0:30 Welcome everyone, I have Sebastian Thrun of Udacity here with me today. 1:45 Thank you to Scott Walker of Walker Corporate Law. If you need a lawyer, call Scott at 310-288-6667. 4:00 Sebastian, welcome to the program. Explain to the audience what Udacity is. 5:30 What happened after the class really picked up steam? 6:00 How many people took the course and how many finished? 7:00 Do you believe that the university system is worth the money people spend? 9:00 Why did it take Khan Academy and others to change education? Why wasn't it done inside of universities? 12:00 Who are the co-founder of Udacity? 13:30 Does your success make Stanford less valuable? 14:30 Will kids be going to Stanford in 20 years or will they be taking courses on Udacity? 16:15 What will the role of teachers be in the future? 19:30 Let's talk about the business model. 20:45 Is the price sustainable? 21:15 Did you give up a large amount of personal wealth to pursue this? 24:30 Thank you to Squarespace! To get 10% off, go to squarespace.com and use the code TWiST7. 27:15 I heard that you had top VC firms vying to fund Udacity. Tell me about it. 28:45 Why did you go with Charles River Ventures? 30:45 What founders do you try to model yourself after? 33:30 What is the role of the teacher? 34:30 If this fails, what will be the reason it fails? 37:30 What about gamification: badges, rewards, etc. Is it worth it? 39:00 Do you think that it's possible to turn the public education system around? 41:00 Congratulations on the early success and I look forward to having you back on. We'll see you all next time on This Week in Startups. Support This Week in Startups and independent media by joining the TWiST Producer Program at TwistList.co! Want to support TWiST another way? Use bit.ly/twistamazon when you shop and a portion of your purchase will go toward helping keep independent media like TWiST on air! Keep up with the latest from our sister company, LAUNCH: Live Blogging LAUNCH Education & Kids - Day Two www.launch.co/blog/live-blogging-launch-education-kids-day-two.html Live Blogging LAUNCH Education & Kids - Day One www.launch.co/blog/live-blogging-launch-education-kids-day-one.html LAUNCH Education & Kids: 30 Companies (6 Stealth) Plus Scoble, Alan Louie and Nolan Bushnell www.launch.co/blog/launch-education-kids-30-companies-6-stealth-plus-scoble-ala.html Yahoo to Launch "Chrome Killer" Tonight www.launch.co/blog/yahoo-to-launch-chrome-killer-tonight.html First Eight Companies for LAUNCH Education & Kids www.launch.co/blog/first-eight-companies-for-launch-education-kids.html FOLLOW ON TWITTER Jason: @jason Sebastian: @sebastianthrun Squarespace: @squarespace Walker Corporate Law: @scottedwalker SPECIAL THANKS TO OUR PREFERRED PARTNER eMINUTES Lawyers who focus on forming and maintaining corporations and LLCs. Check them out at eMinutes.com and @eminutes.

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