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Who is the Theranos of Education?

Edsurge

Over the last few months, biotech company Theranos has re-entered the conversation due to a slew of newsworthy happenings—the Elizabeth Holmes trial finally came to an end with four of 11 charges of fraud, and Hulu announced The Dropout’s debut while Apple Original Films’s Bad Blood is currently in production. Money came flowing.

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New Markets Venture Partners Adds $30 Million, Former Gates Foundation Executive to Edtech Fund

Edsurge

His career also includes stops at Microsoft, Schoolnet and Kaplan. The four focus areas include career credentialing, digital and adaptive learning platforms, STEM and computer science instructional tools and data analytic services for schools. He adds that New Markets has funded “a handful” of companies in this situation. (He

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Hack Education Weekly News

Hack Education

Chopra worked at the CFPB and, while there, “sued two for-profit-college companies – ITT Educational Services Inc. ” It’s now unclear, observers say, if the FTC can regulate companies like Google or Verizon. ” Via Inside Higher Ed : “ Kaplan Will Offer Free Online PSAT Prep.”

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Hack Education Weekly News

Hack Education

awards debt collection contract to company with ties to DeVos.” ” Via Buzzfeed : “Here’s How A Student Loan Debt Relief Company Preyed On Its Customers.” ” The company: the Student Loan Assistance Center. Blackboard’s Chief Financial Officer, Lisa Mayr, is also leaving the company.

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Hack Education Weekly News

Hack Education

Purdue University is buying Kaplan University for a dollar. Me, I wrote about how far Kaplan Inc ’s reach is in education politics and products. ” I’m more interested in hearing about segregation and state laws in Mississippi than the adaptive learning software a school is using. Or something else?

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The 100 Worst Ed-Tech Debacles of the Decade

Hack Education

Without revenue the company will go away. Or the company will have to start charging for the software. Or it will raise a bunch of venture capital to support its “free” offering for a while, and then the company will get acquired and the product will go away. And “free” doesn’t last. Sometimes they strike a deal.

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Hack Education Weekly News

Hack Education

” Oh sure sure, this isn’t exactly education technology news, except for the part where Khosla invests in education technology companies and his wife founded the open education organization CK–12. Via The Chronicle of Higher Education : “As Kaplan Sale Faces Final Hurdle, Purdue President Criticizes Faculty Opponents.”