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“Pivoting” isn’t just an industry term anymore - in the wake of COVID-19, educators have had to pivot as well, quickly adopting XR collaboration and video conferencing technologies just to teach their students. Educational consultant and innovation director James McCrary explains how his most important work lately is just making sure teachers and parents are adjusting to the new norm.
Julie: Ok. Hello, my name is
James: Yeah, that's LACU.
Julie: LACU! And FETC and CUE
James: Oh yeah. Thank you so
Julie: [laughs] Amazing. Well,
James: Primarily, right now my
Julie: That's great. I have to
James: It's-- [chuckles] Well,
Julie: That's so interesting,
James: Yes. [laughs]
Julie: It's an unbelievable
James: We've talked before about
Julie: So that leads to a really
James: The interesting thing--
Julie: Actually, it's funny. If
James: I would tell spellcheck
Julie: [laughs]
James: So just go with that. But
Julie: Yeah. And another thing
James: [chuckles] The haptics.
Julie: Yeah. And this is where
James: Sure.
Julie: But it also starts with
James: You know, when you get
Julie: Yeah.
James: And you go, "Oh my
Julie: Exactly. Let's draw back
James: It is-- one of the
Julie: Yeah. So I guess that
James: We need to be
Julie: Well, James, thank you so
James: Probably the most
Julie: Well, that's a great way
James: Thank you so much, Julie.
Julie: Thanks so much. James.
We often say that some concepts can only be taught to students spatially, and getting them inside some VR is the best way to do it. Emilie Joly from apelab visits with Julie to explain how that same concept, applied to educators, inspired Zoe.com.
Julie: Hello, my name is Julie
Emilie: Thank you, Julie. It's a
Julie: That's great. Well, why
Emilie: I co-founded apelab six years
Julie: So can you tell us a
Emilie: There's something about
Julie: So this is where the
Emilie: We were really focused
Julie: Do you take the current
Emilie: Yeah, we're trying to
Julie: Wow. I'm sure-- yeah, you
Emilie: This is also where a lot
Julie: One of the big pain
Emilie: Almost 100 percent of
Julie: So maybe we can just
Emilie: On the hardware side,
Julie: Is that live today?
Emilie: So the mobile version is
Julie: The education piece
Emilie: We as a team, we are
Julie: And I think that's key,
Emilie: The onboarding, it's go
Julie: That's really great.
Emilie: Yes, for sure. I mean, I
Julie: Thank you so much. Thank
Emilie: Thank you, Julie.
Julie: Thanks, Emilie.
Today’s guest, Craig Frehlich, is an educational consultant, and first saw the learning potential of VR on a trip to the mall with his son. But he drops in to stress the experience itself isn’t going to teach much, without a discussion with students about what they experienced after the fact.
Julie: Hello, my name is Julie
Craig: Hi, Julie. Thanks for
Julie: And what perfect timing
Craig: I agree.
Julie: Yeah. So maybe if you
Craig: I'd love to. I think I'll
Julie: So how did you then take
Craig: On our drive home back to
Julie: I think that's really
Craig: In my other observations
Julie: That I think is really
Craig: If we have the time --
Julie: I want to take a quick
Craig: I couldn't agree more. I
Julie: Absolutely. I couldn't
Craig: Even VR narratives are
Julie: This leads to everybody's
Craig: First and foremost,
Julie: I think you couldn't have
Craig: Oh, thank you. Yeah, my
Julie: I look forward to seeing
Craig: Twitter would be the best
Julie: That's great. Absolutely.
Craig: I would love that, Julie.
Julie: Thanks so much, it
We interrupt your regularly-scheduled podcast for this special announcement, where Julie introduces the XR Collaboration project. MetaVRse, along with other major players in the XR space, have come together to develop an easy-to-use guide for the newly-home-office-bound to navigate the many telecommunication tools available from the industry.
Many of us are experimenting with homeschooling at the moment, whether we want to or not. Julie hopes to help listeners by offering a glimpse into the Smithson home, and how she's educating her two daughters while schools are closed.
