{
  "kind": "story",
  "slug": "the-50-richest-families-in-america-are-betting-on-this-trend-7145586",
  "id": 1779904590957145586,
  "record_id": 1779877082045318959,
  "headline": "The 50 richest families in America are betting on this trend",
  "summary": "",
  "source": "my-first-million-podcast",
  "source_url": "https://pdst.fm/e/traffic.megaphone.fm/HS3665821831.mp3",
  "home_domain": "economics-business-work",
  "claim_type": null,
  "sentiment": "positive",
  "significance": "high",
  "claim_count": 126,
  "reading_time_minutes": 10,
  "published_date": "2026-05-27",
  "created_on": "2026-05-27T17:56:30.605903+00:00",
  "claims": [
    {
      "id": 1779904591957070874,
      "text": "Alpha's first commitment to every child is that they will love school.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904592074634822,
      "text": "Joe Liemandt aims to reach a billion children with Alpha's education model within 20 years.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591506825058,
      "text": "Joe Liemandt wrote a paper about artificial intelligence in high school.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904592130150819,
      "text": "The private school market in the U.S. is approximately $100 billion.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904592150905638,
      "text": "There are currently no significant private market players in the education industry.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591514863423,
      "text": "Joe Liemandt's high school paper on AI stated that neural nets were decades away.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904592173685710,
      "text": "For non-profits, a better product can lead to a decrease in donations.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591442565251,
      "text": "The current era is the best time in history to be a five-year-old.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904592581133429,
      "text": "Alpha aims to help individuals reach the full boundary of their human potential.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591982855919,
      "text": "Alpha's second commitment is that students will learn twice as much in two hours a day compared to six hours in traditional class plus homework.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591577996169,
      "text": "Trilogy's first product was a configurator.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904592597115105,
      "text": "The interviewer expresses admiration for Joe Liemandt's recruiting abilities and interest in joining his efforts.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904592481341946,
      "text": "Joe Liemandt's philosophy is to strive to be the best in anything he undertakes.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591824844805,
      "text": "Tony Robbins stated that 'raise your standards' are three words that could solve every problem.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591498715323,
      "text": "Joe Liemandt intends to dedicate the next 20 years to Alpha to fix education.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904592059204215,
      "text": "85% of Alpha parents report seeing their child do something they previously thought impossible for their age within 10 weeks.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904592113019118,
      "text": "Alpha's marketing slogan is \"we educate the parents.\"",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904592157032066,
      "text": "There is an opportunity to create a \"SpaceX for education.\"",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904592269692059,
      "text": "Children require adults for their development.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904592547318927,
      "text": "Deploying chatbots on unmanaged Chromebooks to K-12 students does not result in effective learning.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904592590722776,
      "text": "Raising the next generation is the most important task for society.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591990370339,
      "text": "Alpha's learning engine enables students to learn 10 times faster.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591942432670,
      "text": "Jim Abel advised Joe Liemandt that strategy documents for a large company should be condensed to three lines of three words each.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591678926261,
      "text": "Joe Liemandt told Bill Gates he would escalate recruiting efforts, including offering ski trips, to secure top candidates.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904592250997151,
      "text": "90% of parents will continue to drop their children off at a physical school building in the future.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591420140257,
      "text": "Kindergarteners at Alpha School are expected to climb a 40-foot rock wall and receive critical feedback without crying.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591469861467,
      "text": "Joe Liemandt got married in 2005, which was also the first year of podcasting.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591857508139,
      "text": "Effective development requires providing scaffolding and guidance to show people how to achieve high standards.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904592334029553,
      "text": "Generative AI will enable Alpha to scale its model to a billion children.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591729474156,
      "text": "Trilogy University had a swap program with the Navy SEALs.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591970441588,
