Mark Grovic

/Mark Grovic

About Mark Grovic

Mark Grovic co-founded New Markets Venture Partners in 2003 and is a General Partner. Mark serves as a board director and lead partner or board advisor on several of the New Markets Venture Partners portfolio companies. Learn more about Mark Grovic.

Understanding EdTech Valuations

2018-08-30T17:14:41-04:00Mark Grovic, News & Updates|

As the graphic below shows, the number of companies in the Unicorn Club is exploding and this is making us extremely cautious. Udacity joined the Club as the latest EdTech addition in November. Udacity has now raised $169M, most recently at a $1B valuation, on an estimated $24M in revenue. Earlier this year, LinkedIn created [...]

Political Climates Can Impact Education Spending

2018-08-30T17:14:41-04:00Mark Grovic, News & Updates|

In the past, election outcomes—including majority party shifts and new referendums—meant a change in value for markets, industries, and businesses. Education spending is also affected by election results, and we pay close attention to the platforms and policies that could bring changes to the education markets. If the results of the upcoming elections follow the [...]

Staying Focused on Disruptive Companies with Proven Business Models for Education Technology

2015-11-02T10:10:44-04:00Mark Grovic, News & Updates|

Education technology investing continues to evolve as an earlier wave of products that had been developed to address key opportunities to disrupt the industry, such as data driven adaptive and individualized curriculum, blended delivery models, and competency based learning (especially for the “non-traditional” student) approach maturity. While there remains tremendous future opportunity to invest in [...]