In virtual space, the sky's the limit -- literally. Your Avatars can fly and teleport and change form in an instant, even in a relatively mundane collaboration meeting or classroom setting. Ben Erwin of Silicon Harlem returns to discuss the development of XR's version of "Netiquette."
Julie: Hello, my name is Julie
Ben: Hey, Julie, it's great to
Julie: And so much to talk about
Ben: Well, I think that the
Julie: Yeah, I think everybody's
Ben: Exactly. The question is
Julie: Yeah. And just going back
Ben: Well, and also, the
Julie: I completely agree. We
Ben: And with that, that's a
Julie: It gives the term "body
Ben: Well-- and sometimes it can
Julie: Yeah. I was watching
Ben: And this is all part of
Julie: In wrapping up this
Ben: Don't be afraid to just
Julie: That's a great way to end
Ben: My pleasure, thank you so
Julie: Thanks, everyone. My name
Volumetric video and other spatial 3D technologies allows us to add a Z axis to the way we learn. Director of Silicon Harlem Ben Erwin is on the show to discuss teaching in the same three dimensions we all live in.
Julie: Hello, my name is Julie
Ben: Thank you for having me,
Julie: Great. Well, I think you
Ben: Thank you. I started my
Julie: Just to give our
Ben: Part of it -- as you
Julie: So with all of these
Ben: One of my favorite personal
Julie: The way that the human mind works now is obviously really interesting. And I guess that's what you call a classical humanics. And you and I talked about the Robot-Proof book by Joseph Aoun. And learning a little bit more about humanics and the model of includes two dimensions, the content portion of it, and then the three literacies. But also about the cognitive capacity, of the way that you interpret your presence. And maybe talking a little bit about the cognitive capacities of what we experience in these three dimensional experiences now in virtual worlds. What kind of impact they have on us and how we interpret them.
Ben: With cognitive capacities. I felt that Aoun's four cognitive capacities reminded me of the way that STEM is very left brain heavy with science, technology, engineering and mathematics, and that it's-- at some point, somebody added an A to STEM and made it STEAM. And there is art. And so I find that art, as much as science, is a good representation of the balance of the human mind. Between art and your creative side on one hand -- which is emphasized as part of our humanics as a need -- as well as-- there are several different levels to science that are represented in the T-E-M of STEM. And so music and physical performance and all of these are very much a part of art as technology, engineering, and math is part of science. And so I think that keeping that in balance is very important. And when people earn degrees, they earn a Bachelor of Science or they earn a Master of Arts, or a Master of Fine Arts. But it's-- if you say the Academy of Motion Picture Arts and Sciences, it's-- that is saying, "OK, here is a medium of art that includes arts and sciences" and that's sort of representative of that wholeness of the balance of the mind. And that's one of the things that really attracted me to the Aoun's concept of humanics as well as the humanities, where those are the liberal arts. And I think that the holistic thinking as part of education is very important, to be able to keep those parts of ourself in balance so that we can express ourself creatively. But all art underneath it, if you break it down, you'll find science and math, which allows you to make better art. So it's a full-- it's a continuum. And if we can feed that continuum as part of our education system, then we will do a better job of making whole students.
Julie: Couldn't agree more. with
Ben: Well-- and design thinking is really the operative word there, because Aoun's humanics is-- it specifically mentions systems thinking, but it doesn't specifically mention design thinking. But if you combine the two of them together, then you have your arts and sciences right there. Take any creative software, take Adobe Photoshop or Illustrator, or take Premier After Effects. Very powerful creative tools. If you are using that tool and you want to be very precise, what do you do? You go to the Inspector palette and you change a number. You could draw something and have that be by hand. And that will have its own sort of aspects to it that you created with your hand, with the imperfection of your hand, or even if you have a very talented and accurate hand, it's still a hand-drawn thing. But if you are taking out a polygon tool and you're saying, OK, well, here's a square, here's a hexagon. And then you want to bend it a precise amount, or warp at a precise amount, or scale it a precise amount, then you can just put in that exact number and you can align it to guides, and all of that precision is embedded in art. And to me, that's just a great metaphor for blending arts and sciences in a creative way. There are plenty of artistic things that you can do with data, and data may seem like a very dry-- it's a concept that-- some people don't even think that much about data. But the creativity in how you can structure data to have more meaning and how to analyze it isn't just STEM.
