Distance Learning Gets $100 Million Pledge
A Washington-area billionaire who made his fortune in technology has pledged $100 million to start up an online university that he says will provide students worldwide with an "Ivy League education"—free of charge.
Michael J. Saylor, the president, chief executive officer, and chairman of MicroStrategy Inc. in Tysons Corner, Va., announced the donation at the Greater Washington Business Philanthropy Summit last week, but provided few details of the project.
The 35-year-old entrepreneur, whose company sells e-commerce software, told The Washington Post that he envisions hiring top-notch professors and asking them to videotape their lectures in a studio built somewhere in the Washington region. The tapes would be projected over the Internet to...
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