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i like the idea, i dont know about the execution, but everything has to start somewhere

NPR:The University of the People is only in its second semester. It's the bright idea of Shai Reshef, an Israeli entrepreneur who's been noodling with educational software for some time. He's the chairman of Cramster.com, a site that helps students create study groups, so they can work together online. His goal with the University of the People, Reshef says, was to design a school with minimal overhead.