      "text": "46% of Alpha students surveyed would rather go to school than go on vacation.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904592030937681,
      "text": "Learning science and generative AI enable the creation of an engine that teaches children 10 times faster.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904592082504420,
      "text": "Artificial intelligence will have its biggest impact on education compared to any other part of the world.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904592066388270,
      "text": "Human potential is the greatest untapped resource on Earth.",
      "evidence_type": "direct_quote",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591554750371,
      "text": "Trilogy's first AI product was the first to sell a billion dollars in the 1990s.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591657798721,
      "text": "Trilogy won 70% of college graduates against Microsoft's 90% success rate in the 1990s.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591766309594,
      "text": "Children want to do hard things, but require both high standards and high support to succeed.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591997110372,
      "text": "Alpha uses the remaining time in the day to teach life skills such as leadership, teamwork, entrepreneurship, financial literacy, storytelling, public speaking, relationship building, socialization, grit, and hard work.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591722355175,
      "text": "Trilogy University is the subject of Harvard Business School case studies.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591709974914,
      "text": "Joe Liemandt's father, who had terminal cancer and 18 months to live, offered to sit on Trilogy's board to help Joe.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591701651149,
      "text": "Joe Liemandt views Elon Musk as an example of extreme intensity and focus on important problems, which is a critical skill for entrepreneurs.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591566397124,
      "text": "Trilogy's initial product idea was a configurator, leveraging expert systems to solve problems.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591490087809,
      "text": "Joe Liemandt is returning to the public limelight as his youngest daughter is about to go to college.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591695147360,
      "text": "Joe Liemandt is working 24/7 on education with Alpha, committed to fixing it and reaching a billion people.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591918214947,
      "text": "Students in middle school at Alpha are required to read the book \"10 to 25.\"",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591685447817,
      "text": "Joe Liemandt attributes his intensity to working on things he loves, such as Trilogy in the 1990s.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591912847387,
      "text": "A feedback approach used at Alpha involves telling students that difficult feedback is given because of belief in their ability to succeed.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591902451809,
      "text": "Dr. Yeager developed Alpha's child development model, emphasizing a mentor mindset, high standards, and high support.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591895513388,
      "text": "Dr. Yeager wrote the book \"10 to 25, The Science of Motivating your kid from age 20 to 25,\" which is recommended for parents.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591889724951,
      "text": "Joe Liemandt credits Jim Abel, his head of HR at Trilogy, with coaching him to balance high standards with support.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591664829255,
      "text": "Bill Gates flew to Austin to understand why Trilogy was attracting top graduates.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591930299860,
      "text": "The book \"Self-Driven Child\" is not recommended for kindergarten mothers at Alpha.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591543642703,
      "text": "Joe Liemandt and his friends dropped out of Stanford University.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591950815306,
      "text": "Long strategy documents lead to employees misinterpreting alignment by selectively focusing on single sentences.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591481280126,
      "text": "Joe Liemandt did his last podcast at Stanford University before a 20-year hiatus from public speaking.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591881209377,
      "text": "Joe Liemandt is skilled at motivating people to achieve desired outcomes.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591874388419,
      "text": "Alpha uses an AI tutor to provide targeted lessons based on missed questions to help students achieve 100% mastery.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591866940881,
      "text": "Joe Liemandt offered a $100 bill for a 100% score on the Texas Star test to motivate students.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591646018675,
      "text": "Trilogy hired 2,000 Ivy League, MIT, and Stanford graduates and brought them to Austin.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    },
    {
      "id": 1779904591850237418,
      "text": "Most parents exhibit either high standards with low support or high support with low standards, both of which are detrimental to child development.",
      "evidence_type": "paraphrase",
