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Why I'm Still Bullish About the State of Edtech

Edsurge

In the next few days, thousands of edtech entrepreneurs, investors, educators and policymakers will flood a hotel in San Diego to attend the Mecca of Education Innovation Optimism known as ASU GSV. So now is the perfect time to reflect on the state of edtech. A small but mighty movement was building – and it needed time to grow.

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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. New Markets has supported 43 companies since its launch in 2003; edtech startups make more than 90 percent of its deals in the past five years, Palmer adds. He expects to see media companies play a bigger role in snapping up promising edtech startups.

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Teachers Are Turning to AI Solutions for Assistance

EdTech Magazine

SIGN UP: Get more news from the EdTech newsletter in your inbox every two weeks! Small and mid-sized districts tend to be the most facile and can move forward quicker,” says Alex Kaplan, global sales leader of IBM Watson Education. “A AI Solutions Drive Higher STEM Test Scores.

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U. of Arizona Bought a For-Profit U. for $1? Actually, the For-Profit Paid Millions to Be Acquired.

Edsurge

In 2017, Purdue University bought Kaplan University , also for $1. Kaplan University suddenly changed its name to Purdue University Global, and Kaplan, Inc. So the result was that a for-profit university suddenly became a nonprofit, but one that was locked into a long-term contract with Kaplan and shares tuition revenue.

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Who is the Theranos of Education?

Edsurge

In similar fashion, problematic edtech companies with grand visions and little follow-through don’t just affect the investors pouring funds into the space; they also potentially put learners into compromising situations. But who was—or is—the Theranos of the education sector? Yet, fast forward to 2022, and AltSchool no longer exists.

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Why I’m Optimistic About the Next Wave of Education Technology

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Edtech, I believe, is going through a similar rebuilding moment powered by three trends: widely available infrastructure, the catalytic impact of spending by both the government and philanthropy in education, and—finally—the embrace of edtech by educational institutions and educators themselves. Not yet convinced?

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New Markets Venture Partner’s Latest Edtech Fund Closes at $68 Million

Edsurge

And according to Palmer’s research, 21 of the 23 largest exits in the edtech industry have come from companies based outside of New York or the San Francisco Bay Area. It also gives the foundation a lens into the challenging realities of the edtech startup ecosystem. Source: New Markets Education Partners.

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