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VCs Are Pouring Money Into the Wrong Education Startups

vcs are pouring money into the wrong education startups

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The Covid-19 pandemic has compelled students, teachers, and parents across the globe to embrace relatively new forms of education technology (edtech) quickly and on an unprecedented scale. At a glance, it would appear that edtech startups and their venture capital backers have responded swiftly and emphatically to meet this exceptional challenge. But a closer look also suggests some cause for serious concerns, particularly with respect to our most educationally vulnerable students. WIRED OPINIONABOUTThomas S. Dee is the Barnett Family Professor at Stanford University’s Graduate School of Education (GSE) and a senior fellow at the Stanford Institute for Economic Policy Research (SIEPR).Though the pandemic brought about a sharp and sudden economic contraction, overall VC investments have remained surprisingly robust. This is likely the result of both the push of low interest rates as well as the pull of substantial new challenges in fields such as health, climate change, and education. Education technology is a particularly striking example. Since the onset of the pandemic, VC investments in education technology have increased dramatically. My calculations indicate that, though the year is not yet complete, VC investments in education technology during 2020 are already at $9.7 billion, more than twice the amount in all …

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Build foundational skills with the ‘six Cs’ – Grand Rapids Business Journal

build foundational skills with the ‘six cs’ – grand rapids business journal

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A little more than a year ago, the Grand Rapids Public Museum hosted “Outsmarting the Robots: Redesigning education from the classroom to the halls of Lansing.” The conference was organized around the question, “How do we redesign our system for learning what matters to meet the needs of our children, economy, society and world?”The conference organizers — including the think tank I lead, Michigan Future Inc. — believed that our education system needed redesign of both what we are teaching and how we are teaching. Another premise was that standardized test-driven schooling — now delivered both in schools and at home — is designed to teach a too-narrow set of skills and is delivered in a way that does not engage kids nor create lifelong learners.New York Times bestselling author of “Becoming Brilliant,” Kathy Hirsh-Pasek, served as the conference guide.The book makes the case that the foundation skills for all students — no matter what path they choose to take after high school — are the “six Cs” of communication, collaboration, content, critical thinking, creativity and confidence. These, of course, are essential life skills. They also are the skills students will need to outsmart the robots. They’re also needed to complement rather …

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Dain Leaders tests the digital tracking technology for international students using the ‘Proof of Concept (PoC).’

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TipRanksGoldman Sachs: These 3 Stocks Could Spike Over 40%Expectations of good news on the near horizon are buoying markets right now. Over the past month, both the S&P 500 and the NASDAQ are up 11% to new record highs.Investors are excited at the prospect of a COVID vaccine coming before the winter is out. And the electoral results, that Democrat Joe Biden will ascend to the Presidency while the Republicans will emerge strengthened in Congress, promise the avoidance of extremes typical of divided government. In short, investors are looking forward to ‘return to normal’ environment over the next several months. And that has them seeking stocks that are primed for gains. Against this backdrop, Goldman Sachs analysts are pounding the table on three stocks in particular, noting that each could surge over 40% in the year ahead. After running both tickers through TipRanks’ database, we found out that the rest of the Street is also standing squarely in the bull camp.Codiack BioSciences (CDAK)As we have all learned from coronavirus pandemic, some new thing in medical science can make huge impact on our world. Codiack aims to turn that principle to good. This research-oriented pharmaceutical aims to turn exosome therapeutics into …

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U.S. IPO Week Ahead: A Flurry Of Launches Forecasted To Kick Off December IPO Blitz

u.s. ipo week ahead: a flurry of launches forecasted to kick off december ipo blitz

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The IPO calendar is relatively quiet for the moment, with one IPO and one SPAC scheduled for the week ahead. It won’t stay that way for long.Several companies could launch early in the week to kick off the December IPO blitz. Online restaurant delivery service DoorDash (DASH) and short-term booking platform Airbnb (ABNB) are primed to lead the unicorn stampede, expected to raise $2 billion and $3 billion, respectively. Other potential launches include enterprise AI software provider C3.ai (AI) and biotechs Kinnate Biopharma (KNTE), BioAtla (BCAB), and Sigilon Therapeutics (SGTX). Chinese education technology group 17 Education & Technology Group (YQ) plans to raise $288 million at a $2.2 billion market cap. The company’s smart in-school classroom solution delivers data-driven teaching, learning, and assessment products to teachers, students, and parents across 70,000+ K-12 schools. Boosted by pandemic-driven demand for online educational tools, revenue nearly quadrupled in the 9mo20, though the company remained highly unprofitable. Seaport Global Acquisition (SGAMU) plans to raise $125 million to acquire companies emerging from a reorganization or distressed situation. The SPAC is led by The Seaport Group and Seaport Global Asset Management founder Stephen Smith. U.S. IPO Calendar IssuerBusiness Deal SizeMarket Cap Price RangeShares Filed TopBookrunners Seaport Global Acq. New York, NY $125 …

