tools:
- FAFSA/CSS walkthroughs
- Personalized college application walkthroughs
- Extensive resource catalogue
- Pro essay reviews
- Tutoring/mentoring
- Career Growth:
- Partnerships with top companies to create direct career pathways in high-demand fields (e.g., Google internships, BSO music tracks)
Market Opportunity
- 17.3 million high school students in the US, ~7 million are low-income
- EdTech market size: $78.2 billion, with K-12 education taking ~70% share
- Boston Public Schools budget for Equity Investments: $23.6 million
Competitive Advantage
- Accessible platform:
- Free, accessible, and personalized platform tailored for underserved students
- Expansive guidance:
- Step-by-step guidance beyond SAT prep, incorporating real career pathways
- Strong connections:
- Partnerships with schools, districts, and top companies like Google and BSO
- Expertise and Proven Track Record:
- Expertise and proven track record in education access and grassroots advocacy
Progress So Far
- Validation:
- Validated demand through interviews with students, parents, and educators
- Successfully guided students manually to top schools (e.g., Harvard, Tufts)
- Partnerships:
- Secured interest from the Director of Education at BSO for developing a career pathway for users
Revenue Model
- 50% Institutional Licensing: Paid subscriptions for schools and districts to access premium tools
- 25% Corporate Sponsorships: Companies sponsor career pathways and gain brand visibility
- 15% Freemium Add-ons: Optional paid features (advanced essay reviews, mentorship programs)
- 10% Grants & Donations: Support from foundations and organizations invested in education equity
Team
- Faith Rounds: Senior at Harvard, studying Economics with a secondary in Computer Science, organized STEAM camps, partnered with MIT & Harvard, co-founded a company worth $2 million
- Todd Zhou: Sophomore at Harvard, studying Computer Science with a secondary in Economics, grassroots advocacy, fundraising ($35K), policy work promoting education equity
Milestones
- Platform development
- Onboard 3 schools and secure paid subscriptions
- Reach 5,000 student platform users
- Form partnerships with 5 companies in high-demand fields
Contact Information
- Faith: [email protected]
- Todd: [email protected]
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Description
This quiz explores innovative solutions aimed at empowering underserved students in their college and career preparations. It tackles key issues such as access to resources, mentorship, and streamlined application processes, providing tools and partnerships to enhance opportunities for marginalized groups.
