Billionaire Joe Liemandt vanished for 20 years. Got Forbes to take him off the list. Now he's bet a billion dollars that everything we know about school is wrong. 12 maxims from my conversation with him: - The key to your child's happiness is high standards. - The difference between a slacker and a founder is one unsolved problem they can't stop thinking about. - If we spent 10 years educating kids the way we've been educating them for 100 years, those kids will go into an AI world with no skills that matter. - The best business school is being in business. - If you're a C student in third grade, there's a 90% chance you'll be a C student for the rest of your life. - An MBA looks at the broken cell in the spreadsheet and walks away. An entrepreneur looks at the same cell and says: I will change that. - 96% of our students say they love school. We had to ask a harder question: Do you love school more than vacation? - Nonprofit means non-scalable. The better your product gets, the faster your money disappears. - You only have to pay a kid once to believe in themselves. After that, the incentive is identity. - The person who says "that's not my job" and the person who says "that's impossible" have the same disease. One just sounds more polite. - You like what you're good at. You get good at what you do. The cycle starts with one forced rep... not inspiration. What if capitalism can fix how we learn?