Ed tech 2016

by reestheskin on 03/02/2017

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From Audrey Watters excellent round up of the year that was:

I think it’s safe to say, for example, that venture capital investment has fallen off rather precipitously this year. True, 2015 was a record-breaking year for ed-tech funding – over $4 billion by my calculations. But it appears that the massive growth that the sector has experienced since 2010 stopped this year. Funding has shrunk. A lot. The total dollars invested in 2016 are off by about $2 billion from this time last year; the number of deals are down by a third; and the number of acquisitions are off by about 20%.

To the entrepreneur who wrote the Techcrunch op-ed in August that ed-tech is “2017’s big, untapped and safe investor opportunity.” You are a fool. A dangerous, exploitative one at that.

Lots of good reasons for this, but surely the main one is that the products are so awful. It is a big domain of human activity, although whether it is a market I will leave for the moment. But people may prefer to spend their money on something that works. And that is before we mention LMS. Of course we can just sell our students user data….

Lots more good stuff from her here, although a stiff drink may be seasonally appropriate.