{"id":666,"date":"2022-04-01T13:19:00","date_gmt":"2022-04-01T13:19:00","guid":{"rendered":"http:\/\/fayyad"},"modified":"2024-03-12T16:26:11","modified_gmt":"2024-03-12T16:26:11","slug":"education-technology","status":"publish","type":"post","link":"https:\/\/newmarketsvp.com\/2022\/04\/01\/education-technology\/","title":{"rendered":"Why I’m Still Bullish About the State of Edtech"},"content":{"rendered":"\n
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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.<\/p>\n\n\n\n

I was lucky enough to attend the inaugural ASU GSV back in 2010 in Tempe, Arizona. It was a modest two-day affair: maybe 350 attendees in sweaty overcrowded rooms, a few speeches by CEOs and academics. This year\u2019s 1<\/a>3th edition will swamp San Diego\u2019s waterfront for four days and feature 1,000 speakers, including Thomas Friedman and Margaret Atwood, plus the buzziest for-profit companies in our industry. More than $1 billion in headline-grabbing transactions are likely to be announced at the event.<\/p>\n\n\n\n

Five years ago I wrote a piece for EdSurge entitled \u201cWhy I\u2019m Optimistic About The Next Wave of Education Technology,\u201d and at the time<\/a> I wanted to counteract the feelings many were expressing that the edtech bubble was about to burst. The prior year, my former chief Bill Gates headlined ASU GSV<\/a> and received a standing ovation for championing technology\u2019s power to transform teaching and learning. A small but mighty movement was building \u2013 and it needed time to grow.<\/p>\n\n\n\n

It\u2019s hard to remember now, but many industry colleagues felt edtech was a frothy market in 2017.<\/p>\n\n\n\n

Roll forward to today, and our firm New Markets Venture Partners<\/a> is tracking almost 10,000 U.S. based education and workforce technology companies, together amounting to more than $150 billion in market capitalization. And almost a third of these companies are likely to be represented at next week\u2019s ASU GSV. One of our portfolio companies LearnPlatform<\/a> publishes a regular \u201cEdtech Top 40<\/a>\u201d list of the most used edtech products in K12 schools nationwide: perhaps unsurprisingly, Google products take 8 of the top 10 spots. What may surprise you, however, is the average K12 school district uses a whopping 1,447 edtech products per month. Today\u2019s K12 educators are more digitally native than ever before.<\/p>\n\n\n\n

When I started my first edtech business in 1998, our competitor Blackboard had less than 10 employees and customers.<\/p>\n\n\n\n

Read the full article and get the data here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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. I was lucky enough to attend the inaugural ASU GSV […]<\/p>\n","protected":false},"author":11,"featured_media":811,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[10,112],"tags":[],"_links":{"self":[{"href":"https:\/\/newmarketsvp.com\/wp-json\/wp\/v2\/posts\/666"}],"collection":[{"href":"https:\/\/newmarketsvp.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmarketsvp.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmarketsvp.com\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/newmarketsvp.com\/wp-json\/wp\/v2\/comments?post=666"}],"version-history":[{"count":3,"href":"https:\/\/newmarketsvp.com\/wp-json\/wp\/v2\/posts\/666\/revisions"}],"predecessor-version":[{"id":15020,"href":"https:\/\/newmarketsvp.com\/wp-json\/wp\/v2\/posts\/666\/revisions\/15020"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmarketsvp.com\/wp-json\/wp\/v2\/media\/811"}],"wp:attachment":[{"href":"https:\/\/newmarketsvp.com\/wp-json\/wp\/v2\/media?parent=666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmarketsvp.com\/wp-json\/wp\/v2\/categories?post=666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmarketsvp.com\/wp-json\/wp\/v2\/tags?post=666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}