Venture Stories

Erik’s co-host for this episode is Ali Hamed (@AliBHamed) of CoVenture. They are interviewing Tonio DeSorrento (@TonioDeSo), CEO and co-founder of Vemo Education.They talk about the history of income-sharing agreements, including that Milton Friedman had once proposed the idea and that Yale University had experimented with them at one point.Tonio talks about starting Vemo and how he has brought income-sharing agreements to more and more educational institutions. They discuss the fact that 88% of students entering college are doing so to improve their early career path but that most institutions would say that providing a career path is not the primary value they provide. Tonio explains that Vemo has helped students find the right institution for them by publishing outcomes from the income-sharing agreements. He says that this transparency of outcomes has in and of itself changed how colleges look at the service they provide.They move on to talking about the future of higher education in general, why there doe