Andre Agassi: Find daunting social issue, provide private-sector solution, says Andre Agassi

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Tennis legend ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/andre-agassi” target=”_blank”>Andre Agassi has an advice for young Indian entrepreneurs: Address societal challenges with ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/private-sector-solutions” target=”_blank”>private-sector solutions that can be scalable with meaningful investments.“If you find a real, expensive, daunting societal issue and you can provide a private-sector solution, that’s an opportunity with scalability and sustainability. That’s it, we’re already on floor one,” he said on the sidelines of an event organised here on Wednesday by non-profit TiE, a network of entrepreneurs.

The player, who has won eight Grand Slam titles, also emphasised that leveraging ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/technology-in-education” target=”_blank”>technology in education can fill a huge vacuum of personalised learning that every child deserves, especially in underprivileged communities.

Agassi has backed ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/square-panda” target=”_blank”>Square Panda, an edtech company using technology to enhance literacy and language learning for children. The firm is providing early education in India by leveraging multisensory learning tools.

“Technology plays an essential role, not just in scalability but also in personalisation, and has the potential to address gaps in traditional education systems,” he said, adding that private investments can drive change.


The American, who has completed a Career Golden Slam by winning all four Grand Slams, said by relying on a philanthropic fund of $200 million raised over a decade, he could only build one school. However, with an infrastructure real estate fund, the model proved to be more sustainable. “With that money, I built one school. But now doing it the way I’m doing it, I’ve deployed about $1.3 billion, built 130 schools, and that $1.3 billion looks a lot more like $1.8 billion in returns.”

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According to the athlete-turned-businessman, this model allows investors to fund school infrastructure, while operators pay it back through tax bond refinancing. The system reduces costs for operators and enables scalability, creating a win-win for all stakeholders.Agassi, who struggled academically and dropped out of school in the 8th grade to pursue tennis, is keen on bringing change through ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/educational-initiatives” target=”_blank”>educational initiatives.

Beyond education, the tennis player has ventured into India’s sports ecosystem with Duper, a ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/pickleball” target=”_blank”>pickleball rating company, and plans to expand the sport in the country. “Pickleball has the potential to bring communities together and complements tennis rather than competing with it,” Agassi said. He is set to launch a pickleball league in India on December 13 in Mumbai.



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Andre Agassi: Find daunting social issue, provide private-sector solution, says Andre Agassi


Tennis legend ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/andre-agassi” target=”_blank”>Andre Agassi has an advice for young Indian entrepreneurs: Address societal challenges with ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/private-sector-solutions” target=”_blank”>private-sector solutions that can be scalable with meaningful investments.“If you find a real, expensive, daunting societal issue and you can provide a private-sector solution, that’s an opportunity with scalability and sustainability. That’s it, we’re already on floor one,” he said on the sidelines of an event organised here on Wednesday by non-profit TiE, a network of entrepreneurs.

The player, who has won eight Grand Slam titles, also emphasised that leveraging ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/technology-in-education” target=”_blank”>technology in education can fill a huge vacuum of personalised learning that every child deserves, especially in underprivileged communities.

Agassi has backed ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/square-panda” target=”_blank”>Square Panda, an edtech company using technology to enhance literacy and language learning for children. The firm is providing early education in India by leveraging multisensory learning tools.

“Technology plays an essential role, not just in scalability but also in personalisation, and has the potential to address gaps in traditional education systems,” he said, adding that private investments can drive change.


The American, who has completed a Career Golden Slam by winning all four Grand Slams, said by relying on a philanthropic fund of $200 million raised over a decade, he could only build one school. However, with an infrastructure real estate fund, the model proved to be more sustainable. “With that money, I built one school. But now doing it the way I’m doing it, I’ve deployed about $1.3 billion, built 130 schools, and that $1.3 billion looks a lot more like $1.8 billion in returns.”

Discover the stories of your interest


According to the athlete-turned-businessman, this model allows investors to fund school infrastructure, while operators pay it back through tax bond refinancing. The system reduces costs for operators and enables scalability, creating a win-win for all stakeholders.Agassi, who struggled academically and dropped out of school in the 8th grade to pursue tennis, is keen on bringing change through ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/educational-initiatives” target=”_blank”>educational initiatives.

Beyond education, the tennis player has ventured into India’s sports ecosystem with Duper, a ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/pickleball” target=”_blank”>pickleball rating company, and plans to expand the sport in the country. “Pickleball has the potential to bring communities together and complements tennis rather than competing with it,” Agassi said. He is set to launch a pickleball league in India on December 13 in Mumbai.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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