      "confidence": "stated",
      "home_domain": "economics-business-work",
      "published_date": "2026-05-27"
    }
  ],
  "tags": [
    {
      "id": 17730927179500411,
      "slug": "alpha-organization",
      "name": "Alpha",
      "type": "organization"
    },
    {
      "id": 17733644267629360,
      "slug": "anderson-consulting-organization",
      "name": "Anderson Consulting",
      "type": "organization"
    },
    {
      "id": 17733517843994496,
      "slug": "at-t-organization",
      "name": "AT&T",
      "type": "organization"
    },
    {
      "id": 17723038993592412,
      "slug": "blackrock-organization",
      "name": "BlackRock",
      "type": "organization"
    },
    {
      "id": 17763690170319078,
      "slug": "blackstones-organization",
      "name": "Blackstones",
      "type": "organization"
    },
    {
      "id": 17723038994546365,
      "slug": "catholic-church-organization",
      "name": "Catholic Church",
      "type": "organization"
    },
    {
      "id": 17733517472940806,
      "slug": "ge-organization",
      "name": "GE",
      "type": "organization"
    },
    {
      "id": 17730928544182832,
      "slug": "hampton-organization",
      "name": "Hampton",
      "type": "organization"
    },
    {
      "id": 17723038993637295,
      "slug": "harvard-business-school-organization",
      "name": "Harvard Business School",
      "type": "organization"
    },
    {
      "id": 17723038994965410,
      "slug": "hewlett-packard-enterprise-company-organization",
      "name": "Hewlett Packard Enterprise Company",
      "type": "organization"
    },
    {
      "id": 17733518062423381,
      "slug": "hubspot-organization",
      "name": "HubSpot",
      "type": "organization"
    },
    {
      "id": 17723038993600058,
      "slug": "ibm-organization",
      "name": "IBM",
      "type": "organization"
    },
    {
      "id": 17733545394227327,
      "slug": "ilo-organization",
      "name": "ILO",
      "type": "organization"
    },
    {
      "id": 17733541292955414,
      "slug": "img-organization",
      "name": "IMG",
      "type": "organization"
    },
    {
      "id": 17723038995105472,
      "slug": "klaviyo-organization",
      "name": "Klaviyo",
      "type": "organization"
    },
    {
      "id": 17733547341436687,
      "slug": "lion-organization",
      "name": "Lion",
      "type": "organization"
    },
    {
      "id": 17723038994814708,
      "slug": "macandrews-forbes-organization",
      "name": "MacAndrews & Forbes",
      "type": "organization"
    },
    {
      "id": 17723038993598722,
      "slug": "microsoft-organization",
      "name": "Microsoft",
      "type": "organization"
    },
    {
      "id": 17733540815251166,
      "slug": "navy-seals-organization",
      "name": "Navy Seals",
      "type": "organization"
    },
    {
      "id": 17723038993599257,
      "slug": "openai-organization",
      "name": "OpenAI",
      "type": "organization"
    },
    {
      "id": 17723038993599970,
      "slug": "oracle-organization",
      "name": "Oracle",
      "type": "organization"
    },
    {
      "id": 17733540984646452,
      "slug": "silicon-graphics-organization",
      "name": "Silicon Graphics",
      "type": "organization"
    },
    {
      "id": 17723038993600329,
      "slug": "spacex-organization",
      "name": "SpaceX",
      "type": "organization"
    },
    {
      "id": 17723038993629020,
      "slug": "stanford-university-organization",
      "name": "Stanford University",
      "type": "organization"
    },
    {
      "id": 17723038993591610,
      "slug": "ubs-organization",
      "name": "UBS",
      "type": "organization"
    },
    {
      "id": 17733519526638431,
      "slug": "vanta-organization",
      "name": "Vanta",
      "type": "organization"
    },
    {
      "id": 17723038993751073,
      "slug": "bill-gates-person",
      "name": "Bill Gates",
      "type": "person"
    },
    {
      "id": 17731022531560978,
      "slug": "bill-reed-person",
      "name": "Bill Reed",
      "type": "person"
    },
    {
      "id": 17723038993606466,
      "slug": "brian-moynihan-person",
      "name": "Brian Moynihan",
      "type": "person"
    },
    {
      "id": 17785109267788999,
      "slug": "david-perell-person",
      "name": "David Perell",
      "type": "person"
    },
    {
      "id": 17723038993806691,
      "slug": "dharmesh-shah-person",
      "name": "Dharmesh Shah",
      "type": "person"
    },
    {
      "id": 17723038993607979,
      "slug": "elon-musk-person",
      "name": "Elon Musk",
      "type": "person"
    },
    {
      "id": 17723038994515305,
      "slug": "jack-welch-person",
      "name": "Jack Welch",
      "type": "person"
    },
    {
      "id": 17723038994451607,
      "slug": "joe-liemandt-person",
      "name": "Joe Liemandt",
      "type": "person"
    },
    {
      "id": 17723038993708142,
      "slug": "mark-roberge-person",
      "name": "Mark Roberge",
      "type": "person"
    },
    {
      "id": 17723038993640859,
      "slug": "mike-maples-jr-person",
      "name": "Mike Maples Jr.",
      "type": "person"
    },
    {
      "id": 17731028732555743,
      "slug": "sam-parr-person",
      "name": "Sam Parr",
      "type": "person"
    },
    {
      "id": 17723038994448218,
      "slug": "tony-robbins-person",
      "name": "Tony Robbins",
      "type": "person"
    },
    {
      "id": 17723038993607000,
      "slug": "warren-buffett-person",
      "name": "Warren Buffett",
      "type": "person"
    },
    {
      "id": 17723038993833158,
      "slug": "austin-place",
      "name": "Austin",
      "type": "place"
    }
  ]
}