Julie: So we're almost at the
Ben: It would be my pleasure.
Julie: Thanks so much, Ben.
Ben: Thank you, Julie
PART 2 coming soon!
For any learning to take place in the next few weeks, parents and educators are going to have to get creative in their teaching methods. Jaime Donally founded ARVRinEDU to help them find ways to introduce XR into their curriculum, and she tells Julie how right now is the perfect time to experiment.
Julie: Hello, my name is Julie
Jaime: Thank you so much. I'm
I'm excited to have this conversation,
Julie: There is so much
Julie: So with the changing
Jaime: Yeah, absolutely. So from
Julie: Can you give an example
Jaime: Yeah. So I have worked
Julie: I think this is where
Jaime: Yeah, the perfect example
Julie: There's so many
Jaime: I've had several
Julie: I think that's great.
Jaime: Yeah. The community is
Julie: Well, Jaime, I think
Jaime: Absolutely. Thank you for
Julie: Thanks again, Jaime. I'm your host, Julie Smithson. This is the XR for Learning podcast.
Picking up where she left off, Victoria talks about how times like these can be either a bane or an unexpected boon for fledgling startups, and how to tell where you fit on that spectrum.
Listen to Part 1 here.
Julie: Hello, everyone, welcome back to the XR for Learning podcast. My name is Julie Smithson, I am your host, and today we have Part 2 with Victoria Yampolsky. We're talking about forecasting for innovation with the execution roadmap. Victoria is the founder and president of The Startup Station, an education and consulting company committed to helping founders be successful and get funded faster. She focuses on creating credible financials and valuations for early stage ventures. Welcome, Victoria.
Victoria: Thank you so much,
Julie: Yes. Thank you. And let's
Victoria: For a startup, creating a financial model needs to be a lot more granular than for a more established entity, because you need to really model your activities to be able to evaluate which activities are working, and which activities are not. And here I'm specifically referring to go-to-market strategy. It's not enough when you're thinking about your revenues to just project the top line and say "I think I'm going to get the 10 percent user growth, or 10 percent client growth, etc." because it's not clear where that growth comes from. And when you begin modeling your go-to-market strategy, you are then going to be forced to determine the drivers that make that strategy happen. And then those drivers are the ones that you can change to test the sensitivity of your business model and sensitivity to your business to various scenarios, such as the coronavirus. So when it comes to AR/VR, there are only two types of customers to which you can sell. You can sell directly to the consumer, in which case you employ a variety of marketing strategies: digital marketing, social media marketing. You may go and make podcasts such as this one, you may employ influencers, radio advertising, etc. Or you may sell to enterprises and that usually employs a sales force. Each of those strategies have assumptions associated with them. One of them is a budget. Budget is a discretionary assumption that every company can decide on. And in these times, that is a decision that your company should make, whether you want to increase or decrease your marketing budgets, depending on how aggressive you want to be or more cautious you want to be, in conjunction with your company's strategy and also how you're going to allocate that budget across the marketing strategies. Now, how do you decide whether your budget should be increased or decreased? I think you need to think about who your customers are, and whether they are affected by that outbreak, whether their economic situation is affected. If they're not as affected, there is no reason for you to change your marketing spend or in fact, maybe that's a reason for you to increase it and try to capture more market share. If your customers are the ones really affected by the outbreak, then it doesn't make sense for you to spend that marketing money that will be wasted. Then you should go more in the brand awareness mode, to make sure that your customers don't forget you. And when the situation improves, come back with the vengeance. Now, when you're thinking about the sales force, the question about the customers remains the same. And here the important criteria are the length of the sales cycle. And so the sales cycles, if your customers are affected, it may increase the conversion rates of leads, to close deals may decrease, and also the value of which contract may decrease as well. So how do you plan for that? I always recommend the low, medium and high scenario. That's something that I already mentioned in the first podcast. So you plan for the conservative scenario, the worst scenario, and the optimistic scenario. And then you'll look at how your business is going to do. I recommend highly to pay special attention to cash. Cash is not the same thing as income. Income has some items on the income statement that are not cash-based. Sometimes you book revenue before you get it, especially if you extend credit to customers. So income doesn't give you a full picture of how much actual runway your business has. And so cash flow statement, I think at this time, is the most important one to pay attention to and really make sure that your cash balance does not fall below the minimum, whatever that minimum is -- whether it's a three month runway or a six month runway -- and if you're starting to approach that, you need to start thinking aggressively about your financing options. So A) how can you cut costs before you get to the point where you have no money in the bank? Far in advance. We're also thinking about some of the debt options or equity options available to you, going to your existing investors and asking them for a little bit more breathing room as you weather this situation.
