Is It A $2.3 Trillion Mentor Market?

by Dan Robles on 07/11/2009

yoda 300x300 The 2.3 Trillion Dollar Mentor MarketMentors provide expertise to less experienced individuals to help them advance their careers, enhance their education, and build their networks. In many different arenas people have benefited from being part of a mentoring relationship: Freddie Laker mentored Richard Branson, Bach mentored Mozart, Dr. Dre mentored Eminem, Aristotle mentored Alexander the Great, and Obi-wan Kenobi mentored Anakin Skywalker.

Mentorship: a Valuable 2-way Conversation

Suppose that mentorship could be monetized like financial instruments.  Within the structure of an innovation economy specified by The Ingenesist Project; a knowledge inventory, a percentile search engine, and an innovation bank will match the most worthy student to the most worthy mentor in the respective market structure.  The mentor would take an equity position in the protégé, not unlike taking a stock in a corporation.

For example:  A single mid-career mentor could take on 10 protégés with an option to exercise, say, 1% of the students future salary for every year mentoring upon predetermined retirement date. Say that the average mentorship lasts 10 years.  Likewise, each of the protégés also becomes a mentor taking on 10 protégés of their own.  The Master mentor will collect 1% of the revenue that each of the 100 sub-protégés provide to their middle mentors per year.

The Educational Pyramid Scheme

If each protégé becomes at least as successful on average as the mentor, the master mentor can collect the equivalent of their average salary for the duration of their retirement.  If each of the protégés become equally effective mentors, then the master mentor can double their average salary for the duration of their retirement.   A third tier adds another salary to the master mentor.

This is what actually happens in an informal way within companies, government, and Jedi Knighthood; the exception is that social media will enable this to occur outside the construct of a corporation – and such.

Game Theory for the Rest of Us

An interesting social game emerges:  It becomes the best interest of the mentor that each of their protégés is successful in their field and practice high integrity.  It is in the best interest of the mentee to learn as much as they can and become as proficient as they can. It is the best interest for mentees to pick appropriate mentors and it is in the best interest for mentors to take on appropriate mentees.  It is efficient for mentees to form a social network among themselves and for Master Mentors to form a network among themselves. A multiplier effect surges with cross-mentoring.

In aggregate, it is in the best interest for the membership in the social network to cooperate rather than compete because their income would ultimately benefit less from competition than from cooperation.

2.3 Trillion Dollars Market

The American Public education system is in disarray.  Standardized education defies the diversity of the country.  Teacher’s pay has been stagnant. Curriculum takes years to respond to new knowledge. Recent McKinsey research finds that a persistent gap in academic achievement between children in the United States and their counterparts in other countries deprived the US economy of as much as $2.3 trillion in economic output in 2008

None of this has anything to do with the dreams of our children.  None of this has anything to do with the intellect, motivation, and perseverance of our kids.  It has everything to do with Political stalemate and failure of the economic system.  All children can achieve their dreams, and ours, if there were a market for mentors.

The Ingenesis Project

{ 21 comments }

ingenesist July 14, 2009 at 1:48 pm

RT @tweetmeme Is It A $2.3 Trillion Mentor Market? | The Relationship Economy…… http://bit.ly/14m5VX

ingenesist (ingenesist) July 14, 2009 at 1:53 pm

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dan July 12, 2009 at 1:30 pm

Dylan; Thanks for the comment. Also note that a “social contract” is a contract nonetheless. Assets managed by “contracts” are treated as “tangible”. The social contract is binding through social media rather than a legal system. This opens a new universe of knowledge asset valuation that can simply bypass Government and Wall street. Find me on Linkedin if you want to know more about the Ingenesist Project.

Dylan Rodrigues July 12, 2009 at 11:45 am

I think you’re onto something. Instead of all of these executive and life coaches charging by the hour, maybe they should be charging a percentage? Much more lucrative money to be made.

Business 3.0 Tech. July 11, 2009 at 3:57 pm

Is It A $2.3 Trillion Mentor Market? http://tinyurl.com/ljf62z

pianolessons101 (shannon spoon) July 11, 2009 at 2:21 pm

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Brian C. Citizen July 11, 2009 at 10:34 am

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Angela Suddarth July 11, 2009 at 7:13 am

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Martin July 11, 2009 at 7:13 am

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Rob Harvey July 11, 2009 at 6:48 am

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Pieter Voogt July 11, 2009 at 7:17 am

Bach did not mentor Mozart, he died 6 years before Mozart was born. Or is this about J.C.Bach? Mozart met him as a child and was influenced by his music, but this wasn’t a very special relationship.

JDeragon July 11, 2009 at 6:11 am

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