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

Edsurge

Over the past 25 years, multiple waves of education technology and innovation have slowly washed into America’s schools and colleges. Along the way, innovators have often over-promised and under-delivered, causing many smart people to wonder if we’re now in a frothy bubble of irrational exuberance, most eloquently summarized by Audrey Watters in Hack Education, who worries that “education technology [merely] serves as a ’Trojan Horse’ of sorts, carrying.

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

Edsurge

When New Markets Venture Partners first began fundraising for its second education technology investment fund, Barack Obama was in office, Brexit for up for debate and iPhones still had headphone jacks. 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.

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Stale Words and Hackneyed Ideas That Make Edtech Investors Cringe

Edsurge

Dreamit Edtech network to get their “lemon lists” of concepts, statements, and business models that edtech entrepreneurs may want to think twice—or thrice—about. Chatbots are hip and cool these days and, while I agree that they have a lot of potential, most of the pitches are simply applications that turn IBM Watson’s natural language processing technology loose on a university’s existing FAQ page. Kaplan , Princeton Review , Tutor.com … the list goes on and on.

Fueled by Big Rounds, Edtech Funding Surges to $887M in First Half of 2017

Edsurge

edtech companies last year, the dollars returned with a fury during the first six months of 2017. edtech startups is already at 88 percent of the total in 2016 ( which was $1 billion ). The strategy has worked for a few older companies: Kaplan, for instance, began in the test-prep business and has since moved into higher education, corporate training (and a. Home-run bets and financial windfalls are rare in the edtech industry. The bull is back—or is it?

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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. Investments in edtech companies in 2016 totalled $945 million, according to estimates from GSV Capital, less than half of the $2 billion tally last year. He expects to see media companies play a bigger role in snapping up promising edtech startups.

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Unable to ‘Reach a Sustainable Business Model,’ Dev Bootcamp Will Shut Down in December

Edsurge

acquisition by Kaplan in 2014. It appears that the Kaplan ownership did not stave off the financial concerns for long. But actually, to the contrary, we would have closed much earlier without Kaplan's support. Kaplan bought us time. — On its website the company claims to have helped “more than 2,700 students develop meaningful careers in technology or tech-related fields,” at companies including Forbes, Google and Scholastic.

Many Online Education Marketplaces Have Sputtered. Will Quizlet’s Pass the Test?

Edsurge

So far 30 such content creators have been green-lighted, ranging from high-school teachers and college professors, to brand-name publishers including Kaplan, Penguin Random House, Oxford University Press and Pearson, which is selling a handful of English vocabulary materials. Today, the graveyard of K-12 edtech marketplaces is littered with stalled attempts, many from companies that are no longer around. Education Technology Startups Edtech BusinessContent may be king.

?Another Major Coding Bootcamp, Iron Yard, Announces Closure

Edsurge

Dev Bootcamp, a Kaplan-owned coding bootcamp pioneer, announced last week that it will be closing its doors in December. Education Technology Enterprises Edtech BusinessThe Iron Yard, a Greenville, S.C.-based based coding bootcamp, is closing up shop. The school wrote in a blog post today that it will be ceasing operations at all of its 15 campuses around the U.S. after its current 12-week session finishes. “In

A Welder of Digital Curriculum Companies Buys Its Latest

Edsurge

He ran Kaplan as its CEO from 1994 to 2008, during which he oversaw 67 acquisitions and more than doubled the company’s revenue—to nearly $2 billion —by the time he left. The Kaplan Connection With Glynlyon under its fold, Grayer claims that Weld North Education’s suite of tools will reach more than 6 million U.S. Coincidentally, all three competitors are currently run by CEOs who previously worked at Kaplan, he noted. Education Technology Investors Mergers and Acquisitions

Using Augmented Reality for Engaging Learning Experiences

edWeb.net

Using this 3D technology can help students significantly whether they’re struggling to learn reading or math, or just to engage. Kaye, CEO and Chief Zoo Keeper at Alive Studios, discovered this technology while in search of a way to support her own two ELL children.

Coding Startup Treehouse Trims Staff to ‘Cross the Chasm to Profitability’

Edsurge

It last raised $7 million in a Series B round led by Kaplan Ventures. Education Technology Startups Edtech BusinessJust as plants are pruned to support longer, healthier lives, Treehouse , an online coding education startup, is trimming down. Today, the Portland, Ore.-based based company laid off 22 of its 104 employees, amounting to 21 percent of its team. The company offers online courses in business, design and web and mobile programming.

After Layoffs, Math Curriculum Developer Reasoning Mind Sells to Weld North Education

Edsurge

Imagine is owned by Weld North Education, a private equity firm that has amassed a portfolio of more than 10 education technology companies over the years. Technology companies including Google, Oracle and Cisco also gave support through providing hardware and database services. Founded by former Kaplan executive Jonathan Grayer, Weld North has purchased 16 companies since 2010. Education Technology Mergers and Acquisitions Edtech Business

Silver Lake Acquires Majority Stake in Weld North’s Digital Curriculum Business

Edsurge

The former Kaplan executive, who served as its CEO from 1994 to 2008, oversaw 67 acquisitions that turned the test-prep business into a global education services provider. In 2010, he pooled his own money with KKR, a private equity firm, to launch Weld North , which has since acquired another 16 edtech companies (and invested in 4 others). Over the past three years, private equity groups have upped their stake in education technology companies.

