For-profit colleges have been able to seize the opportunity to marry Internet classes with federal student aid to serve this degree-hungry population: the many thousands of students whose work and life schedules don't fit the "academic calendar.
Young Americans, my generation has failed you. Standards have slipped, we've deprioritized education and we've hardly even noticed. And young Americans, you are suffering as a result, arriving into adulthood without the knowledge and skills you need.
VCs are good capitalists. They sell what their investors will buy, and they charge what their investors will pay. The real problem, it turns out, lies with the institutional investors -- the ones doing the buying and the paying.
Mr. Biggs has been "big" in the world of securities prognosticators for many years. He was the formerly the head strategist at Morgan Stanley where he was reportedly responsible for the formation of its investment management business.