With so many opportunities and dollars to be grabbed in online learning, why have so many attempts failed? Stuart Skorman thinks he has it figured out in an article on the ebusiness site.
"Bill Gates, Jeff Bezos, and Scott McNealy, to name just a few high-tech bigwigs, have all said that distance learning will be the next big thing online. If they are right, Stuart Skorman may have another hit. Last October, Skorman sold his online video store Reel.com to Hollywood Video for $100 million. Now, the 50-year-old is gearing up to launch a cyber university called Hungry Minds. With 50 employees, about $4.5 million of his own money, and funding from five Reel.com angel investors, Skorman plans to spend $30 million in the next year to transform the way we learn. Business 2.0 met him in his small downtown-San Francisco offices, where he plans to begin offering - and teaching - online courses this fall. "
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