Ranku Acquired By Wiley to Help Colleges Market Online Degrees

Edsurge

In 2013, co-founders and childhood friends Kim Taylor and Cecilia Retelle started Ranku out of the Kaplan EdTech Accelerator, raising $500,000 in seed funding led by Mark Cuban, GSV and Microsoft Ventures. Buy what you need Taylor thinks of Ranku as middleware for schools, which often have technology stacks made up of several different companies’ softwares all serving different needs. Education Technology Higher Education Postsecondary Learning

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Yes There’s ‘Disruption’ in College Market, But the Bigger Trend Is Growth of ‘Enabler’ Companies

Edsurge

College and university leaders are increasingly willing to work with technology and services partners and various “enabler” firms that are much more integrated into their operations—not only at the margins of their value chain, but at the core. Yet, for a number of years, the momentum in the high-growth online education market has been shifting to non-profit institutions , notably often powered by the technology and services of corporate partners.

?Dev Bootcamp Community Reacts to Closure Decision

Edsurge

That was one of the reasons that led to its sale to Kaplan in 2014. John-Michael Murphy had just finished up a long day of assessments on Wednesday evening when he received an email with some unexpected news. His school, Dev Bootcamp, wrote that it would be shutting down about three months after his graduation this summer. “I I was at first shocked, and then felt sad realizing that DBC will no longer be,” Murphy tells EdSurge.

Microcredentials and Macro-dollars: How an Online Ad Led 2U's Chip Paucek to Make a $120M Bet

Edsurge

Even the sale of Kaplan University to Purdue University represents a different competitive approach. I did say to the CEO of Kaplan, who's a good friend, "Welcome to our space." Education Technology Enterprises Edtech BusinessChip Paucek is an entrepreneur’s entrepreneur. After two other startups sputtered, Paucek cofounded and runs 2U, which made its debut on the public market in March 2014. It closed that first day at $13.90

Teachers Are Turning to AI Solutions for Assistance

EdTech Magazine

Understandably, there is still some hesitation at the idea of using this technology, as education professionals fear the day robots will replace teachers. SIGN UP: Get more news from the EdTech newsletter in your inbox every two weeks! At Slackwood Elementary School in New Jersey, AI assistants helped bolster first-grade students, a majority of whom were struggling to achieve high test scores in science, technology, engineering and math courses.

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This Year’s ASU+GSV Summit Is Hard to Describe. Here’s Our Best Attempt.

Edsurge

This is the edtech industry’s premier financial conversation, packed with more than 4,100 people and 350 CEOs. education technology investors is creating a new fund to support deals overseas. It’s led by a tandem of familiar faces in the edtech investing scene: Learn Capital partner-and-everyman Michael Staton, and Don Burton, who has built his own portfolio of dozens of startups through his time running the Kaplan EdTech Accelerator and EDGE Edtech Accelerator.

The Case for Learning Engineers in Education

Edsurge

Technology is changing the way almost all industries work beyond recognition. Technology itself is changing rapidly, and so too are the accompanying necessary skills. Technology has to be applied to deliver better learning, not to simply be “cool.” We are beginning to see technology entering the fray, providing new capabilities and data for learning. Bror Saxberg is Chief Learning Officer of Kaplan Inc. Education Technology Learning Research Research

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SXSWedu 2017: Ones to Watch and What to Know

Edsurge

But the technology lends a question: to what extent should educational products make assumptions about a user’s end goal? Speakers from University of Virginia, University of Maryland, MIT and University of Pennsylvania will share what works, what doesn’t and how they have built structures to support technology initiatives on their campuses. This panel asks how this technology might expand the walls of the classroom—or isolate students from the learning environment.

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Hack Education Weekly News

Hack Education

More on last week’s Purdue and Kaplan deal: “ Purdue ’s deal for Kaplan U trades a long-term business relationship for low up-front costs while raising worries – especially among faculty groups – about blurred lines between public and private higher ed,” Inside Higher Ed reports. ” Via The Chronicle of Higher Education : “There’s a Reason the Purdue - Kaplan Deal Sounds Too Good to Be True.” Education Politics.

Hack Education Weekly News

Hack Education

Each week, I gather a wide variety of links to education and education technology articles. Via Edsurge : “ Office of Edtech Wants Help Making Sense of All Those Higher Ed Providers.” ” Via The Conversation : “ Purdue-Kaplan deal blurs lines between for-profit and public colleges.” ” There’s more on the new Kaplan in the accreditation section below. ” Perhaps protest Stanford’s Persuasive Technology Lab ?