Julie: Excellent advice. Thank
Victoria: So AR/VR is obviously in a great situation, because I've looked at some data yesterday, and in 2017 the size of the market was predicted to be -- by Goldman-Sachs -- $95-billion. And then 2019, Allied Market Research predicted it to be by 2025 $571.4-billion. That's almost a six times difference. Oh, it's actually more than a six times difference. And so this is just an indicative of the speed of innovation. How fast things can change just in two years. So these are good things. So investors are obviously looking for high growth companies. The two month blip is nothing. I think investors that are investing in emerging technologies in early stage startups, they have an appetite for risk. I think they're incentivized not to let those companies fail just because of something that's a force majeure situation -- such as this one -- if there is a high potential of success in the future. So I think the important part here is to be very clear on what your execution plan is around the virus, kind of thinking through all of the issues that I've been talking before. And if you need to ask investors for money, to be very clear what that money is going to be for and potentially just cast some early liquidation options, where they may be able to get that money back sooner, and that will be more like an emergency loan as opposed to additional equity investment. Or maybe it will for them some additional sweeteners, as a thank you for helping you in the difficult times. Now, from the existing investor's point of view, it is better for them to give you a little bit the money to weather that downturn than to lose their investment in your company entirely. And so as long as they know that you have a strong execution plan and as long as there is a demand for your product, it is clear what the product development timeline is. You have a clear go-to-market strategy. That is traditionally very weak point for all startups. I think that you should be in good shape to survive this. I think from the technology startups are in much better shape than a lot of businesses that depend on people actually interacting with each other.
Julie: What advice would you
Victoria: Like I've mentioned in
Julie: I think that's a great
Victoria: Absolutely. So the website of The Startup Station is www.thestartupstation.com. Every Thursday, 12:00 PM to 1:30 PM Eastern Time, I host virtual office hours for any entrepreneur to come ask me any questions about fundraising, financial modelling, forecasting, dealing with investors, etc. You can find a link on my homepage of how to register for those office hours, as well as on my social media. And if you'd like, if you're in the process of fundraising, if you join my mailing list, you will get a startup investor search guide, which has 26 resources for different databases and different links to a database of accelerators, a database of funds that invest in women founders, etc. And so that's a great resource for somebody who is just beginning on their fundraising journey, to get a sense of what's out there, and what avenues are available to you to raise capital.
Julie: That's great. Thank you
Victoria: It's my pleasure.
One of the first hurdles any organization must leap in the adoption of new technology is funding it. In this special two-part episode, Julie chats with The Startup Station founder Victoria Yampolsky about how to plan your budget, for the best and worst-case scenarios.
Julie: Hello, my name is Julie
Victoria: Thank you very much
Julie: Our topic today is going
Victoria: So I started my
Julie: Are you working with any
Victoria: So none of those
Julie: So I think that the
Victoria: Right. So I think on
Julie: Yeah, I think it's
Victoria: Sure. So let's begin
Julie: I think that's a great
Victoria: Well, depending-- I
Julie: That's great. And I'd like to thank my guest, Victoria Yampolsky. Please join us for part 2 on forecasting for innovation and the execution roadmap.
Check out Part 2 this Saturday.
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