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How E-Learning Facilitates Educational Opportunities

how e-learning facilitates educational opportunities

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SEATTLE, Washington — Education is an important part of lifting impoverished families and communities out of poverty. However, access to education is something that many developing nations struggle to provide for their poorest communities. Electronic learning, or e-learning, could be the solution. Find out how e-learning facilitates educational opportunities for impoverished communities.Education Alleviates PovertyFor many people around the world, education is the only opportunity they have to lift themselves out of poverty. Education allows impoverished people to develop knowledge and skills that afford them greater economic opportunities. Globally, there is a significant overlap between adults living in poverty and those who lack formal educations. Education has been shown to contribute to decreases in income inequality, decreases in infant and maternal death rates and increases in economic development. It is estimated that if all adults were to receive an education up through high school, the poverty rate could be reduced by more than 50% worldwide.But There are ChallengesThat is an impressive reduction, but there are significant challenges to developing such widespread educational opportunities. For many developing countries, the economic costs of providing in-person education for impoverished communities are significant. Paying teachers, supplying students with textbooks and other educational materials and even …

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Charting a new course

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Why constant innovation is required in the education sector, especially with the advent of edtech

Almost every aspect of life has been transformed by the Internet and technological innovations that have made it easier for us to communicate, cooperate and connect with each other, and widened our social networks and professional orbits. During the lockdown, technology in education also grew by leaps and bounds. A decade ago, the edtech industry was practically insignificant but, today, the educational landscape of India has been transformed. Amid the pandemic, India has seen an exponential adoption of online learning that has made home-schooling more pertinent than ever. Many edtech platforms have been launched to help schools, children, and parents tide over this unusual disruption. From face-to-face to live conferencing classes, from written tests to online assessments, from class quizzes to gamified assessment, face-to-face and one-on-one to group and interactive learning, there has been a complete transformation with AI, AR, VR and other new-age technology playing a key role.The needEveryone has adapted to newer technologies and developed a level of comfort that did not exist before. Interactions with teachers and school heads have shown that the former, despite having to learn the nuances of …

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Hull tech company lends helping hand to schools ‘on the brink’

hull tech company lends helping hand to schools ‘on the brink’

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With thousands of pupils isolating in Hull and East Yorkshire and schools this week said to be “on the brink of collapse”, local educational technology company Good2Learn has stepped in to try to ease the pressure for schools and parents. Based at C4DI in Hull, Good2Learn’s multi award-winning online platform focuses on maths and English learning across Key Stages 2 and 3 but is uniquely knowledge, not age or year-group dependent. The platform is being offered free to all local schools for a full term, to help at a time when the Hull Learning Partnership has asked the Department of Education for permission for greater flexibility in the run-up to Christmas, saying Hull’s schools are “on the brink of collapse” because of Covid-19 and that there is a need for a move to a combination of home and classroom-based teaching To get the Hull Live headlines every day, simply pop your email address into the sign-up box just beneath the picture at the top of this article.

The Good2Learn online platform focuses on maths and English learning

The innovative and intuitive platform is proven to significantly reduce teacher workload and provides impressive data while improving pupil …

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The 2020 Dean’s List: 30 Higher Ed IT Influencers Worth a Follow

the 2020 dean’s list: 30 higher ed it influencers worth a follow

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Journalist Margaret Fuller once said, “If you have knowledge, let others light their candles in it.”
Even before COVID-19 shut down campuses around the nation and the world, higher education was at a crossroads. Today, however, charting a new direction is more critical than ever. In a year without precedent — one that’s seen traditional instruction upended by a pandemic — there’s never been a greater need for expert thought leaders who can provide the guidance and expertise that higher education professionals need to navigate such a massive sea change.
Faced with a barrage of new challenges, university IT leaders and stakeholders are hungry for creative solutions and guidance. At the same time, IT experts across higher education are reimagining ways for technology to solve higher education’s biggest problems, from enrollment challenges to cybersecurity to student privacy and safety.
For our 2020 Dean’s List, EdTech has compiled a list of higher ed IT influencers who are using social and digital media to inform, engage and inspire their colleagues in the higher education field. Below are 30 of the savviest higher education IT leaders, bloggers, podcasters and social media personalities you should follow. If you’re on the list, …

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Rhodes Scholar Abdallah AbuHashem: Engineering for social and educational impact

rhodes scholar abdallah abuhashem: engineering for social and educational impact

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This article is the second in a three-part series about Stanford’s Rhodes Scholars-elect for 2021: Nicolas Fishman, Abdallah AbuHashem and Ziyi Wang. If formally accepted by the Rhodes trustees, the trio will join a cohort of 99 other scholars-elect from around the globe on a full scholarship to the University of Oxford in England.
Abdallah AbuHashem ’19 M.S. ’21 was named one of Stanford’s three 2021 Rhodes Scholars-elect in October. He arrived at Stanford from Gaza, Palestine and has since excelled in developing both technical skills and fostering a dedication to helping others.
Peers describe him as an empathetic intellectual, and professors say that he has a unique ability to embody a breadth of abilities and a passionate pedagogy simultaneously through technology.
When he heard the news on Oct. 31, he was shocked: “Now what? How do I actually go from who I am … to that image that I have in my head of what a Rhodes Scholar is?” he recalled asking himself.
With a B.S. in computer science, AbuHashem is the published co-author of two academic papers and plans to pursue a career in academia in the long term. He is still trying to decide what he will study at Oxford …

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