Hack Education Weekly News

Hack Education

” That’s Kaplan University and the Art Institutes. More on the Kaplan news via The Chronicle of Higher Education. “ Edtech CEOs Seek to Change the ‘ Adversarial Narrative ’ With Public School Teachers,” says Edsurge. ” Via Campus Technology : “BYU Researchers Aim to Stop Robots from Eating Tables with Wikipedia.” Via Campus Technology : “ Education Data Breaches Double in First Half of 2017.”

Hack Education Weekly News

Hack Education

technologizing” the government. Via Inside Higher Ed : “The as-yet unnamed online university resulting from the proposed acquisition of Kaplan University by Purdue University has set discounted tuition rates for in-state students and free tuition for Purdue employees.” Here’s a sponsored article , paid for by the Gates Foundation and published by Edsurge promoting the school and its technology.). (National) Education Politics.

Hack Education Weekly News

Hack Education

Via The Washington Post : “A hiccup in Purdue ’s acquisition of for-profit Kaplan University.” ” Via The Journal & Courier : “Purdue disputes claims Kaplan deal leaves taxpayers on hook.” Edsurge on the Injini ed-tech accelerator in South Africa : “Why the World’s Youngest Continent Got an Edtech Accelerator.” Via Inside Higher Ed : “ Historians Blame Lack of Support for Slow Technology Uptake.”

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Hack Education Weekly News

Hack Education

Each week, I gather a wide variety of links to education and education technology articles. Via Campus Technology : “The University of North Dakota has teamed up with for-profit training company Woz U to provide short-term technology education programs.” Products like this remain one of the most terrifying ideas in education technology. ” Via Edsurge CEO Betsy Corcoran : “ Edtech Incubators are Fading.

Hack Education Weekly News

Hack Education

Each week, I gather a wide variety of links to education and education technology articles. ” There are more stories about Purdue University Global, formerly the for-profit Kaplan University, in the “labor and management” section below. ” Susan Crawrford argues “Why Universities Need ‘Public Interest Technology’ Courses.” million from Omidyar Technology Ventures and Houghton Mifflin Harcourt.

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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. Perhaps this will help the Grovo fellows: “Tips for Landing an Edtech Gig – From the EdSurge Jobs Team.” Via Campus Technology : “ Pearson Expands Textbook Rental Program.” IHE ed-tech blogger Joshua Kim wonders “Who Exactly Holds This Neoliberal EdTech Ideology ?”

Hack Education Weekly News

Hack Education

Each week, I gather a wide variety of links to education and education technology articles. More on the for-profit formerly known as Kaplan University in the online education section below. ” This new school is a result of Purdue’s acquisition of the for-profit Kaplan University. “ Stackable Credentials May Not Boost Earnings,” says Campus Technology. Is advertorial content really something education technology journalism should foster?

Hack Education Weekly News

Hack Education

An op-ed in Inside Higher Ed from EAB’s Melanie Hoe : “What the Purdue-Kaplan Deal Means for You.” ” Via Education Dive : “The Purdue-Kaplan Earthquake.” “ Cory Reid , who previously ran two edtech companies – Instructure and MasteryConnect – as their chief executive, has landed a new gig at Tyton Partners,” says Edsurge , failing to disclose that it shares investors with MasteryConnect.

Hack Education Weekly News

Hack Education

Here are the education technology companies that have raised money from ISPs. Via Edsurge : “Why Donald Graham Sold Kaplan University to Purdue for $1.” What’s his evidence that technology has not eliminated jobs – other than this weird insistence that there is no such thing as neoliberalism in ed-tech ? “​ Intel Hits Pause on Edtech Accelerator,” says Edsurge. Via Campus Technology : “6 VR Trends to Watch in Education.”

Hack Education Weekly News

Hack Education

Each week, I gather a wide variety of links to education and education technology articles. ” 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.”

Hack Education Weekly News

Hack Education

Paul LePage has called for a review of his state’s groundbreaking 1-to–1 student computing initiative, highlighting the growing pains nagging an educational-technology movement now well into its second decade.” ” Via Inside Higher Ed : “ Kaplan Will Offer Free Online PSAT Prep.” ProPublica on “ Discrimination by Design ” in digital technologies. Education Politics. Via Education Week : “ Maine Gov.

Hack Education Weekly News

Hack Education

Inside Higher Ed writes about accreditation and the “Fine Print and Tough Questions for the Purdue-Kaplan Deal.” Via Inside Higher Ed : “The Association of Public and Land-grant Universities is encouraging its 237 member institutions to equip its campus police departments with body-worn cameras – or at least test the technology.” (National) Education Politics.

Hack Education Weekly News

Hack Education

Kaplan is closing Dev Bootcamp , a coding bootcamp it acquired in 2014. Speaking of predictions about the future of online education, EdTech Strategies’ Doug Levin pens part 2 of his look at Clayton Christensen and Michael Horn ’s prediction that “ by 2019, half of all high school classes will be taught over the Internet.” Via MIT Technology Review : “Another Price Slash Suggests the Oculus Rift Is Dead in the Water.”