>is there a problem of reaching students with good educational content?
Actually, you've hit upon the root problem. Truly effective education doesn't scale. Why? Because truly effective education is personal and personalized. A teacher is very effective when teaching small classes, because they can give students individual attention. That teacher is not going to be as effective when teaching 100, or 1000, or a million students. There's no way to provide individual attention there.
It can be hard for us to understand, because readers of HN are likely to be autodidacts to some extent who don't need that kind of attention. We need to understand that this isn't the norm. The research has been very consistent on this topic for decades now.
That doesn't mean that mass education a la khan and some of the other solutions that are out there are bad. The frustration educators are feeling about these rise from several different areas:
1) We know that these are not the most effective means of teaching. Most students do experience long-term learning in these environments.
2) Mass education is very dehumanizing. This isn't just websites that experience this, but teachers in actual classrooms who have to teach larger and larger class sizes every year. It's a dehumanizing experience.
Basically, to me it seems like we don't care about 2 any more, and the sacrifice of effectiveness is one we're willing to make in order to get quantity. I don't like that, and many teachers out there completely reject that idea.
So if you can find a way to scale personal (in the social sense), and personalized education, you're going to be positioned very well. Khan academy isn't it, and I'm not even sold that doing it on large scales is even possible.